Want to participate in TGE but afraid of a BNB crash? A step-by-step guide on the official borrowing tutorial

1. Application Scenario:

Participating in the Binance Alpha sector’s TGE new offerings generally requires staking 3 BNB. If you are worried about buying BNB at a high price and selling it at a low price, you can consider borrowing BNB with an equivalent value of USDT. After the event ends, you can just return the BNB and interest to the lending platform.

2. Advantages:

You can avoid the BNB price fluctuations during the 2-hour period of participating in TGE.

3. Binance Borrowing Tutorial

(1) Transfer spot assets to the leverage account (full position)

(2) Click on Borrow—Select BNB—Input quantity—Confirm

(3) Transfer the assets from the leverage account (full position) to the spot account.

For example, during the last event with ID #Bitlayer , many people thought BNB had risen too high and were worried about a significant drop, so they chose not to participate. As a result, the BTR oversubscription was only 100 times, and those who received the airdrop should be able to gain significantly, and it only cost 10 points @BitlayerLabs