Don't participate in TGE through buying and selling anymore! Such losses won't get you any gains!
Generally, BNB will fluctuate significantly before and after TGE, so buying 3 BNB for a new investment and then selling usually results in considerable losses, with the maximum loss being around the new high of BNB, reportedly costing each person about 100 USD in losses.
So how can we participate in TGE without losses to maximize our profits?
1. Cross-platform borrowing of BNB:
You can borrow through cross-platforms like Gate, OKX, and other CEXs or on-chain platforms like Venus, where the interest rates are relatively low. OKX can be operated directly via the mobile app, while Gate requires web operation. The borrowing interest and staking rate on Venus are slightly lower compared to Gate and OKX, and Venus can be accessed through a non-custodial wallet. It is important to note that when repaying, due to the new investment, there will be a loss of BNB, and since borrowing incurs interest, you will need to transfer around 3.0003 BNB for repayment to cover the interest. Typically, TGE has a 2-hour window, so you can start borrowing half an hour before it ends.
2. BN platform leverage borrowing B: Go to the BNB/USDT spot interface, click 'Full Margin', transfer to the full margin account from the spot or fund account; enter the amount to borrow BNB 3 BNB (must transfer in more than 1.5 times the amount) and confirm to receive 3 BNB. If it does not display, you can refresh or withdraw funds to check if there are 3 BNB in the currency, and then you can withdraw it.
After participating in the TGE, return here and click repayment.
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