Recently, there have been many IDO activities on Binance wallet, but everyone is facing a problem: many players who do not hold BNB for the long term are buying at high prices. After the IDO activities end, BNB will drop, resulting in a significant reduction in profits. Now, I will share a method that can basically solve this problem.

That is to use futures contracts for hedging.

For example, if you bought 3 BNB at a spot price of 637, then you should open a short position of 3 BNB near the 637 futures price. When the activity ends, you can sell the spot and close the futures short position simultaneously. This way, the loss can be negligible. Remember to set a higher liquidation price to ensure safety.