How to participate in $parti IPO without spot of $BNB ?
Buying BNB now will incur a drop in spot price after the BNB IPO. However, this time BNB investment can receive airdrops. It is recommended to use the following two methods:
Borrow $BNB from the exchange
Borrowing from Binance Exchange, process: Spot - Margin Account (Full Position) - Transfer - Loan (The transferred funds for 2x borrowed $BNB is sufficient. The interest rate is very low. Note to clear the rise of $BNB ), other exchanges can also be used.
Contract Short Hedge
Short 1x at original BNB price Buy $BNB at market price, then also short $BNB at the buy price in the exchange contract at 1X. If the funds are not enough for the same leverage, just ensure that the position price after opening is the same as the total amount bought, which can offset the loss caused by the decline in spot price after the IPO, perfectly balanced.
The above is an example of participating in the BNB IPO on Binance. Other exchanges or other IPOs can operate similarly. After having BNB, just transfer it to the Binance no private key wallet, participate in the IPO activities on schedule, link the wallet for staking, and after the IPO ends, return to the exchange to repay.
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