We publish tutorials in 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 this 50th project!
Ethena is a synthetic USD protocol built on Ethereum that will provide a crypto-native solution for currencies that do not rely on traditional banking system infrastructure, as well as a globally accessible USD-denominated savings instrument - "Internet Bonds".
Ethena’s synthetic U.S. dollar USDe will provide the first censorship-resistant, scalable, and stable cryptocurrency-native solution for funding enabled by delta-hedged Ethereum collateral. USDe will be fully transparently supported on-chain and freely composed throughout DeFi.
The stability of the U.S. dollar peg is ensured by using delta-hedged derivative positions against the collateral held by the protocol.
The “Internet Bond” will combine the returns from staking Ethereum with funding and basis from perpetual and futures markets to create the first on-chain crypto-native “bond” that can serve as a USD-denominated savings vehicle for users in permissible jurisdictions.
2. How to participate?
Then you can see our ongoing Ether.Fi project mining. After the mining is completed, the BNB or FDUSD we invested will automatically return to our spot account.
3. I am right#ENA Coin price ideas and project views
First of all, the total supply of ENA is 15 billion, and the initial circulating supply at the time of listing is about 1.425 billion, accounting for about 10% of the total token supply. Then according to the initial circulation market value of new coins launched in the past, which is between 200 and 300 million US dollars, we can roughly calculate that the currency price is between 0.15U and 0.8U, which is more reasonable.
4. One Hundred Thousand Whys Questions and Answers
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?
Answer: You can find FDUSD/USDT on the spot trading interface, and then exchange it 1:1. Please note that there may be some slippage in exchange. For example, if you exchange 100,000 US dollars of USDT for FDUSD equivalent to 100,000 US dollars, you may lose a few hundred U. This is normal. Therefore, try not to frequently buy and sell FDUSD and USDT. It is best to complete the mining cycle of 7 days. Later, you will still make a profit by exchanging it back to USDT. The most important thing is that there is zero risk~.
3. The price of BNB is rising now. What if I buy BNB and start mining, but then BNB falls?
Answer: This involves whether you plan to hold BNB for a long time and whether you know how to trade. At present, BNB is gaining momentum, with support at around $500. If you want to hoard some BNB to prepare for future mining, then you can set up a good position in advance at the mid-line of $500 and $380. Then you not only make money by buying BNB at the bottom, but you also make money by participating in mining!
5. Summary of experience + review of previous classics
Binance is an exchange established in 2017 and has been leading the crypto industry for many years. Binance’s daily trading volume is more than the second and third place combined combined!
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, the mining STEPN project launched by Binance, the token GMT, skyrocketed from 0.01U to 4.15 US dollars in 2 months, an increase of 415 times, which promoted the blockchain game of making money while exercising at that time. upsurge!
Follow Brother Sanma and don’t get lost in the cryptocurrency circle~
#ENA
