⚠️ Believe it or not, many people are losing money in#ENALaunchpool⛏️⚠️
🚨 Let's discuss when to exit ENA mining and how much to bet on $BNB vs $FDUSD 🚨
When Binance launched #ENALaunchpool, $BNB was around 590 USDT, but now it is 605. What does this mean? That means people bought BNB at 605 to participate in mining.
💡 But here's the catch: When the project ends, people can sell $BNB, causing its price to drop below 590. So, if you start with 605 USDT and end up with 5 ENA (worth price 2 USDT per ENA), you would have 590 USDT, resulting in a deficit of 15 USD!
To avoid this, follow these steps:
1️⃣ Bought $BNB before Launchpool's announcement.
2️⃣ Sell your $BNB before the end of Launchpool.
Now, let's talk about rewards: FDUSD only has 20% rewards, while $BNB has 80%, but FDUSD staking can often yield more rewards. Therefore, bet more FDUSD to win more ENA and avoid $BNB volatility.
Hope this article helps! And remember, interactions like likes, comments, shares, or tips help build a supportive community and spread useful information. 🌟
