A happy investor collects a bored ape nft with a discount of 99% after a fat finger error by the seller
A happy investor collects a bored ape nft with a discount of 99% after a fat finger error by the seller
- Maxnaut tried to list his Bored Ape NFT for $ 286,000).
- The investor incorrectly entered 0.75 ETH ($ 2,800), which is a hundredth of the expected price.
In April of this year the Bored Ape Yacht Club was launched with 10,000 NFT collections. Since then she has developed into one of the most renowned collections in the world, including Jimmy Fallon, Post Malone and Steph Curry. It looks like it is the cheapest thing everyone can buy a bored ape yacht club nft, 52 ETH ($ 198,000). However, a user identified as a Maxnaut made a devastating "fat finger error" and sold his bored ape nft far less than he wanted to sell.
maxnaut wanted to listen to his bored ape nft for $ 286,000). However, he incorrectly entered 0.75 ETH ($ 2,800), which is a hundredth of the expected price. This was immediately bought by someone who also paid a benzine fee of USD 34,000 to ensure that nobody buys it before him. It is believed that the immediate purchase of the NFT was carried out by a bot that is coded in such a coding that it immediately buys NFTs that are listed below a certain price. According to him, a little loss of concentration cost him so much.
I list a lot of things every day and just didn't really pay attention. I saw the error immediately when my finger clicked with the mouse, but a bot sent a transaction with over 8 ETHs [$ 34,000] from benzine fees, so that it was snipped immediately before I could click on "Cancel", and just $ 250,000 was gone.
Interestingly, the original owner offered the buyer $ 50,000 to return it, but the buyer sold it at the time of $ 150,000. Maxnaut believes that this often happens on the market.
The industry is so new that bad things will happen, be it its guilt or technology. As soon as you have no control over the result, forget it and continue.
FAT-Finger error, which often occur in the crypto and NFT space
Fat Finger Errors are not new in the crypto room, since many headlines have recorded similar occurrences in recent years. In 2019, the company almost doubled its coin offer after Tether accidentally created new coins worth $ 5 billion.
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Recently someone who tried to sell a cryptopunk-nft for $ 19 million for $ 19,000. In August, someone turned a FAT Finger error capital after the owner listed a bored ape NFT for $ 26,000.
Last month, a company incorrectly paid a fee of $ 24 million for a transaction of $ 100,000. In March, Blockfi should send 700 Gemini dollars to several customers worth $ 1 each. However, they incorrectly sent bitcoins worth millions of dollars. Fat Finger Errors also appear in traditional finance. In 2014, a Japanese accidentally bought almost 57 percent of the total Toyota shares.
FAT-Finger error that occurs in traditional banking transactions can be easily undone if the bank that carries out the transaction is informed; However, reversal is almost impossible on the unregulated cryptoma market.
Source: Crypto-news-flash.com
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