It's all nonsense before, the conclusion is in the last paragraph, you don't have to read the front.
I have been looking forward to the start of a new project because of my strong resentment towards ENA. I won't say more about it. What I need to mention is that my trading strategy is purely personal, at most it can be used as a reference. I have been very clear about my selling price. I will leave when the opening profit is 2%, which is $0.85. This is the opening price, not the point at which it rises. If you curse because of this, I won't share my personal exit expectations.
But it's really frustrating that I didn't hold on to it myself. I've been heartbroken for many days, so I hope to start a new project as soon as possible.
After all, for me, when I sold ENA, I bought $BNB at $545. Although the increase in BNB cannot be compared to the extent of missing out on ENA, I can be content with a little more. So my mood will be much better when starting a new project. I've thought about this $SAGA, but I'll talk about it later. It's too early to talk about the price now.
Many friends have analyzed the introduction of SAGA, so I won't say much. What I care most about is how to maximize mining income. In the past two projects, there have been cases where mining income using FDUSD is higher than BNB, especially when the price of #BNB is higher, the cost-effectiveness of FDUSD is higher. So this discussion is a very practical personal operation, but it does not mean that doing so is always right.
In the first project ETFHI, on the first day of opening, FDUSD will produce 47% more mines than BNB, and by the last day, the average income will be 33% more than BNB. In other words, if the price of BNB was $600 at that time, then the average output of 600 FDUSD would be 1.4 ETHFI.
When it came to the project ENA, on the first day of opening, FDUSD would produce 77% more mines than BNB, and the average income by the last day would be 37% more. On average, 1.55 ENA would be produced. The main determining factor is the price of BNB. The higher the price of BNB, the greater the difference between BNB and FDUSD mining. According to the current $580, FDUSD will mine 50% more SAGA than BNB.
So, assuming that the price of BNB remains unchanged during the three days of mining,
Holding BNB for mining the entire position will yield the lowest income, both in terms of mining income and BNB holding income.
Half BNB, half BNB sold for FDUSD, mining, and then buying back BNB, the mining income will be 25% higher than the first option.
Holding FDUSD for mining the entire position, selling all BNB for FDUSD, mining, and then buying back BNB, the mining income will be 50% higher than the first option.
At first glance, the third option is the best choice, after all, the income is higher. But the premise of this option is that the price of #BNB remains unchanged. But who can guarantee that the price will not change, especially although it seems that 50% is quite a lot, according to the income based on FDUSD, it is also in the range of 1.5% to 2%. In plain language, even if the third option is chosen, the actual extra income received is only 1%.
Let's take a practical example. When mining ENA, by the end of the mining, 100 BNB can mine 1,253.72 ENA, while 58,000 FDUSD (corresponding to 100 BNB) can mine 1,923.86 ENA. So at the same price, FDUSD mines 42% more ENA than BNB, which is 570 more ENA. At the opening price of $0.5, immediately exchanging, 58,000 FDUSD for 100 BNB (this is actually impossible because the exchange rate of FDUSD will be skewed on the last day).
At this point, what remains is 1,923.86 ENA can be exchanged for 1.66 BNB, corresponding to a return of 1.66%. If mining with BNB, the return is 1.1 BNB, which is a return of 1.1%. So the output with FDUSD increases the income by 50%, but this income is less than 0.6 BNB.
Understood so far, if the amount of money you invest is less than 100 BNB, it's actually not very meaningful to go through all this, and it's very likely that you won't be able to exchange back the original amount of BNB due to price changes and exchange rate losses. If you have 1,000 BNB, exchanging all of them for FDUSD will result in an additional 6 BNB in income. What needs to be calculated is these 6 BNB, which is whether $3,480 can cover two points:
- The exchange rate difference between FDUSD and USDT
- The appreciation of BNB during the mining period
If the price of BNB increases by $3.5 before it is exchanged back, that is, from $580 to $583.5, then the additional $3,480 you mined will not be covered. So roughly speaking, the applicability of this method is at least 5,000 BNB (barely), and it is best to have over 10,000 BNB (safely) to maintain additional income after exchanging all to FDUSD and then back to BNB, and most likely to give up mining on the last day to ensure exchange rate stability.
This post is sponsored by @ApeXProtocolCN | Dex With ApeX
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