Binance New Coin Mining: FDUSD or BNB, Which Is Right for You?

Binance New Coin Mining: FDUSD or BNB, Which Is Right for You?Binance New Coin Mining has always been a popular way for users to acquire new coins and earn additional income. Recently, Binance New Coin Mining activities can only be participated in using BNB and FDUSD, and there are differences in the yield rate between the two

Binance New Coin Mining: FDUSD or BNB, Which Is Right for You?

Binance New Coin Mining has always been a popular way for users to acquire new coins and earn additional income. Recently, Binance New Coin Mining activities can only be participated in using BNB and FDUSD, and there are differences in the yield rate between the two. How to choose has become a focus of attention for many users. This article will delve into the data from the past 12 periods, compare the profit and loss situation of the two currencies, FDUSD and BNB, under short-term and long-term holding strategies, helping users better understand the choice.

I. Short-Term Strategy: Does FDUSD Win?

The so-called short-term strategy refers to buying FDUSD/BNB at the beginning of the New Coin Mining and selling it after the mining is completed, using the mining income minus the price difference before and after the mining as the final income. By analyzing the data from the past 12 periods, we found that FDUSD performed more prominently in the short-term strategy.

1. FDUSD Data Analysis

• Price Fluctuation: FDUSD is affected by the New Coin Mining activities. Before Binance announces the New Coin Mining, the price generally rises, with an average increase of 0.3%. However, during the period from the start to the end of the mining activity, the price drop of FDUSD varied greatly, with an average drop of -0.4%. Despite this, the discount rate of FDUSD is relatively stable, with little difference in long-term prices.

• Yield: The annualized yield of FDUSD varies greatly between different periods, but generally consistent with the yield of the BNB mining pool. It is worth noting that the SAGA New Coin Mining issued over $1.1 billion in FDUSD, but the yield did not decline. Whether this trend can be maintained needs to be verified with more data.

• Short-Term Strategy Income: Adding the holding profit and loss to the absolute income of mining, and converting it to an annualized yield, the average annualized yield of FDUSD's short-term strategy is as high as 67%, and all data are positive, which means that even temporary purchase of FDUSD can obtain considerable income.

2. BNB Data Comparison

Compared with FDUSD, the BNB mining pool has shown greater volatility in the New Coin Mining activity.

• Price Fluctuation: The New Coin Mining has a significant boost to the price of BNB, but the volatility is greater. In the 12 periods of data, the price fluctuation of BNB was also greater during the start and end of the mining activity, and most of them were negative, only 4 periods were significantly positive. This means that if users buy BNB before mining and hold it until maturity, they are likely to bear a certain price drop.

• Yield: The average mining yield of BNB is 136%, which is basically lower than the FDUSD mining pool (average 157%) before the issuance of FDUSD.

• Short-Term Strategy Income: The short-term mining strategy income of BNB is extremely volatile, and the average annualized income is similar to that of FDUSD, but it is mainly supported by the rise of BNB in the two rounds of NFP and AEVO (BNB unit price both rose by more than 40 USDT), lacking stability.

3. Conclusion

For users who want to buy temporarily, exit after mining to get income, FDUSD has an advantage in the short-term strategy. Although the yield of FDUSD and BNB is close, the volatility of FDUSD is lower, and users do not need to bear the risk of price fluctuation like BNB. For neutral strategy users, using FDUSD can achieve higher yield.

II. Long-Term Holding Strategy: Does BNB Have a Chance?

For long-term holders, the yield gap between FDUSD and BNB is not large, and the annualized yield of FDUSD is only 15.4% higher than that of BNB. This means that if users believe that BNB can continue to rise by 15.4% on the current basis, then the long-term holding strategy of BNB will be more advantageous.

1. Other Factors

In addition to price fluctuations and yield, users need to consider other factors, such as:

• FDUSD Collateral Lending: Users can use FDUSD to collateralize ETH and other assets, and engage in on-chain mining activities during the mining downtime, to improve capital utilization.

• Mining Downtime: Data from the past 12 periods show that the average interval between each mining activity is only 4.9 days, which leaves users with room to participate in other on-chain activities or make strategic adjustments.

2. Summary

From the perspective of long-term strategy, FDUSD and BNB each have their own advantages and disadvantages. The yield of FDUSD is slightly higher, but BNB has greater growth potential. The final choice of which strategy depends on the user's risk appetite and judgment on the future market trend.

III. Not Participating in Mining: Bottom-Hunting Strategy

In addition to participating in mining activities to obtain income, users can also choose to bottom-hunt BNB/FDUSD after the mining is completed, and sell it after the announcement, without participating in the mining strategy.

1. Data Analysis

Data from the past 12 periods show that this strategy has performed well on BNB, with an average absolute yield rate of 2.44%, higher than the absolute yield rate of mining 1.8%. According to the downtime of 4.9 days, the annualized yield of this strategy is as high as 181.7%.

2. Risk Reminder

Although this strategy has a higher yield, it is necessary to pay attention to the risk of BNB falling from a high point. At the same time, the yield of FDUSD is only 0.3%, far lower than the mining yield of 1.3%, and this strategy is not applicable to FDUSD.

IV. Summary

In conclusion, choosing FDUSD or BNB to participate in Binance New Coin Mining requires comprehensive consideration of the user's risk appetite, investment goals and judgment on the market trend.

• Short-Term Strategy: FDUSD is more stable and more suitable for users who are seeking short-term income.

• Long-Term Strategy: BNB has greater growth potential and is more suitable for users who are confident in the future market trend.

• Not Participating in Mining: The bottom-hunting BNB strategy has a higher yield, but also carries a greater risk.

We hope that the analysis in this article can help users better understand the pros and cons of FDUSD and BNB, and make informed investment decisions.

(Odaily Note: This article is for reference only and does not constitute any investment advice. Investment is risky, and you need to be cautious when entering the market.)