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