The 4th Binance-versary - The Wheel of Fortune experiment!

By PVMihalache | Mind Puzzle | 17 Jul 2021


Binance has turned 4 years old the users where rewarded with CHR, CHZ, DATA, DEXE, FRONT, TRX and 1,050 limited editions NFTs. The plethora of events had a $1,800,000 reward pool, plenty of competitions, events and random rewards. 

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The set of tasks involved inviting new users to Binance and trading various coins. Completing the tasks awarded spins, with a chance to win one of the following prizes: 350 CHR tokens, 200 CHZ tokens, 500 DATA tokens, 20 DEXE tokens, 85 FRONT tokens, 800 TRX tokens, 1 Binance NFT or just a thank you!

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I completed two tasks to see is I will be lucky with the spins. I traded over 6,600 CHR and over 4,000 CHZ, being rewarded with 4 spins. The available USDT at the start of chain trading was 1624.62. I first bought 6700 Chromia (CHR), just to make sure the market fluctuation will not complete the transactions for less than the 6000 required to complete the task.

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I sold all the Chromia (CHR) stash for Tether (USDT) after the tasks was marked as completed. Moved to the next tasks and bought Chiliz (CHZ)

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I took into consideration the price fluctuation and bought more then the 600 CHZ required to complete the task. Once the task was completed, I sold them out, this time for Binance USD. The remaining amount of Tether was also converted in BUSD.

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Every participant received a free spin for sharing the event on social media. With the one received from completing the above tasks, I had 5 chances to win a prize. From all the available options, the game stopped at "Thanks" each time. 

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Even if I wasn't lucky with the spin, I made a small profit from the chain-trading. I started with $1624.62 and after all the transactions and swaps were concluded, I end up with $1626.75 in my spot wallet. The transactions fees were covered by the profit and ended up with $2.13 more than what I had at the beginning. It's a small profit but it's better then nothing. BUSD must be put to work, that's why I always send it to Harvest Finance to yield some gains

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Harvest Finance was the best rates for yield farming! Getting 7.14% APY on Binance USD is lush, specially when the earnings are auto-compounded. The current staked amount grown nicely compared to the total staked. Also earning bFARM along BUSD is an extra reason to be a humble farmer.

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Still feels like a good time to buy the dip... unless the dip keeps dipping! Some are waiting for the DeFi summer but it looks like ... winter is coming!

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Residual Income:

PVMihalache Amazon Books

DeFi bounty at CakeDeFi with $30 DFI for new users

The fountains: PipeFlare ZCashGlobalHive ZCash  & Get.ZEN

Publishing bundle: Publish0xReadCashLBRY & Presearch

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PVMihalache
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