We publish tutorials every issue to inform everyone about mining! Binance’s benefits have always been very good~
Last time, some of our guys used BNB for mining, and some used FDUSD (stable currency = USDT).
However, it is possible that BNB mines more coins than stablecoins, so it is also a good choice for friends to invest in BNB in stages!
1. We will introduce the detailed mining tutorial of the 51st project!
Saga is a Layer 1 that allows developers to develop parallel, interoperable, specialized chains called “Chainlets” for different virtual machines, providing unlimited scalability for applications.
#SAGA is the native utility token of the Saga protocol and is used for the following functions:
Payments for Chainlets: Developers pay network validators in $SAGA tokens to instantiate and keep their Chainlets alive.
Staking: Stakers help secure the network and receive rewards in $SAGA tokens and tokens of projects built on the Saga Protocol.
Governance: $SAGA token holders will be able to vote on network governance decisions.
The Saga protocol is a fully decentralized proof-of-stake chain. Each Chainlet has the same validator set and security model as the Saga mainnet.
2. How to participate in SAGA mining?
3. I am right#SAGA Coin price thoughts and project views
First of all, the total supply of SAGA is 1 billion, and the initial circulation supply at the time of listing is about 90 million, accounting for about 9% of the total token supply. Based on the previous circulation market value of new coins launched online, which is initially between 300 million and 500 million US dollars, we can roughly calculate that the coin price is more reasonable between 2.8U and 5U.
4. One Hundred Thousand Whys
1. Can I use BNB and FDUSD to mine at the same time? Answer: Yes.
2. How can I mine if I don’t have FDUSD but only USDT?
A: You can find FDUSD/USDT in the spot trading interface, and then exchange it at a 1:1 ratio. Please note that there may be some slippage in the exchange. For example, 100,000 USDT may be a few hundred U less when exchanging 100,000 USDT for FDUSD of the same value. This is normal. So try not to buy and sell FDUSD and USDT frequently. It is best to mine for a 7-day cycle. You will make money when you exchange it back to USDT later. The most important thing is that there is no risk.
3. The price of BNB is rising now. If I buy BNB and start mining, what should I do if BNB drops after the mining is over?
A: This involves whether you plan to hold BNB for a long time and whether you know how to trade. At present, BNB is very strong, with a support level of around $500. If you want to stock up some BNB for future mining, you can set up an ambush position in advance at the mid-line of $500 and $380. Then you will not only make money by buying BNB at the bottom, but also make money by participating in mining!
5. Summary of experience + review of classics
Binance is an exchange established in 2017. It has been leading the crypto industry for many years in a row. Binance's daily trading volume is more than the sum of the second and third ranked exchanges!
In November 2020, Binance launched the AXS mining project. In one year, the token soared from 0.12U to 165 US dollars, an increase of more than 1,200 times, driving the blockchain game craze in this crypto industry!
In March 2022, Binance launched the STEPN mining project. The token GMT soared from 0.01U to 4.15 US dollars in 2 months, an increase of 415 times, which led to the blockchain game craze of making money while exercising at that time!
In 2024, the cryptocurrency market is in a bull market. BNB holders not only tripled their spot price, but also continued to participate in the mining of new coins, and their assets have soared! When BNB was at the bottom of 230U, our Sanma brother almost shouted every day for you to buy the bottom + recharge your faith. Now faith has turned into pure silver!
Follow Sanma Ge, and you won’t get lost in the cryptocurrency circle~#SAGA
