I find that many newcomers in the market do not understand what TGE is, so I must make sure everyone gets it. Remember to follow me and help me reach 10,000 followers, becoming a babysitter-style blogger in the crypto world!!!
Binance has presale TGE and exclusive TGE
Presale TGE: The points requirement and points consumption requirement are lower, but the token unlock time is uncertain. After the 2-hour presale event ends, BNB will be refunded, but the obtained tokens need to wait for the project to go live before they can be traded.
Exclusive TGE: The points requirement and points consumption requirement are higher; tokens are unlocked immediately after the event ends and can be traded, with BNB directly refunded.
TGE: Commonly known as new token offerings, simply put, it is when the project party offers some token shares for everyone to purchase at a low price. Purchasing these is generally profitable; how much you earn depends on the quantity you buy and the price fluctuations of the token.
TGE requirements: These are the requirements defined by Binance in collaboration with the project party, for those who meet the points criteria and hold BNB; not everyone can participate.
TGE operation process: Hold BNB spot, participate in the TGE event, stake BNB, BNB will be refunded after the event ends, tokens from exclusive TGE can be traded immediately, while tokens obtained from presale TGE must wait for the project to go live before trading.
TGE risks: The main risk is the price fluctuation of BNB. Those who hold can participate directly, while those who do not can choose to borrow or hedge with contracts to avoid price fluctuation risks.
TGE quantity and cost calculation method: Each project token pool has a specified share, distributed based on the staked BNB in the pool. This means that the more people participate in staking, the fewer tokens you will receive; the fewer people participate, the more tokens you will receive. The number of tokens you obtain multiplied by the per-token cost is the BNB cost you will be deducted.
TGE cost: The cost of the tokens obtained from new token offerings (each token has a corresponding BNB cost, which can be checked on the event interface), gas fees (which are usually minimal), and points consumption (no matter how many BNB you stake, the same amount of points is consumed, so it's recommended to stake the maximum for the best value).
