Topic: Binance Launchpool, a possible earning opportunity? (Read 1250 times)

I think this new project is going to be a promising one. Binance announced today Notcoin (NOT). According to Binance, it's a community token that onboards users into Web3 through a tap-to-earn mining mechanic. Although its name doesn't sound too promising, the fact that Binance announced it three days before farming starts is intriguing; this is the first time I've personally seen it. 

Farming will be open for three days and will be available on May 13 at 00:00 UTC. It will then be listed for trading on May 16 at 12:00 UTC.

Oh, ok. I got in total slightly over 11 of that token. I like staking on the BNB pool because more allocation goes to it. I once staked the same equivalent amount on both pools to farm a certain token and discovered I got more allocation on the BNB pool.

I know it's your decision to make but don't you think you're selling them too early? For me, I think it's a big risk selling off any token from Binance launchpad before bull season because I know they will pump. Binance has a way of doing that magic. I can quickly sell off once tokens are release because of dump but I always find a way to get in back. That's my strategy, and until there's a pronounced bull run that will remain my strategy.

I never claimed I made anywhere close to $30–$40 with OMNI or REZ; I haven't been in the process of selling them for a few bucks. I accumulated only 0.75 OMNI, which at its launch was worth approximately $30, and it quickly plummeted. REZ was a total disappointment because, even at its launch, it was worth $10 for 46 coins. ENA was an absolute charm; it yielded an average of $100 and could have made more if I had sold at a higher price. I'm now stuck with OMNI, REZ, and SAGA, hoping for a positive comeback sometime in the future.

Binance  bringing their launchpool event continuesly, even this week i found 2/3 altcoins in binance launchpool. And yeah its annoying when you need to convert your usdt or usdc to their FDUSD. But currently they are allowed FDUSD and Bnb token for staking. That's because thus they wanna increase their altcoins volume as well as its a good trick to increase bnb price by telling people to staking on their launchpool. Some tokens will bring you profit but jf you stake with bnb, there's no surety and i found bnb dumped most of the time just before the lauchpool end.. But if you have lots of capital with no use, then lauchpool could be a free income source which isn't bad.

I’m staking around 6500FDUSD in both Omni and Rez but my profit  didn’t come close to 30$ to 40$ above even though I start staking on the opening date of the launchpool.

But the rest of the launchpool especially ENA gives me a massive profit but the last 2 is not that profitable and makes me just a little bit breakeven since FDUSD always dump whenever launchpool is near to end. Comparing to earn feature USDT, Launchpool is indeed more profitable.

Actually, it has been reduced to 15%, but still, even with FDUSD, I've managed to earn a reasonable amount per project. You can check the detailed table; I found a few replies back and on the starting post. BNB has a higher risk due to price fluctuations; we don't know what may happen in the future, although I still remain quite confident about it and may be planning to acquire some more now that the price has slightly dropped.It depends on the project; check my detailed yields on the starting post. I'm currently staking approximately $3,500 in FDUSD and 0.85 BNB. The majority of projects yielded more than $30 to $40 each, with a few ones going as high as $100. The past two or three projects have been a little disappointing, either because their starting price was way too low or because I didn't sell at the right time, and now I'm stuck with the coins.

I only got to know BNB Launchpool a few days ago precisely when the ethfi project was launched. At that time I didn't know how the mechanism works but now I have learned and I see BNB Launchpool could be my choice when I hold my coins. My question is whether Binance Launchpool can be more promising than staking? And how much should I farm to earn at least $20-$50 per project?

Staking stable coins FUSD for binance Launchpool I don't think worth with reward shares only 20%, around million dollar and thousand hundred participants with that pool and earned small reward.
I joined by using BNB staking coins although high risk but earn high reward from launchpool with sharing 80% allocation to participants using BNB coins staking.
But high risk with joining launchpool in binance by using BNB coins usually will decreasing after launchpool over, but BNB is most strong fundamental coins and I invested during BNB under $250 keep holding for getting launchpool coins reward. Waiting with new launchpool after last participating with OMNI coins and high reward receiving with coins first time listing price above $40.

Binance Launchpool is a type of airdrop and rewards well if you can stake large amounts of BNB or other option coins.  Binance now shares 20% of the total Launchpool for FDUSD staking.  However, even though FDUSD is a stable coin, its price is still not strong. again, when someone holds bnb, the price of BNB decreases and increases, so if someone does not buy BNB for the purpose of holding, then if the price of bnb decreases, he will have to face a lot of losses, which may be more than the Launchpool reward. so it is still very risky.  So I don't think it is logical to try to earn from here.

Yes I will say that Binance Launchpool can be a possible earning opportunity but you have to also accept that it will not goes same at all the time. Because it kind of goes as the bull-market and bear market. Because if you say that when the market is on positive line the lunchpool reward and the project will come very fast and good amount. In my own  analysis I have found this. I have some fund staking on it but currently it is not going good on laucnpool rewards

A little more than 0.85 BNB and $3,500 in FDUSD, to be exact. Well, I also speculate on how much I'm going to earn, judging by how many coins I accumulate, what some prediction claims according to the coin's presale, etc., and judging by how much I've earned on average from each launchpool. My average ranges from $30 to $40 per project, while it can go up to $100 on rare occasions, but it's extremely rare to earn less than $10. I've sold the majority of my coins earned from Launchpool, some immediately and some during bull market periods, and I'm generally satisfied with the returns. I'm now holding the latest ones, hoping for another major pump.

