FOGO's current subscription round started at a price of 0.035U. Based on pre-market data, the theoretical increase is about 50%. However, with a 100U quota, the actual net profit is just over 50 dollars.
The key issue is the cost. BNB is now at 900U each, and participating in this subscription requires a threshold of 5500U. If financed through borrowing, the cost could soar above 7000U, plus an additional 2U in interest. The requirement of 6 BNBs is indeed quite high, making the cost-performance ratio somewhat average.
Honestly, the appeal of this subscription is not as expected. It's also unclear whether it will take off like some projects in the future, as high-quality subscription opportunities are becoming increasingly scarce. On the other hand, stable financial returns have been very attractive lately—just holding can generate passive income. There's really no need to take risks on projects with slim yields.
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SchrodingerProfit
· 7h ago
The 5500U threshold discouraged me; I still have to borrow money to play. What's the point?
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50 USD still involves such a big risk; it's better to put it into stablecoins for interest.
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Why does it feel like now all subscriptions have become money-losing businesses? I should have just relaxed and enjoyed financial management.
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Starting with 6 BNB is really outrageous. Isn't this just a variant of cutting leeks?
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Financial management is good, but I always want to take a chance. In the end, I end up like this.
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A 50% increase sounds great, but in reality, it's only 50 dollars. I choose to pass.
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SerNgmi
· 7h ago
50 USD still needs to be backed by 5500 U, this calculation doesn't add up
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Borrowing money to participate in this kind of subscription requires a very clear mind
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To put it simply, current launchpads are all charging entrance fees, and project teams are making a killing
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Instead of fighting over this, it's better to just relax and earn interest, the returns are really attractive
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6 BNB... some of you really have a gambler's mentality, I'm too scared
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This subscription is a bit outrageous, a 50% increase sounds good, but in reality, it's just enough for two meals
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OneBlockAtATime
· 7h ago
A profit of 50 yuan still requires risking 5500 U, who is the fool in this calculation?
View OriginalReply0
SerumSquirrel
· 8h ago
What's the point of a 5500U threshold? It's not worth it; you'd be better off just staking and earning passively.
FOGO's current subscription round started at a price of 0.035U. Based on pre-market data, the theoretical increase is about 50%. However, with a 100U quota, the actual net profit is just over 50 dollars.
The key issue is the cost. BNB is now at 900U each, and participating in this subscription requires a threshold of 5500U. If financed through borrowing, the cost could soar above 7000U, plus an additional 2U in interest. The requirement of 6 BNBs is indeed quite high, making the cost-performance ratio somewhat average.
Honestly, the appeal of this subscription is not as expected. It's also unclear whether it will take off like some projects in the future, as high-quality subscription opportunities are becoming increasingly scarce. On the other hand, stable financial returns have been very attractive lately—just holding can generate passive income. There's really no need to take risks on projects with slim yields.