The Binance homepage is currently hosting two NIGHT events simultaneously: a trading competition and a super earning event, which are two completely different ways to play.
The trading competition is sharing 90 million NIGHT and ends on April 3rd. It's a typical short-term activity with fast in-and-out trades, keeping an eye on the market every day for frequent buying and selling, making a profit and leaving. It's really exciting, and the heart races along with it.
The other super earning event is much more laid-back, with a maximum distribution of 120 million NIGHT quarterly, a total prize pool of 480 million. Just deposit the coins and earn interest, no deadline, lying down quietly, which seems quite "boring".
I directly chose the latter.
In my view, the trading competition is more like a short-term activity for hype and pushing trading volume, it gets lively for a while and then passes. The super earning event, however, is a solid long-term support, using high subsidies to retain participants, clearly recognizing the long-term value of NIGHT.
Some say, why not participate in both? I simply don't have the energy; the trading competition's pace is too fast, constantly monitoring the candlestick charts is too stressful, and the back-and-forth just to boost trading volume is something I can't handle.
I'd rather buy some NIGHT and toss it into the earning event, do what I need to do, and check back after a while to see the extra interest as a surprise.
The super earning event ends on the morning of March 25th, so those who want to be long-term holders still have time.
Although the four-hour chart for NIGHT has already crossed bearish, there are quite a few people looking bearish in the short term, but this non-hustle "boring" holding method is actually easier to withstand market fluctuations.
