A penny commission brought the crypto trader a win of $310,000

Is NFT an investment?
Is NFT an investment?

A user of the Taiwanese Bitcoin exchange MaiCoin won 10 million TWD (~$310,000) in the tax lottery by making a small transaction on the platform with a commission of 2 TWD (~$0.06).

“Who said retail users can’t profit from trading cryptocurrencies?” wrote researcher Paul Huang.

In order to increase tax revenues in the early years of the state’s existence, the Taiwanese authorities introduced the option of unified invoices. This is a type of receipt that merchants give to customers when selling goods and services. The document is kept by both parties.

In 1951, the government launched a lottery of these receipts to encourage residents to receive them for every purchase from businesses with a monthly turnover of at least 200,000 TWD (~$6,200).

Draws are held every odd month on live television. The maximum winnings are received by participants whose last 8 digits of their invoice numbers match those drawn. MaiCoin user was among these lucky ones.

Let us recall that in August, Ethereum co-founder Vitalik Buterin received a residence permit in Taiwan.

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