⚠️Believe it or not but a lot of people lose money in #ENA Lauchpool ⛏️⚠️
🚨In this post we will discuss:
When to Leave ENA mining and how much to stake $BNB Vs $FDUSD 🚨
There are several factors to account for regarding the Binance Lauchpool, and the biggest one is probably the $BNB market fluctuation.
When Binance launched #ENA Lauchpool BNB was around 590 USDT and is now at 605.
What does this mean?
It means that a lot of people bought BNBs for 605 in order to get into the mining.
Ok, and is that bad?
Let's say I have 605 USDT and I go buy 1 BNB at 605 to stake in the Lauchpool.
by the end of the project let's say I have 5 ENA mined. When the project ends everyone and their mother's will sell BNB and it will drop probably below 590.
So If I sell my BNB at 580 and gain 5 ENA (worth 2 USDT each) by the end of the Lauchpool project I will have 590 USDT and I started with 605.
That is a 15 USD defice!
This is the reality for a lot of people that participate in the Lauchpool!
So what can we do to avoid this.
There are 2 steps one can do to avoid losing money.
1 - You have BNB bought before the launchpool announcement.
2 - You sell your BNB before the end of the Lauchpool.
Any of these steps will help you a lot to avoid losing money.
Now I want to talk about something else, and that is the amount of Earn of FDUSD vs BNB.
For my personal staking experience I noticed that FDUSD has only 20% rewards and BNB hás 80% rewards but I'm winning a lot more with my staked FDUSD than with my BNB.
