#Launchpool #ENA #Saga #HotTrends
In the last Ethena IPO event on Binance, you can get ENA tokens for free by staking BNB or FDusd;
After the event ends, BNB and FDusd will not be lost and will be directly returned to the spot account. The ENA obtained from the new issuance can be sold to obtain profit after the token is launched.
The Ethena mining cycle is 3 days. Staking 10,000 FDusd will earn you 330 ENA. According to the current ENA price of 0.98 USD, you can earn 3ku by investing 10wu, and the return in 3 days will reach 3%.
There is a boss in the group who entered the circle from a traditional industry. He invested 100wu and pledged it in the pool. He earned 3wu in 3 days and felt that the crypto market was really a money-making market.
Recently, new IPO activities have been frequently launched on various platforms. By staking platform tokens or stablecoins, you can obtain new tokens.
Binance is currently conducting a 4-day SAGA IPO, from April 5 to April 8. The SAGA token trading pair will be launched at 22:00 on April 9.
Saga (SAGA) is a Layer 1 that helps developers quickly launch dedicated chain Chainlets.
In the early stage of project interaction, medal holders and users who stake ATOM, TIA and MATIC will receive certain airdrops.
How to participate in the platform’s new listing activities?
Generally, Binance will announce Launchpool activities in advance, and you can stake the corresponding tokens on the Launchpool page to start mining.
In Binance's new IPO event, users can participate by holding BNB or FDusd. There is no loss in investing in staked tokens, and they will automatically return to the spot wallet after mining is completed.
BNB and FDusd will rise before each new offering is announced. After the recent rounds of staking mining, the price of BNB has visibly risen from over 300 to over 600 US dollars, doubling in 2 months.
FDusd is also a stable currency. The daily exchange rate for USDT is around 1:0.998. Before the new issuance activity, the FDusd/USDT trading pair was negotiated to around 1:1.005.
When exchanging, you need to consider price fluctuations to see whether they can cover the gains from new issuance.
If you are buying BNB and are not a long-term holder, you also need to consider the large volatility of BNB.
What are the profits from new listings on the platform?
The income and cycle of each new issue vary, depending not only on the total amount of mining in the pool, but also on the price of the token after it goes online.
For example, in the last ENA new issue, the cycle was 3 days, and 330 ENA was obtained by staking 10,000 FDusd;
The launch price of ENA is around US$0.5, and the current price is US$0.9. The staking income will be different at different selling times.
This round of SAGA new issuance has a cycle of 4 days. Staking 1WU can obtain approximately 35 SAGAs, but the listing price of SAGA is unknown, and it is unknown what the expected returns in the future will be.
The previous IPOs of ETHFI, AEVO and PORTAL all had good returns.
What are the risks of listing new shares on the platform?
The biggest risk of buying new shares is that the platform runs away, or BNB and FDusd plummet, and the exchange back to USDT is worthless. This is a black swan event in the market.
Therefore, choosing a large platform's new stock activities is relatively less risky, but this is also a potential risk.
Another is the risk of income. If the price of new coins mined is not ideal and there are large fluctuations during exchange, it is possible that the income will not be enough to cover the expenses, and the staking income will be far lower than the loss from the fluctuation.
In general, participating in the platform’s new IPO activities is a relatively safe way to play. If you have a certain amount of capital accumulation, the mining income is still considerable.
Of course, some people pursue a 10-fold return in 2 days, and the income from new listings is too stable; or compared with the mining income in the defi market, the platform's new listings are just a drop in the bucket.
Also choose the appropriate gameplay based on your personal strength.
If you hold USDT on a regular basis, you can also pledge it in financial management to obtain an annualized return of 6%-30%. If there are new listings, you can exchange it into FDusd to participate in the activities.
The crypto market is moving towards a bull run, and there are more opportunities in it.
Some people play in the primary market, some play in contracts, some do holder value investment, and some do swing trading, buying low and selling high.
Choose a gameplay that suits you and study one of them in depth, and you may get good returns.
The market is cyclical. Seize cyclical opportunities and don’t waste the bull market.
The above is just my personal opinion, not investment advice. I am Chu Xiaolian, and I am paying attention to the crypto market and web3.
