The latest exclusive IDO of Binance Wallet has ended. Did you get '反撸' (reverse harvest)?
Many people complain about '反撸', but in fact, most people just feel that the earnings are too low. True '反撸' is not easy; it usually involves direct spot trading without hedging. Buying at the peak and selling at the bottom.
In the early days, IDO profits generally started at $100. Now, the multi-device harvesting by studios has become quite sophisticated. The number of participants has basically reached 200,000 each time, and profits have gone from fishing in the sea to pork trotter rice.
Group members have shifted from preparing for IDOs to aiming for long positions based on announcements and shorting BNB one hour before the IDO.
There are only a few common hedging methods for $BNB in the market.
The first method is to directly buy BNB spot and then use part of the USDT to open a short contract for hedging. For example, if you borrow 3 BNB, you can spend $300 to open a 6x short perpetual contract for BNB.
The second method is to borrow on various platforms, using assets worth more than 3 BNB to borrow BNB, which can at least keep you from being liquidated.
