Just info for all of you : "Stake BNB to Earn Free Tokens!" - page 2.

junmisakiro

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Quote from: bitmover on November 28, 2020, 02:48:49 PM

Honestly.

Do not buy and hold (or stake) a coin just because you may get some other random ones if you do.

Those CAKE tokens are worthless... You will probably get better returns just holding BTC.

If you want to hold more than just BTC try to make an smart portfolio, with good altcoins (ethereum for example). Do not buy any coins to receive airdrops.

BNB might be a good option, but do not buy it because you will get some 0.0001USD of CAKE coin.

well, I totally agree with what you say but you must know that it doesn't matter if you get a cake token because it's free and you only need to hold BNB, no need to trade and make BNB a long-term investment.

bitmover

legendary

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bitcoindata.science

Honestly.

Do not buy and hold (or stake) a coin just because you may get some other random ones if you do.

Those CAKE tokens are worthless... You will probably get better returns just holding BTC.

If you want to hold more than just BTC try to make an smart portfolio, with good altcoins (ethereum for example). Do not buy any coins to receive airdrops.

BNB might be a good option, but do not buy it because you will get some 0.0001USD of CAKE coin.

Princejebs

member

Activity: 560

Merit: 26

I dont hope for bitcoin to crash again but if that happens anytime in the future, I will make sure I stack bnb.
I have also noticed recently that bnb doesn't dump much when there is negative reaction in the market, this is because most bnb in circulation are been stake and the quarterly burn.

If you are a whale, reconsider diversifying your portfolio with bnb, CZ never sleep Grin

Harriti

sr. member

Activity: 756

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HEX: Longer pays better

Quote from: tabas on November 28, 2020, 01:17:45 PM

The winners here are those people that own a lot of BNB. Last time, I was just reading an article from them on how to earn without trading.
And this one feature is part of it. This makes their coin valuable and worth it for the sake of other projects.

Are you sure about that? So what if you staking 1000 BNB and then the price of CAKE and BNB both go down? Then you cannot sell BNB because you have staking and CAKE is low value, then you only lose more and it takes a lot of time for your money to return.
Staking is also an investment, so I hope you will analyze carefully about CAKE as well as the market in the near future before making such a hasty decision.

Kavelj22

legendary

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Merit: 1474

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Despite it's a huge money $120,000 BNB Reward Pool to be distributed, i think the number of BNB holders is much more large so don't expect to get a big share unless someone is staking millions of dollars.

Quote from: tabas on November 28, 2020, 01:17:45 PM

The winners here are those people that own a lot of BNB. Last time, I was just reading an article from them on how to earn without trading.
And this one feature is part of it. This makes their coin valuable and worth it for the sake of other projects.

I agree with your point. It's quite clear that Binance keep supporting their token chain by lunching staking offers from time to time.
However, we don't see this support for other chains created by binance. We all know that binance has a list of its own tokens developped to be used within the different binance dapps like the USDC stable coin.

tabas

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The winners here are those people that own a lot of BNB. Last time, I was just reading an article from them on how to earn without trading.
And this one feature is part of it. This makes their coin valuable and worth it for the sake of other projects.

Chuky92

copper member

Activity: 966

Merit: 5

One of the good facts about Binance platform is that, the team always try their best to support any of their features such that more activities can be realised on it, that is, ever since they launched their smart chain, they have been putting things in place to attract more users, at least this can be seen as a good example.
Nevertheless, I don't know much about this CAKE token and if it is worth staking your BNB for it. I mean, BNB is very valuable, but staking it for a token like CAKE, will the reward gotten be valuable and worthy of the time and effort invested? The reason for my thoughts is that, most times, most projects just use the Binance platform to create hype and nothing more, and once the aim has been achieved, one will realize that the token will find it hard growing. Therefore, I think one need to compare a lot of things to ascertain if the staking event is worthwhile at the long run.

Galley

member

Activity: 1274

Merit: 14

It is unlikely that someone will give any guarantee in such a case. At this point, you have to think yourself whether it is worth getting involved with such an action or whether it is better to stay away. Although the offer looks very attractive.

Harriti

sr. member

Activity: 756

Merit: 256

HEX: Longer pays better

Will CAKE guarantee its value when people participate in this staking event? Undecided

There have been quite a few Binance Staking events but most of the token's price only hype for a certain period of time and then a sharp drop leaving many investors unprofitable. Can you give me a reason to join? Currently I have nearly $ 900 idle and want to earn passive income even when I sleep.

kevinzxz

full member

Activity: 1470

Merit: 105

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Binance Launches $120,000 BNB Reward Pool on PancakeSwap - Stake BNB to Earn Free Tokens!

In collaboration with PancakeSwap, Binance will launch a $120,000 BNB rewards pool to further support the growth of Binance Smart Chain.
Activity Period: 2020/11/27 1:00 PM - 2020/12/27 1:00 PM (UTC）

*$100,000 in BNB to be farmed on PancakeSwap via Binance Smart Chain
Binance will provide $100,000 in BNB to be farmed on PancakeSwap’s Syrup Pool during the activity period using CAKE tokens.

Binance Smart Chain users will also be able to stake BNB to earn CAKE tokens from a $120,000 rewards pool.

*Additional $20,000 BNB Participation Airdrop
There will also be an additional prize pool of $20,000 BNB that will be equally split between the Binance Smart Chain wallets of all users that stake BNB to earn CAKE tokens within the activity period.

source : https://www.binance.com/en/blog/421499824684901288/Binance-Launches-$120000-BNB-Reward-Pool-on-PancakeSwap--Stake-BNB-to-Earn-Free-Tokens

You can directly open the link from the source to see more info and how to participate.

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