I found that many newcomers in the market do not understand what TGE is, so it is necessary to ensure that everyone understands.
Binance has pre-sale TGE and exclusive TGE.
Pre-sale TGE: the point requirements and point consumption are lower, but the unlocking time of the tokens is uncertain, after 2 hours of pre-sale activity, BNB will be returned, but the obtained tokens need to wait for the project launch to be unlocked and traded.
Exclusive TGE: the point requirements and point consumption are higher, tokens are unlocked immediately after the activity ends and can be traded, BNB is returned directly.
TGE: commonly known as an IPO, simply put, is when the project offers some quotas of tokens for everyone to buy at a low price; generally buying them is profitable, and how much you earn depends on the quantity and the fluctuation of the token price.
TGE requirements: these are the requirements set in collaboration with Binance and the project, for those who meet the point standards and hold BNB, it is not for everyone.
TGE operation process: hold BNB in spot, participate in the TGE activity, stake BNB, after the activity ends, BNB is returned, tokens from exclusive TGE can be traded immediately, if it is a pre-sale TGE, the obtained tokens must wait for the project launch to be unlocked and traded.
TGE risks: mainly the risk of fluctuation in the price of BNB, those who already possess can participate directly, while those who do not can opt for loans or hedge contracts to avoid the risk of price fluctuations.
Calculation of the amount and cost obtained in the TGE: each project token pool has a specified quota, distributed based on the BNB staked in the pool, the more people participate in staking, the fewer tokens you receive, the fewer people participate, the more tokens you will receive. The amount of tokens you receive multiplied by the individual cost of the token is the cost in BNB that will be deducted from you.
Cost of TGE: the cost of obtained tokens (each token has a corresponding cost in BNB, which can be checked in the activity interface), gas fee (usually not much), point consumption (no matter how many BNB you stake, it always consumes the same amount of points, so it is recommended to stake the maximum to be more advantageous).
