I would like to use the cashback of the binance card, and to have the 2% I have to hold at least 1 BNB on binance.
But I’m afraid that as soon as I buy 1 BNB this will drop in value.
I see that on FTX there are several methods to short BNB:
* BNB -0924 (I think it’s a future, but I’ve never used them
* BNBBEAR / USD (3X Short BNB Token (BNBBEAR) is an ERC20 token which seeks a return that corresponds to -3 times the daily return of Binance Coin)
* BNBHEDGE / USD (X Short BNB Token (BNBHEDGE) is an ERC20 token which seeks a return that corresponds to -1 times the daily return of Binance Coin)
The simplest method seems to me to be BNBHEDGE / USD, but seeing the graph I notice that it does not exactly follow the BNB value (for example a 50% collapse of BNB corresponds to a rise of BNBHEDGE of only 20%. You confirm that this is the case?
What do you think is the best method? I am open to any advice.