Every time Binance Wallet @ BinanceWallet puts pig's foot rice IDO, there are always comments saying something is wrong and losing money. Let's calculate the IDO income and see if we will lose money. Assuming that each IDO earns 60U (compared to previous periods earning 150U+, we will calculate it as 60U), the holding cost price of 3 BNBs can be reduced by 20U. BNBs have been around 600 recently, with the highest not exceeding 640U. As long as you participate in 2 consecutive periods, the airdrop returns will eventually flatten out. And the first time Johnny Jun introduced the Binance wallet IDO was on March 11th during BMT. At that time, BNB was around 550U, and now it is the sixth IDO (a total of 8). If Johnny Jun had participated in X since then, the holding cost price would have been flattened to around 400U. Simply put, Binance Wallet is doing IDO, firstly to attract traffic to the wallet, and secondly to provide benefits for long-term BNB holders, rather than for arbitrageurs/studios. Of course, if you want to arbitrage, you can borrow/hedge, but you need to carefully calculate whether the borrowing income and hedge premium rate are lower than the airdrop income. Does the cumulative airdrop value of each BNB calculated by Binance @ binancezh in the picture not include the IDO income of Binance Wallet@ cz_binance @heyibinance