🚨Why you LOST🔥 money on BIO Airdrop as a Beginner and how to profit from Airdrops in Future?
There are a few things you must know before participating in a Binance Launchpad Airdrop.
Binance Launchpad Airdrops give two options by which you can earn Airdrop rewards.
The first is Locking BNB token, now if you have BNB token lying around, well it's a good option to put BNB at work and enjoy some free tokens. However, there are people who dont own BNB, but rather specially buy it just for participating in the Airdrop. Now this is a bad idea, why? because a lot of people loose money this way, since the price of BNB might drop by the time you decide to resell your BNB tokens after the Airdrop has ended, making you a Loss.
The second option is Locking FDUSD, now this is a better option, because it's a stable coin so it's price is going to be stable. Second when you lock the same dollar value FDUSD as compared to BNB, you recieve 5 to 10 times more Rewards! For example of I lock 1000$ FDUSD then will receive 5 to 10 times more Airdrop as compared to if I had locked 1000$ of BNB.
Another way people lose money is Converting USDT or any other Crypto to FDUSD, now this converstion itself needs to be done carefully because it can eat up about 1- 2%
Another mistake is taking part very late, the Airdrop if it is there for 10 days, please take part on the first day, don't wait till the last day, else you will only recieve a fraction of the rewards.
And the last Mistake is investing too little, there are people out there on Binance who invested as little as $10 and thought they would recieve thousands of dollars worth of $BIO , reality check, thats not how it works, you need to lock up substantial funds to earn any significant amount of Airdrop.
Long story short, for a 10 day lockup period, you can expect $10 worth Airdrop, for every $1000 FDUSD you lock in.
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