If it doesn't double in a year, come scold me
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流水不争先
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Cleared out BNB
I cleared out my BNB today, with the clearing price being around 616 U.
BNB has always been my second largest position, with an overall cost of around 250. Over the past two years, along with the Launch Pool, the overall return has been pretty good.
There are mainly three reasons for clearing out:
1. Although Binance is still the largest CEX, over the past two years, the gap with other exchanges has been narrowing. From originally over 50% market share, it has dropped to 30%.
2. BNB has a market value of about 100 billion. If 10% of BNB (10 billion) participates in the Launch Pool, and if each time it needs to maintain a 0.5% yield, then the project side needs to put out 50 million U worth of tokens for the Launch Pool.
BNB has always been my second largest position, with an overall cost of around 250. Over the past two years, along with the Launch Pool, the overall return has been pretty good.
There are mainly three reasons for clearing out:
1. Although Binance is still the largest CEX, over the past two years, the gap with other exchanges has been narrowing. From originally over 50% market share, it has dropped to 30%.
2. BNB has a market value of about 100 billion. If 10% of BNB (10 billion) participates in the Launch Pool, and if each time it needs to maintain a 0.5% yield, then the project side needs to put out 50 million U worth of tokens for the Launch Pool.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.