#pepper
I should be the first on the internet to recommend CHZ and pepper.
Successfully predicted that Binance would support the pepper airdrop.
I also earned over 10,000 USDT through contract long and short trading.
Check the article on the layout of CHZ and the dual benefits of long and short.
🌞 Why I invested in CHZ:
It started because the fan coin OG suddenly launched.
But I didn't dare to chase the price, of course, I missed out on over 4 times.
So I went to research why it rose.
I couldn't find the reason, but I saw CHZ was about to hatch a meme project.
Based on Floki's experience, Binance supports airdrops and then skyrockets.
So I chose to invest in CHZ.
🦄 0.0619 recommended in the group CHZ bought at the bottom.
A few days later, Binance announced support for the pepper airdrop.
It then started to rise to 0.74, earning 5,000 USDT.
During the first and second airdrop snapshots, I earned 5,000 USDT from shorting.
And I didn't even short at the bottom.
🍺 However, this review mainly aims to say that
The profit analysis of CHZ participating in the staking airdrop or just going long:
CHZ rose from 0.0619 to 0.0837.
If you only go long and do not participate in staking,
The approximate profit we calculate is 0.0619-0.075, a 20% increase.
If you participate in staking:
Staking for 20 days, based on the current price of pepper, the annualized return is 33%.
The actual return is around 22%.
According to the previous exchange ratio between pepper and CHZ, the previous annualized return was about
18%.
This means that the price of pepper has roughly doubled since the airdrop ended.
Of course, the coin price also fell by 4.7%, the actual staking return rate is 18%.
🚀 Summary:
The return on buying and selling coins is higher than staking and has a shorter cycle.
If you successfully arrange a short position, the returns are higher.
If you buy pepper just before the airdrop ends, you can double your investment.
Of course, I also chose to only do long and short.
Unfortunately:
I have been following this project.
I also learned a few days ago that the staking was about to end.
I also thought I should buy some pepper, but I didn't take action.
Today the airdrop ended, but I saw the price doubled.
Currently, the total circulation is 24 million market cap.
Most of the chips are in the hands of the big players.
Because the big player staked over 100 million CHZ.
I will continue to track the follow-up.
