A profitable little trick with a decent win rate!

Every time there’s a new activity in the Binance Square, buying related tokens just before it gains high exposure is likely to be profitable!

I've been executing this operation for nearly a year, and the tokens I buy are generally ones I am more familiar with.

The most recent instance was on June 23rd when I bought $WCT (WCT's activity reward totaled 500,000 USD, which should drive some token price increases, right?)

After posting at that time, I also informed community friends that they could buy a little too.

At that time, community friends said: Buy 1K and wait for 10K.

I replied: Just take a taste and run.

I made about 10% profit and left; if I had held until now, it would still be 10%.

Meanwhile, I am also observing the subsequent actions of @WalletConnect ; from the perspective of a DeFi player, holding tokens without earning interest is still a bit uncomfortable.

WCT tokens can also be staked; actually, my first reaction is to hedge through staking, but the current annual yield is only 22%, which is not very attractive.

However, the staking volume of WCT is somewhat ridiculous, at 120 million, while the total circulating volume of tokens is only 187 million.

Could it be that this portion of tokens is staked by the node operators of #WalletConnect ? (I am not clear on the node operation logic).

But according to the current token circulation, the actual circulation is only about 67 million (187 - 120 million), and the circulating market value is 61.63 million; this portion of circulating tokens should exclude those used for market making.

Converting the circulating tokens to market value, 1 WCT ≈ 1 USD? Yet the current token price is only 0.3 USD! I can only say, enlightenment achieved!

Finally, I want to praise, the graphics of WalletConnect are really well done, Flywheel DAO likes them a lot, 👀

Note: The above is just information sharing, not investment advice, please do your own research!

DeFi Enthusiast: BitHappy