{"id":85429,"date":"2023-10-06T16:40:18","date_gmt":"2023-10-06T13:40:18","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=85429"},"modified":"2025-09-12T23:16:15","modified_gmt":"2025-09-12T20:16:15","slug":"tiny-fee-nets-crypto-trader-a-310000-windfall","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/tiny-fee-nets-crypto-trader-a-310000-windfall\/","title":{"rendered":"Tiny fee nets crypto trader a $310,000 windfall"},"content":{"rendered":"<p>A user of Taiwan&#8217;s MaiCoin bitcoin exchange won 10 million <span data-descr=\"Taiwan dollar\" class=\"old_tooltip\">TWD<\/span> (~$310,000) in the Uniform Invoices Lottery, after making a small trade on the platform with a fee of 2 TWD (~$0.06).<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Who says retail users can&#8217;t profit from trading cryptos? Taiwan&#8217;s largest crypto exchange <a href=\"https:\/\/twitter.com\/MAX_exch?ref_src=twsrc%5Etfw\">@MAX_exch<\/a> announced some user made a tiny trade that paid $2 NTD ($0.06 USD) in fee on platform, the tax receipt ended up winning 10mil ($310k USD) in Taiwan govt&#8217;s invoice lottery!? <a href=\"https:\/\/t.co\/FSGXdKVW5J\">pic.twitter.com\/FSGXdKVW5J<\/a><\/p>\n<p>\u2014 Paul Huang (@PaulHuangReport) <a href=\"https:\/\/twitter.com\/PaulHuangReport\/status\/1709917245915230576?ref_src=twsrc%5Etfw\">October 5, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWho said retail users can&#8217;t profit from trading cryptocurrencies?\u201d \u2014 wrote researcher Paul Huang.<\/p>\n<\/blockquote>\n<p>To boost tax receipts in the early years of the state, Taiwan authorities introduced the <a href=\"https:\/\/en.wikipedia.org\/wiki\/Uniform_Invoice_lottery\">Uniform Invoice Lottery<\/a>. This is a type of receipt that merchants issue to customers when selling goods and services. The document is kept by both parties.<\/p>\n<p>In 1951, the government launched the lottery for these receipts to encourage residents to request them for every purchase from enterprises with an average monthly turnover of at least 200 000 TWD (~$6,200).<\/p>\n<p>Drawings are held every odd-numbered month live on air. The top prize goes to participants whose last eight digits of the invoice number match the drawn ones. Among these lucky winners was a MaiCoin user.<\/p>\n<p>Earlier in August, Vitalik Buterin, co-founder of Ethereum, <a href=\"https:\/\/forklog.com\/en\/news\/vitalik-buterin-receives-taiwan-employment-gold-card\">received<\/a> a residence permit in Taiwan.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A user of Taiwan&#8217;s MaiCoin bitcoin exchange won 10 million TWD (~$310,000) in the Uniform Invoices Lottery, after making a small trade on the platform with a fee of 2 TWD (~$0.06).<\/p>\n","protected":false},"author":1,"featured_media":85430,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1267,1203],"class_list":["post-85429","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-trading","tag-taiwan"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/85429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=85429"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/85429\/revisions"}],"predecessor-version":[{"id":85431,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/85429\/revisions\/85431"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/85430"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=85429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=85429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=85429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}