The times have come when everyone has already heard about NFT. Now it’s time to learn how easy it is to make money with it. So let’s take a look at the Binance Mystery Box method.

Binance NFT Mystery Box is a separate NFT marketplace. It differs from regular NFTs in that the participant does not know in advance what is in the box. That is, these are such mysterious boxes in which both rare NFT (SSR) and regular NFT (N) can be found. And you can find out what is in the box only by opening it. The rules of Mystery Box sales, their number, composition and project description are usually published in advance so that potential participants can evaluate and study the project.

But how to make money on it? It all depends on your risk appetite as well as your belief in the project being launched.

Are you going to become an investor, do you want to invest your money in order to make a profit? Investment is your own decision, you are fully responsible for it. You can earn good money on investments, and you can lose it. In order to protect yourself from the loss of investment, it is necessary to conduct preliminary research. So everything is in order.

If you want to buy mystery box, search for the best options on The Mystery Box website.

The first and most important stage: project analysis

All NFTs sold through the Mystery Box market are usually the irreplaceable tokens of new projects launched with Binance. Some of them are upcoming blockchain games, some are DeFi projects, some are something like a lottery for fans. That is why it is necessary to carefully research the project before participating. To do this, Binance makes an announcement and publishes all the necessary information in advance.

What to research?

I start with the project’s website, evaluate the professionalism of its implementation, launch time, relevance in search engines.

I check the project team for fakeness, their social networks, number of subscribers, reviews, previous projects. Sometimes it turns out that team members have already created projects that sank, were not completed, turned out to be fraudulent. Sometimes team members do not provide their real names. You should stay away from such projects. If everything is OK, you can study further.

I study the roadmap of the project, compare the specified “as completed” stages with the actually implemented ones, assess the reality of future stages. I read the white paper and evaluate it from the investor’s point of view.

• study the project’s tokenomics and analyze smart contracts, the project’s currency and its amount on the founders’ wallets (if it already exists).
• check the sponsors and partners of the project, whether they are real, how authoritative they are.
• check the project’s social networks, time of existence, number of subscribers, answers to subscribers’ questions, reviews, etc.

If all aspects are acceptable, you can move on to the next stage.

Stage two: defining the strategy

Now that I believe that the project is worth the investment, I decide on a strategy. Given the conditions for the sale of a particular project, I have defined only two strategies for myself in the Binance Mystery Box.

• speculative strategy – quite simple and allows you to return your investment with a profit in a short time. To do this, you need to buy a Mystery Box and without opening it immediately sell it with a markup on the secondary market. The markup is set by the market, the number of boxes, the hype around the project. Sometimes, in the first minutes after the opening of the sale, you can sell with a 10% markup, sometimes 100%. How lucky you are. With this strategy, it is difficult to sell in the red. The time for return on investment is usually from 5 minutes to several hours.
• long-term strategy – requires more time, has greater risks, can bring both large profits and losses. If in the first minutes of Mystery Box resale mostly speculators work, then investors who are very confident in the project keep the boxes for a long time. After all, in the future, after the launch of the project, Mystery Box can cost ten times more expensive.

For risk lovers, there is another option: you can open the box. In this case, there is a chance to get a very rare NFT that can pay off the investment a hundredfold, but there is a chance to get a non-rare NFT that may cost less than the Mystery Box. And even in this case, there is a chance to sell NFT much more expensive in the future when the project is launched. Or become a participant in a project (for example, a game) using NFT. As a rule, such projects provide an opportunity to earn money.