And that's true; I even remember a statement from Binance's new CEO regarding new tokens and the launchpad platform itself.

That means you staked around 4 BNB to farm Rez. I also farmed it. Well, for me, I won't say it was disappointing because I didn't expect it to worth much. Once I see so much tokens allocated for launchpad for farmers, I do a mental calculation after day one to have a vague idea of what I should be getting at the end. Anyway, I don't concern myself with what price is upon any listing. I've never bothered with that because I don't intend to sell any token from Binance launchpad yet until the bull rally gets to its height.

One thing I've come to observe is that Binance now has more launchpads at short intervals unlike when CZ was running the exchange.

Renzo Protocol (REZ) is probably the most disappointing Binance Launchpool I've experienced so far. It was listed today at 12:00 UTC with a starting price of $0.30 per coin, which immediately crashed to $0.20. Predictions were circulating that it would launch with a starting price of approximately $0.80 to $1, but these expectations fell through by a lot. The 46 coins I acquired through farming are less than $10 worth, and this is probably the first time I've experienced such a floppy launch. I'll hold these coins for a while, hoping for the best, but the few last projects haven't gone as smoothly as I was used to, leaving me with coins that have lost more than 50% of their value.

For some unknown reason, I didn't receive a notification from the Binance app and saw it randomly in my promotional emails. A new launchpool, Renzo Protocol (REZ), has been announced and is open for farming as we speak. It just opened a few hours ago. According to Binance, Renzo Protocol (REZ) is one of the top liquid restaking protocols (whatever that means). Staking started on April 24th at 02:00 UTC and will be open for 6 days, while it'll be listed on the exchange on April 30th at 15:00. From the previous Launchpool, I've noticed that rewards have been reduced for FDUSD staking and increased for BNB; this applies to this one as well, so it's likely to be the new standard.

Although April's Launchpool hasn't been the best for myself, I'm still holding SAGA and OMNI, which have lost their value by almost 50%. This is going to be the third project in a month. Let's hope it yields better returns than the previous two.

OMNI was listed today at 12:00 UTC; unfortunately, I was at work and missed the initial launch. Its price started at approximately $55 per coin and slowly crashed down to $30. To be honest, I'm quite disappointed, as I only acquired 0.75 OMNI, and at this price, my yield was approximately $20. Don't get me wrong, it's still not that bad for 4 days, but first, I'm used to higher gains from the launchpool, and secondly, I'm a bit regretful for not selling AEVO and SAGA a few days ago, and both have now lost more than 40% of their value.

No new projects have been announced yet.

It's unfair for those that have a lot of USDT but they can always convert that into FDUSD if they want to participate to their launchpools if that's needed to be done. So aside from BNB, FDUSD and other native tokens that are going to be required for that launchpool are actually good ways to earn passively but it takes time as there's a deadline for most of them. So if you have those funds not in use and you have no plans of trading them, use them in the LP of Binance.

Alright, thanks to @Jawhead999, I've updated the table through a transaction history report I exported from Binance. There are probably a few lesser projects missing of minor value, and I haven't gone through the trouble of finding them one by one. The result is over $660 in profit, without taking into account those that haven't been sold yet. Honestly, had I taken it a little more seriously, meaning not forgetting to start farming the moment it was open and missing more than 8 hours of staking, or not properly assessing the situation and selling too early, or not selling at all (see NTRN, ALT, or SAGA), or even not bothering to participate even though I had all the hints that it's going to be worth it (see ACE, which could have resulted in over $100 in profit).

We'll see how OMNI performs in a few days; its staking is quite slow; I've acquired less than 0.45 OMNI in 2.5 days of staking; its value is speculated to be high; but none of the predictions I've read sound plausible or anywhere accurate to be taken into account.

@dimonstration, I don't remember how much I started with, but I'm currently staking $3600 FDUSD and 0.855 BNB. If I remember correctly, I started with approximately $2900 FDUSD and 0.70 BNB, but I cannot guarantee that these are 100% accurate numbers.

If you own lots of capital then binance launchpool is for you. I found there are two way for staking. Bnb and FDUSD (stable coin). First they allowed Usdt but now they sleect their own stable coin FDUSD for marketing. And people who will stake Bnb, get more advantage during return. Now the point is, its good to stake there For free income and I'll choice FDUSD. Cause i found that, BNB staking would be loss project in many times if price dump, you'll be loss rather then profit. And profits weren't too much as excepted.

What’s currency you are using to farm on launchpool for that profit listed above and how much capital you invested? I’m interested to participate on this launchpool while my crypto is just sitting on the earn section of Binance using USDT to farm with low APY.

I’m interested to know the profitability to farm using both Stablecoin and BNB that is available on the launchpool. Having a table in your OP containing the details I mention above is helpful.

Wow, that's a great table you've built there. I really appreciate you taking the time and effort to make this; it's awesome! I'll make sure to add a few more since the summer of 2023 and a few others that I happened to encounter before I was fully involved in Binance launchpool projects.

Honestly, it's been a great experience so far. I know that it sounds like I'm affiliated with them, but Binance has opened up a great earning opportunity. There was a time that launchpool projects were announced one after the other; before even one was finished, there was another one announced. I managed to make a decent yield that period, and now I'm seeing a pattern of having at least two projects per month, which is about $100 on average, sometimes even more if I'm lucky. Supposing I had held Ethena for longer, I would have made over $130, but the $80 to $85 I made were still quite decent for 3–4 days.

Thanks again; I'll put it to good use!