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.
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!
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.
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)
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.
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.
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
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.
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!
DeFi bounty at CakeDeFi with $30 DFI for new users