Guide to Participating in Binance Wallet TGE
Currently, Binance programs such as Launchpool, Launchpad, or Holder airdrop all require a considerable amount of BNB to participate if you want to profit. However, fortunately, recently Binance has a buying program on Binance Wallet with a profit margin of 50-100$ with very low risk. Below is a guide to participating in the event for you to earn some money.
Based on previous TGEs like MyShell, Bubbles Map Token TGE, the general requirements will be:
- Sale method: Oversubscribed
- Max Deposit: 3 BNB, any excess will be returned
However, there is one risk that if everyone buys BNB to participate, then after the event ends, BNB will decrease.
=> To avoid the risk of decline, there are usually 2 methods.
The first is to hedge the position.
If you buy 3 BNB, you should immediately short 3 BNB to ensure that after BNB decreases, you won't incur losses.
The second method is to use lending platforms like Aave or Venus.
Both of the above methods incur a small fee, and if things go well, you can earn about 100u if you deposit the maximum of 3 BNB.
