As a beginner-friendly blogger in the crypto world, Zhou Zhou must explain the concept of 'TGE' that beginners often find confusing!
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First, understand the core: what exactly is TGE?
TGE, in simple terms, is the 'new coin offering' in the crypto world — the project team offers a portion of tokens for everyone to subscribe at a lower cost. Buying such opportunities is basically profit, and how much you earn depends on the quantity you grab and the subsequent increase in coin price.
In simple terms: buy new coins at a low price and sell them at a high price after listing. This is the core logic of TGE.
What are the differences between the two types of TGE often mentioned in the crypto world?
Common 'pre-sale TGE' and 'exclusive TGE' on Binance, beginners shouldn't mix them up:
- Pre-sale TGE: low threshold (fewer points requirements and consumption), but tokens cannot be sold immediately. After the 2-hour activity ends, the staked BNB will be refunded, but the acquired tokens can only be traded after the project officially goes live and is unlocked, with the unlocking time being uncertain.
- Exclusive TGE: high threshold (more stringent points and consumption requirements), but with obvious advantages — as soon as the activity ends, the tokens are directly unlocked for trading, and BNB is immediately refunded, allowing for immediate operation, maximizing flexibility.
Want to participate in TGE? You must know these rules.
1. Not everyone can participate: TGE is an activity in collaboration between Binance and the project team, open only to users who meet the 'points standard + hold BNB' criteria; you must meet these two hard conditions first.
2. The operation process is super simple:
- Have BNB in spot (must be spot!);
- Stake BNB during the activity;
- After the activity ends, the original amount of BNB will be refunded, and tokens will be credited (exclusive TGE can be traded immediately, pre-sale TGE must wait for unlocking).
Risks and costs, a must-read for beginners!
- Risk points: mainly come from the price fluctuations of BNB itself. If you already have BNB, just participate directly; if not, you can reduce the impact of fluctuations through borrowing or contract hedging.
- How to calculate costs?:
- Token cost: how much BNB corresponds to each token will be clearly stated on the activity page, deducted based on the quantity you receive;
- Small gas fee: can basically be ignored;
- Points consumption: no matter how much BNB is staked, the points consumed are the same, so it's recommended to 'max out' for better value!
- How many tokens can you get?: Look at the total share of the project token pool, distributed according to the proportion of BNB staked by everyone. The fewer participants, the more you get; if there are many participants, the share gets diluted.
Now you should understand, right? Follow Zhou Zhou, and in the future, I will explain all the small knowledge points in the crypto world to you in plain language~ The goal is to reach 10,000 followers, so I rely on everyone!
