I participated in 7 exclusive #tge activities of Binance since March, including BMT, BR, $PARTI , KILO, FHT and other projects, and earned a total of 0.7 BNB, about 400 US dollars.
3 BNB became 3.7. I had 3 accounts participating at the same time. I earned 2.1 BNB in 2 months, which is about 1,200 US dollars.
This achievement is not very eye-catching in the cryptocurrency circle, it’s just a small amount of money, but for me who is looking for a safe way to grow, it makes me very happy.
Binance has recently focused on promoting web3 wallets and attracting new users by continuously launching new activities.
The TGE activities oversubscribed by more than 100 times in the first phase, and oversubscribed by 300-400 times in the subsequent phases, and the returns are getting lower and lower.
However, each account can only invest up to 3 $BNB to participate. For all players, they are at the same starting line. Binance accounts holding 300 BNB and Binance accounts holding 3 BNB have the same qualifications.
If you can invite your relatives and friends to register and verify Binance accounts, and at the same time hold a sufficient amount of BNB to allocate to each account to participate, you can get more.
Some people have participated in the Binance web3 wallet TGE event again and again, while others don’t even know what TGE is.
TGE stands for Token Generation Event, which is one of the ways for project parties to issue tokens and raise funds.
After Binance Web3 wallet was launched, some project parties cooperated with Binance Web3 and issued it exclusively on Binance. Binance Web3 wallet account is bound to Binance exchange account, and each account is KYC-ed, ensuring that TGE will not be overly concentrated in certain wallet addresses, allowing individual players to participate.
After players stake BNB, they are eligible to obtain new tokens in corresponding proportions and redeem new coins with BNB.
Each account can stake up to 3 BNB and has a 3 BNB quota, but because each activity is oversubscribed, basically each time you stake 3 BNB, you can only redeem new coins at a ratio of 0.01 BNB.
According to the 7 TGE activities I participated in, the returns were as low as 3 times and as high as 30 times, ranging from 20u to 300u.
I exchanged it for BNB as soon as possible. After TGE, it is possible that the price may fall below the issue price or even be halved.
As the TGE event became more popular, more and more people participated in it without paying any money. The event time was reduced from several hours to only 30 minutes.
From the initial announcement one day in advance to later announcements half a day or even a few hours in advance;
From no restrictions to later requiring account balances to be no less than $100, it still couldn't stop more and more people from taking advantage of the situation. It also meant that TGE returns were getting lower and lower, and it was possible that in the later stages, they could only double or break even.
Participating in TGE activities requires less investment, but you have to hold BNB, or someone borrows BNB from the platform and returns it after the event, and incur certain fees.
Some people also buy BNB directly, but BNB fluctuates, and it is possible that the TGE income is less than the decline, which is a potential risk.
But for BNB holders, they can participate with a small amount of BNB by clicking the mouse to accumulate BNB, or cash out each time and make a few dozen dollars.
Compared with contracts or on-chain MEME which can easily cost tens of thousands of dollars, TGE has lower returns and lower risks, but accumulating 20u30u over time is also the way many ordinary users in the currency circle play.
As the TGE event cycle is getting shorter and shorter, many people have missed the event. You can also follow the official announcement of Binance Square or the Binance Chinese Twitter account to keep abreast of new IPO information and not miss TGE.
After the event goes online, you will see the recommendation on the homepage of Binance web3 wallet, stake BNB, wait for the event to end, CLAIM new tokens and BNB, sell, and wait for the next opportunity.
You can also take a look and wait for the listing on the secondary market of Binance Exchange and look forward to future market conditions.
During this period, $BTC has been up and down, and recently fluctuated around 84k. No one knows whether the bull market is approaching or the bear market is coming. When you are unsure of the market trend, it is better to stay calm, hold the currency and wait for a clear market situation.
As long as the balance does not return to zero, there will always be opportunities as long as you stay in the market.
Binance launchpool, megadrop and TGE activities are all ways for the platform to give back to BNB holders, but the price of BNB also fluctuates closely with the market, which is unpredictable and involves risks.
If you are a long-term holder, regardless of short-term fluctuations, you may get good returns over a longer period of time.
You can also join the Chuxiao Chain Binance exclusive exchange group, follow the latest Binance platform activities, and learn web3 together.
