⚠️Believe it or not but a lot of people lose money in #ENA Lauchpool ⛏️⚠️

🚨In this post we will discuss:

When to Leave ENA mining and how much to stake $BNB Vs $FDUSD 🚨

There are several factors to account for regarding the Binance Lauchpool, and the biggest one is probably the $BNB market fluctuation.

When Binance launched #ENA Lauchpool BNB was around 590 USDT and is now at 605.

What does this mean?

It means that a lot of people bought BNBs for 605 in order to get into the mining.

Ok, and is that bad?

Let's say I have 605 USDT and I go buy 1 BNB at 605 to stake in the Lauchpool.

by the end of the project let's say I have 5 ENA mined. When the project ends everyone and their mother's will sell BNB and it will drop probably below 590.

So If I sell my BNB at 580 and gain 5 ENA (worth 2 USDT each) by the end of the Lauchpool project I will have 590 USDT and I started with 605.

That is a 15 USD defice!

This is the reality for a lot of people that participate in the Lauchpool!

So what can we do to avoid this.

There are 2 steps one can do to avoid losing money.

1 - You have BNB bought before the launchpool announcement.

2 - You sell your BNB before the end of the Lauchpool.

Any of these steps will help you a lot to avoid losing money.