The Mitosis Booster event of the Binance wallet will end tomorrow (9/9). Unlike the first phase event where rewards were distributed on the day of TGE, this second phase will distribute rewards on the BNB chain within two weeks after the event ends.
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The price of MITO is likely to remain close to the $0.2 range in the short term.
Due to a prerequisite for the distribution of rewards in the Binance wallet's Mitosis Booster event, half of the rewards will be distributed on the day of distribution, and the decision to distribute the other half will be based on the token's value.
The trigger price for this rule is $0.2, so there is a high probability that market-making and other means will stabilize the price above $0.2.
Note: During the first-phase reward distribution, the MITO token quickly dropped below $0.2 due to selling pressure, and then was pulled back above $0.2 and maintained in that price range.
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Binance's MITO spot trading event has a total prize pool of 2,650,000 MITO
If the rewards for the second phase are distributed in the next few days, or if you haven't sold your first phase rewards, you can participate in Binance's MITO trading event.
Time: 2025/9/1~2025/9/15 17:00 UTC+8
Trading volume: Activity one requires more than $300 worth of MITO, activity two requires more than $500 worth of MITO
Before participating, don't forget to click 'Participate in the event' on the event page!
Note: Activity one is limited to the first 21,200 users and is already full.
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Mitosis official website staking MITO, current annualized about 25%~30%
Currently, Binance has opened up MITO's Mitosis mainnet deposit and withdrawal, and the withdrawal fees are very low. If you plan to hold MITO for a long time, you can transfer to the chain and stake with the verification node on the Mitosis official website.
The path is as follows:
1. Enter Mitosis dApp
2. Select 'Stake' in the upper left hyperlink
3. Choose a verification node provider you trust
4. Stake your MITO/gMITO/tMITO
If you don't know how to choose, you can follow most stakers and select the official-backed "Mitosis Foundation" or "Morse DAO", or make your own choice based on specific node providers, interest rates, and other factors.
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Summary
Since Mitosis went live on the mainnet only during the TGE, it is difficult to predict the future development and potential of the chain's ecosystem. The safest way is still to cash out, whether through Binance wallet activities or participants in Mitosis's own airdrop.
If trading, the short-term price speculation point will be the aforementioned $0.2, so take advantage of this golden key period.
If you are staking, remember that withdrawing your stake requires a seven-day cooling-off period, so don't lock in assets blindly just for high interest rates.
As for Binance's spot trading activity, it requires a trading volume of $500, which will inevitably require users to increase their holdings for trading, and this part should be evaluated for cost-effectiveness.
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※ The above content does not constitute investment advice. Users should operate based on their own risk tolerance, and DYOR to participate cautiously in the investment market.
※ The attached image is sourced from Mitosis and Binance
