đš Attention! đš Many individuals are experiencing losses in the #ENA Launchpool âïžâ ïž
Let's delve into strategies for exiting ENA mining and determining optimal stakes in $BNB versus $FDUSD đđ
When Binance initiated the #ENA Launchpool, $BNB was valued around 590 USDT, but it has since risen to 605 USDT. What does this signify? It indicates that participants acquired $BNB at 605 to engage in mining activities.
đĄ However, here's the twist: Upon the project's conclusion, there may be a mass sell-off of $BNB, potentially driving its price below 590. Thus, if you initiated with 605 USDT and end up with 5 ENA (each valued at 2 USDT), you could find yourself with only 590 USDT, resulting in a deficit of 15 USD!
To mitigate this risk, adhere to these guidelines: 1ïžâŁ Acquire $BNB prior to the Launchpool announcement. 2ïžâŁ Dispose of your $BNB before the Launchpool concludes.
Now, onto rewards: $FDUSD offers a 20% reward, while $BNB boasts an 80% reward; however, staking $FDUSD often yields more favorable returns. Thus, consider staking a larger portion of $FDUSD to maximize ENA rewards and circumvent $BNB price fluctuations.
May this post serve you well! And remember, engagement such as likes, comments, shares, or tips fosters a supportive community and disseminates valuable insights. đ
đ Happy Easter to all! đ
