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Make Your First Futures Trade and Invite Your Referrals to Binance Futures to Share 700,000 ENA! Following the launch of the latest Ethena (ENA) Launchpool, Binance Futures is thrilled to announce a new promotion for Ethena to reward the community! New futures users and their referrers may participate in this promotion to share a total prize pool of 700,000 ENA. Register Now Promotion Period: 2024-04-01 08:00 (UTC) to 2024-04-07 23:59 (UTC) Promotion A: Make Your First Futures Trade & Share 500,000 ENA All new futures users who register for the promotion, make their first futures trade and reach a cumulative futures trading volume of at least 100 USDT equivalent during the Promotion Period, will qualify to receive the following rewards: Rankings by the Time of Fulfilling the Given Criteria Reward per Eligible User 1st - 10,000th Places 40 ENA All Remaining Eligible Participants An equal share of 100,000 ENA, capped at 40 ENA  *Note: New futures users are defined as existing Binance users who have not made a futures trade on Binance prior to the start of the promotion. Promotion B: Get Your Referrals to Make Their First Futures Trade & Share 200,000 ENA  Referrers who register for the promotion will qualify to receive 40 ENA tokens for every qualified referral who makes their first futures trade during the Promotion Period on a first-come, first-served basis. Please note that only existing Binance referrals who have not made a futures trade on Binance prior to the start of the promotion will count as qualified referrals. A total of 200,000 ENA tokens are available in Promotion B.  #Write2Earrn #ENA
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Making money on Binance, or any other cryptocurrency exchange, involves understanding the market and taking calculated risks. Here are some ways people typically try to make money on Binance: 1. Trading Cryptocurrencies: This involves buying cryptocurrencies at a lower price and selling them at a higher price. Traders often use technical analysis, chart patterns, and market trends to make informed decisions. 2. Day Trading: Day traders buy and sell cryptocurrencies within the same trading day to take advantage of short-term price fluctuations. This requires closely monitoring the market and making quick decisions. 3. Swing Trading: Swing traders aim to capture short- to medium-term gains by holding onto cryptocurrencies for a few days or weeks as they fluctuate in price. 4. Margin Trading: Binance offers margin trading, which allows users to borrow funds to trade larger positions. While this can amplify profits, it also increases the potential for losses. 5. Futures Trading**: Binance Futures enables users to trade cryptocurrency derivatives with leverage. Similar to margin trading, this can increase potential gains but also magnify losses. 6. Staking: Some cryptocurrencies on Binance can be staked, allowing users to earn rewards by holding them in a Binance wallet. Staking typically involves locking up a certain amount of coins to support the network and receive rewards. 7. Participating in Initial Coin Offerings (ICOs) or Initial Exchange Offerings (IEOs)**: These involve investing in new cryptocurrency projects at an early stage with the hope that their value will increase over time. However, these investments can be highly risky and speculative. 8. Arbitrage: Arbitrage involves exploiting price differences of the same cryptocurrency on different exchanges. Traders buy the cryptocurrency at a lower price on one exchange and sell it for a higher price on another exchange, profiting from the price gap. #Write2Earrn
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