Insights and Experiences from Binance Wallet TGE IPO

As an active user participating in the Binance wallet TGE IPO, I was fortunate to participate in multiple projects and accumulated valuable experiences and insights. Here is my comprehensive sharing after 9 periods.Sharing after the experience.

1~ Binance Wallet IPO

The Binance wallet's TGE (also known as Binance IPO) provides users with the opportunity to participate early in high-quality projects. These projects typically raise a small amount of BNB at a low valuation and distribute tokens to users, completing the accumulation of early users. For investors, this is not only a low-cost way to acquire high-potential assets but also leverages Binance's traffic effect, anticipating subsequent appreciation of the projects.

2. Participation Process and Operating Experience

1. Registration and KYC Certification: Participation in TGE requires a real-name Binance account. The KYC certification process is relatively strict, but it is an important step to ensure transaction security.

2. Create Wallet and Prepare BNB: Create a Web3 wallet in the Binance App and transfer 3 BNB to the wallet. When withdrawing, select the 'BNB SMART CHAIN (BEP20, which is BSC)' network.

3. Entry and Participation: Follow Binance's official channels (such as Twitter) to get the latest TGE information. Enter the activity page of the Binance wallet and stake 3 BNB to participate.

3. Returns and Risks

1. Earnings Situation: Based on the several TGE periods I participated in, the returns were quite considerable. For example, the return rate of the first phase MyShell reached 3412%, the second phase Bubblemap was 1250%, and the third phase BedRock was 705%. However, as the number of participants increased, recent returns have declined, with the latest KiloEx having a return rate of 1130%, and the subsequent profits are decreasing as many studios join the IPO.

2. Risk Reminder: Although TGE projects usually have high expected returns, there are also risks involved. Project tokens may face market fluctuations after going live, and some projects may not meet expected performance.

4. Project Quality and Community Participation

1. Project Screening: Binance's screening of TGE projects is relatively strict, usually selecting innovative and potential projects. For example, KiloEx is a decentralized perpetual contract exchange exclusively incubated by Binance.

2. Community Activity: The user group participating in TGE is active, and the community shares project analysis and investment strategies, which helps investors make more informed decisions.

5. Summary and Suggestions

1. Worth Participating: Based on multiple periods of experience, the TGE IPO in the Binance wallet is a highly cost-effective investment method, especially suitable for investors with a certain understanding of the cryptocurrency market.

2. Reasonable Planning: It is recommended that investors allocate funds reasonably based on their risk tolerance to avoid overly concentrated investments. At the same time, pay attention to project dynamics and market trends, and adjust investment strategies in a timely manner.

3. Continuous Attention: The TGE activities in the Binance wallet are still ongoing, and there may be more high-quality projects launched in the future. Investors should stay alert and seize early investment opportunities.

6. Currently, after completing the project IPO, a phenomenon occurs where users sell off, causing the token's K-line trend to decline. We can change the rules of the IPO here; starting from the 9th period, this qualification rule has been modified, but many studios are still joining, which is extremely unfavorable to the market.