One article tells you how to participate in Myshll's new listing on Binance Wallet without risk?
Last time the Binance Wallet @BinanceWallet's new listing of $Bid opened at least 4 times, and the maximum could reach 15 times, but due to the limitations on the number of participants and speed during the last event, many people didn't get a share. I was lucky to receive a big red envelope of 1500U.
This time @myshell_ai is conducting an IDO on Binance Wallet in an oversubscription format, which will end tonight at 10 PM, immediately starting TGE with a personal hard cap of 3 BNB. I personally recommend going all in!
This time Myshell's issuance plan aims to raise 800,000 USD in BNB, issuing 40 million SHELL tokens, accounting for 4% of the total supply. This means the FDV of this IDO is only 20 million, providing a particularly high cost-performance ratio!
As of before I posted this, this IDO has already been oversubscribed by nearly 4000%.
Many people may hesitate, thinking this is just a small gain and not worth the effort.
But I believe that the current market hotspot is on BSC, do not miss out on small profits, and do not avoid making money just because it's a small amount. Every hotspot in the market must be participated in to develop precise analytical skills and project judgment capability, and to have a keen sense of hotspots, in order to make money.
So how can one participate in this new listing without risk?
1. Hedge BNB
2. Borrow BNB
1. Hedge BNB
First, assume you buy 3 BNB from the exchange at a price of 700U, with a total cost of 2100U, then transfer these 3 BNB to the Binance Wallet for the new listing.
Immediately, at the exchange, short sell these 3 BNB at the price of 700U as a hedge. Of course, you can also short sell with 10X leverage (just ensure you short sell the amount of BNB you bought), but you need to add more margin to avoid liquidation.
This way, regardless of whether BNB goes up or down (it is highly likely to drop after the new listing), you won't incur losses on the BNB you hold because if BNB rises, your purchased BNB will profit, and if BNB falls, your short position will make money.
2. Staking and Borrowing BNB
Go to Binance, choose 'Staking and Borrowing', and you can stake BTC/USDT/ETH and other coins to borrow BNB.
Currently, the hourly interest rate for borrowing BNB is 0.001%, which is almost negligible; just return it after the new listing.
I believe that even the smallest profit is still profit, and it is necessary to participate to maintain sensitivity to the market.
Since you have read this far, why not give a like and follow? $BNB