For beginners & first time Investors or Traders🚨 There is 1️⃣ ⚠️Very Important Rule you need to learn and remember for Life👇
ALWAYS DO YOUR OWN RESEARCH OR "DYOR"
The reason for this article is based on the update I shared a day ago about Earning✨FREE 🆓 TOKENS💰by FARMING 👩🌾 or STAKING in the LAUNCHPOOL (if you still dont know what that is check out my previous articles)
There are people complaining🥵😭 that they have not earned enough of ✨FREE 🆓 TOKENS 💰 even though they are Farming since the last 2 days.
But the thing is if they had to 🧐read the rules before investing💰 and staking they would have clearly read that for this Project the Rewards Distribution was 80% & 20% based on the type of Asset being staked
(🔔each Project has it own set of rules so read🧐 it before you do anything)
💎80% of the Rewards Distribution is for BNB STAKING
💎20% of the Rewards Distribution is for TUSD STAKING
(See the screenshot)
So if you had TUSD and had read the rules, then you could have easily Swaped the tokens using the Binance Token Swap feature (read my other article on Token Swaps on my profile) to convert to BNB (🔔obviously you will want to do it when the price of BNB is low so you get a good rate for your Swap)
You need to also remember that the rewards you earn will be directly proportional to the value of your assets to that pool and the percentage you have contributed to the pool and most important the Rewards Distribution Percentage being allocated by the Project.
So in the the future, just remember if Anyone gives you an update or advice 👇
🚨ALWAYS DO YOUR OWN RESEARCH AND DONT TRUST ANYONE BLINDLY AS PEOPLE ARE GOING TO ALREADY EXPECT YOU TO HAVE YOUR OWN KNOWLEDGE✨
🚨I CANT SEE 👁️WHATS IN YOUR BRAIN 🧠 AND I CANT SEE THE FUTURE 🔮✨
🔔Note: I HAVE USED BINANCE SENSEI THE AI CHATBOT POWERED BY CHATGPT WHICH YOU CAN FIND IN BINANCE ACADEMY TAB (available on the Desktop Browser) TO EXPLAIN TO YOU IN VERY EASY TERMS, THIS IS THE BEST WAY OF INCORPORATING #Web3 AND LEARNING ABOUT BLOCKCHAIN #TECHNOLOGY ESPECIALLY FOR #BEGINNERS -YOU SHOULD TRY IT OUT!
💎 WHAT IS DYOR & READING RULES BEFORE INVESTING❓
1. #dyor stands for "Do Your Own Research" and it's a crucial step before investing in anything.
2. Reading and understanding the rules and regulations of the investment is important to avoid any legal issues.
3. By doing your own research and reading the rules, you can make informed decisions about your investments.
4. It's important to only invest what you can afford to lose and to diversify your portfolio.
5. Remember that investing involves risks, so it's important to be cautious and informed.
