#Binance Launchpool BIO Who is borrowing coins to mine BIO? I roughly calculated the mining cost. If you directly buy $FDUSD to mine, the cost of one BIO is about 0.37U. If you borrow BNB to mine, some places have an annual interest rate of 25%, while others have an annual interest rate of 35%. It turns out that the cost of one BIO can be as high as 1U, even 1.4U. So, who is bold enough to do this?
Of course, if you already hold fdusd and $BNB, this cost is negligible.
This mining will last for 10 days, with a total token supply of 3.32 billion, and a total mining volume of 3% of the tokens. The initial circulating supply is about 39.5%, and the tokens in the treasury can only be used after voting, which may actually be 24.05%. The circulating supply is already quite substantial.
So, BIO is considered a leader in the scientific track, but is borrowing BNB to mine too risky? Or did I calculate incorrectly?
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