This is my mooncake design for the #BinanceMidAutumn competition💛 Design concept: combining the BNB token symbol, Binance’s core hexagon emblem, traditional Mid-Autumn Festival rabbit, and my ever-growing wishes for Binance users. With flowing custard yolk and matcha flavors—hope you all like it😍 #BinanceMidAutumn #BinanceSquareTG
Last year bybit was hacked, and overnight people rushed into bears; yesterday BG was hacked too—will it all happen again? Also, last year USDE also lost its peg.
When bybit was hacked, users’ funds weren’t affected, but all kinds of “loot” activities were almost gone. BG was already hard to farm, and now it’s even harder to farm.
In the Binance Summer Camp (#币安夏令营 ), what I liked most was the risk warning. It helped me understand more about the risks, making me more cautious and ensuring the safety of my funds. Almost every daily challenge included a risk warning, which was very thoughtful. High returns are predicated on the safety of your principal.
The options activities in the rewards center are not recommended for everyone to do.
One reason is that the rewards are too small. Many are 1.5U, 3U, and some are even 0.5U. A bit more might be 5U, and I don’t know if there are any higher than that. Another reason is that many people don’t understand options, so they can easily lose money.
Of course, if you still want to do it, you can search for @逸星web3 . He has posted a fairly detailed tutorial.
Based on his, I’ll add one more point: the buy/sell price corresponding to the strike price you see may not be real-time. If you want to do it, you must pay attention to this ❗❗❗
Click the clock at the top-right, and it will show “Your options quote will be delayed by 15 minutes.” So if you don’t currently hold an options position, or you haven’t done any options trades this month, you won’t be able to see the real-time quotes.
After you buy one options contract, you’ll be able to see the real-time quotes. If you still can’t see them, log out and back into Binance.
But there’s a problem: before doing this task, you need to choose a trade with a small spread. If you trade based on the quote from 15 minutes ago, the spread could be large. So without real-time quotes, you basically don’t know which option contract is better.
If you still want to do this task, after you buy, click the history records and you’ll be able to see the actual execution price. Trading around there is fine—though after the trade, you should be able to see the real-time quotes.
Options can only be placed as orders. The trading fees for buying and selling should both be around 0.66. Add the spread on top, and the losses add up—it’s quite costly.
In summary, I still don’t recommend doing it.
And I don’t know why Binance doesn’t just let everyone see the real-time quotes. It’s like the candlestick chart only shows 15 minutes ago, and then they let you complete a spot trading challenge—what a huge pit 🕳️
I was originally going to trade DGAI today, but I habitually clicked on CNPY instead. After looking at the DGAI chart, I bought CNPY too. I was thinking, this chart doesn’t seem to have changed much—why has the order book been dropping the whole time? 🤡
#币安夏令营 Today’s challenge taught me a lot about traditional finance and stock-related knowledge. Trading on Binance is also very convenient—thumbs up 👍🏻
CNPY is too tight/clamped; it always keeps going to the highest point. Either that, or it suddenly goes into a sudden big red spike straight down 🤬 $CNPY