$SENT After announcing TGE details, the price directly dropped from 0.032 to the current 0.024, those who shorted for hedging at the first moment made a profit.
Latest estimate of TGE profit (pre-market price 0.024 + BNB ≈ 947)
50 times oversubscription situation (most realistic estimate):
Order subscription limit: 3 BNB (approximately 2841 USD)
Expected oversubscription of 50 times: total market input of approximately 400,000 BNB
Actual allocation for the order: approximately 0.06 BNB (Cost ≈ 57 USD)
Quantity received $SENT : approximately 5423 pieces
Assuming all sold at the current pre-market price of 0.024 USD: Revenue ≈ 130 USD Order Profit ≈ 73 USD (approximately 0.077 BNB)
Old Wang's suggestion: This round of Binance discounts is quite generous, equivalent to giving away more than double, must charge tomorrow at 20:00! Borrow good BNB, multiple orders to board, single order starting at 73U, number 10 is 700+ U. Worried about a drop? Continue to short $SENT for hedging, I have already locked in this round of profits. See you at the Binance wallet tomorrow at 20:00, just do it!
How to prepare BNB for risk-free (or low-risk) participation? Two practical methods tutorial.
Many people have enough points but not enough spot BNB and want to borrow more but are afraid of price fluctuation risks. The following two methods can prepare BNB with minimal risk (hedging or internal borrowing), suitable for short-term participation in Pre-TGE (Sale window is short, holding time is limited):
Method 1: Buy spot BNB + open an equivalent futures short position for hedging (Hedge Mode).
This method hedges the spot price risk through futures, BNB price fluctuations are basically hedged, the net cost remains only the transaction fee + funding rate (usually controllable in the short term). Suitable for those who do not want liquidation risk and want to participate in value preservation.
Steps (Binance App/Web operation):
1. Prepare funds: Buy the required BNB in the spot wallet (for example, if you want to borrow 6 BNB, buy 6 BNB in spot).
2. Use part of the funds to prepare for opening an equivalent USDT short position after leveraging (approximately equal to the value of 6 BNB for opening shorts), for example, with 10x leverage, prepare around 0.6 BNB in funds, and transfer to perpetual contract U-based.
3. Open a short position:
· Choose BNB/USDT U-based perpetual contract.
· Direction: [Sell/Short] (short selling).
· Quantity: Equivalent to the amount of spot BNB (for example, 6 BNB).
· Leverage: 5X-20X is acceptable (lower leverage is safer, 1x is close to no leverage, depending on your fund situation).
4. Monitor & Close Positions:
· After Sale ends (or before TGE), if you do not need to hold BNB any longer, close the futures short position + sell the spot BNB to pay it back.
· Cost: Trading fee (about 0.02-0.04%) + funding rate (settled every 8 hours, positive fee rate makes short positions profitable, and vice versa, usually small in the short term).
· Risk: Almost no risk, but may incur slight losses when the funding rate is extreme; avoid high leverage to prevent liquidation.
Method 2: Binance secure cross-margin lending (Margin Cross/Isolated)
Directly borrow BNB on Binance Margin (using USDT and others as collateral), interest is low (calculated hourly), no liquidation risk (as long as collateral is sufficient, Margin Level > 1.1-1.2 is safe), more stable than DeFi like Venus (no oracle risk).
Steps (Binance App/Web operation):
1. Open a margin account:
· Go to [Assets] → [Spot] → [Margin Account].
· If not activated, click [Activate Margin Trading], complete risk assessment + KYC (most have passed).
2. Transfer collateral:
· Go to the margin account interface → [Transfer].
· From: Spot wallet → To: Cross Margin or Isolated Margin (recommended Cross Margin for more flexibility).
· Transfer to USDT (or assets with high collateral factor like BNB), the amount should at least cover 1.5-2x of the borrowed BNB value (for example, borrowing 6 BNB ≈ 6000u, transfer more than 10,000 USDT as collateral), otherwise, you won't be able to withdraw BNB after borrowing.
3. Borrow BNB:
· In the margin trading interface, select BNB/USDT or directly [borrow].
· Select BNB, enter the borrowing amount (the system displays max borrowable based on collateral).
· Confirm borrowing (automatic or manual, interest is calculated hourly, BNB borrowing rate is usually low).
· Borrowed BNB automatically goes to the margin account wallet, can be transferred to spot, and then withdrawn to the wallet.
4. Use & Repay:
· Participate in Prime Sale with borrowed BNB.
· After Sale ends, sell the allocated tokens (or use other funds) → Transfer back to margin account → Repay [Repay] BNB + interest.
· One-Click Borrow/Repay: Automatically borrow/repay when placing an order, more convenient.
5. Risk control:
· Monitor risk margin level (≥1.5 is safe, <1.1 is risky for liquidation).
· Interest: Hourly rate is low (discount for paying with BNB), short-term borrowing for a few days costs several u.
· Advantages: Internal to Binance, no external DeFi liquidation pitfalls; sufficient collateral basically has no liquidation risk.
Both methods are much safer than purely borrowing through DeFi (like Venus): Method 1 has zero directional risk, Method 2 has low interest + platform protection. Prefer Method 2 (simple), or use a combination.
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#SENT #Binance New Listing #tge #BNB