Experimenting with Binance earn offers.

I've been using Binance earn for a long time and earlier in the year they were even offering over 30% APR on Hive which was just printing money for the community.

Now they are offering short term earn lock ups of 200% APR but the assets are a little riskier than Hive. I know nothing about them other than the returns and trying to time the markets right.

I've already locked into two of these during the week MITO and SOMI with HOLO being my third effort. Both of the other two tokens rose in value during this offer as people buy into the market to try and claim these returns.

I've managed to get into HOLO a lot earlier than the other two so I'm hoping that i can pass the 7 day lock up and see the token gain some value as well as earn some interest.

I'm locking up 515 HOLO for 7 days and looking at getting just less than 20 back over the week. That would equal a 3.8% gain over the week which is nice if you can keep doing it on repeat with different tokens and larger amounts.

MITO was my first buy 4 days ago.

Which I bough at 19c and is now at 25c but pumped to 37c yesterday. It will be interesting to see if it can finish higher or lower than my starting price.

I bought SOMI at 1.12 yesterday but that was my bad timing as it was on a run at the time and it's now at just 1 even. It did jump form 90 to 1.40 at the start of the earn campaign so again a big jump and sitting higher than it's starting point.

Option B will be to wait for the next 200% interest offer and skip the lock up stage. Just buy into it at the start of the lock up offer and see if I can make a 20-30% gain from others buying up the token but keep my ability to sell and take the early profits.

Something to play with at least this week.

Posted Using INLEO