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What is binance api marketplace?
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SXt to 0.5$, who knows. #ShareYourTrades $BNB $KERNEL $SXT
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Special thanks to Bera
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Stupid hedge master, scammer.
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Let’s say you have some dollars lying idle in your wallet, not invested anywhere at the moment. Then this might be the right opportunity for you. You can buy the SXT token in the Spot market. After buying, go to Binance Earn and stake it, where you’ll receive a 27% staking reward. Since this is flexible earning, it means you can unstake theb tokens anytime and bring them back to your wallet. Now, this SXT token is new. Since the majority of tokens have been distributed via airdrop, it’s natural for the public to dump them. So, here’s what you can do — whatever amount of SXT you buy in the Spot market (let’s say you buy $1000 worth of SXT), go to the Futures market and open a short position with $100 at 10x margin. On one side, you’re earning 27%, and on the other side, you’re also receiving funding fees by shorting in the Futures market. The more dollars you have, the more reward you can earn. According to my analysis, there’s hardly any risk of loss in this setup — you will likely make some profit. Anyway, here are some quick facts about the token: • Total supply is 5 billion • Around 1.4 billion tokens (28%) have already been unlocked, mostly given away via airdrop • Chainlink stakers alone received 1 billion tokens as airdrop • Binance Launchpool distributed around 240 million tokens as well Summary of the token’s valuation: • FDV (Fully Diluted Valuation): $700 million • Current Market Cap: $180 million • Seed round investment: around $50 million • Largest investor: Microsoft’s M12 The purpose of this token is SQL-based data retrieval with Zero-Knowledge (ZK) proof. So, you can consider this a data-related token. Another token in the data and SQL space is GRT, but its performance hasn’t been great. Also, GRT is likely China-based — though you should double-check that, I’m saying it from memory. That said, there are very few data analytics-related tokens in the crypto market. So, we’ll need some more time to understand what kind of demand SXT might generate. #sxtreward #SXTLaunch
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