Recently, there have been many IDO activities on Binance Wallet, but everyone is facing a problem. Many players who do not hold BNB long-term are buying at high prices, and once the IDO activities end, the price of BNB drops, which significantly reduces profits. Now I will share a method that can basically solve this issue.

That is to open a contract for hedging.

For example, if you bought 3 BNB at 637 in the spot market, you could open a short position of 3 BNB at around 637 in the contract market. Once the activity ends, sell the spot and close the short contract position simultaneously. This way, the loss can be considered negligible. Remember to set the liquidation price a bit higher.