This time is a bit different, for the first time you can mine using USDC, and a limit-up mechanism was introduced at the opening.

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For the first time using USDC for mining, the mining weight of 48932936849 and FDUSD has been reduced. USDC has a large market value and many users, almost double the amount of FDUSD being mined. Previously, it was noted that the relationship between USDC and Binance had alleviated, turning into a strategic partnership. It is estimated that USDC will still be used for mining in the future, as it can also bring users to the exchange; with the same output, FDUSD efficiency will be much higher, but if held, it may drop significantly after mining. If I were to hold a stablecoin for mining, I would probably hold USDC.

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For the first time, a limit-up mechanism has been introduced. Let's see how much the opening price is set; it’s estimated it won’t be very high. After the limit-up, there may be no trading volume, but it is pre-market trading. In the first three days, the highest could be four times; if one can buy in, there should be a profit.

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Currently, the pre-market price of RED in other places is around 1.1U. If you do not hold the three mining assets but hold other assets, you can try to borrow FDUSD or USDC to participate, just be careful not to get liquidated. The cost should be below 0.7U, and borrow from Binance, with an annual interest rate below 25%.