⚠️ Whether you believe it or not, numerous individuals are facing losses in the #ENA Launchpool ⛏️⚠️
🚨 Let's delve into the optimal timing for exiting ENA mining and the ideal allocation between $BNB and $FDUSD stakes 🚨
At the inception of the #ENA Launchpool by Binance, $BNB stood at approximately 590 USDT, which has since risen to 605. What does this signify? It indicates that participants acquired $BNB at 605 to participate in the mining process.
💡 However, here's the caveat: Upon conclusion of the project, there might be a mass sell-off of $BNB, potentially causing its value to plummet below 590. Consequently, if you commenced with 605 USDT and conclude with 5 ENA tokens (valued at 2 USDT each), you'd be left with 590 USDT, resulting in a deficit of 15 USD!
To circumvent this scenario, adhere to these guidelines:
1️⃣ Procure $BNB prior to the Launchpool announcement.
2️⃣ Liquidate your $BNB holdings before the conclusion of the Launchpool.
Now, let's address the rewards aspect: While $BNB offers an 80% reward rate, FDUSD boasts only 20%; however, staking FDUSD frequently yields greater rewards. Thus, consider allocating more funds to FDUSD to maximize ENA rewards and mitigate $BNB price fluctuations.
We trust this post proves beneficial! Additionally, remember that engagement such as likes, comments, shares, or tips fosters a supportive community and disseminates valuable information. 🌟
🐇 Wishing everyone a joyous Easter celebration! 🐇
