Binance Launchpool, a possible earning opportunity? - page 4.

Ticdeneb

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Quote from: Chibaba on January 28, 2024, 02:31:17 PM

Quote from: Ultegra134 on January 24, 2024, 05:01:24 PM

Altlayer (ALT) will be listed in less than 24 hours, tomorrow, April 25th, at 10:00 UTC.

You might need to check your listing date lol cos it was listed on Bitget January 25th. It's also not healthy to work with some random price prediction but ALT price indeed traded within the same price range and currently among the top gainers on Bitget at around $0.45. Let's see how it continues to perform moving forward.

I think he must've gotten the date mixed up.
There's a minor dip in price from 0.45 to 0.40. Looks to me like a buying opportunity.

Chibaba

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Quote from: Ultegra134 on January 24, 2024, 05:01:24 PM

Altlayer (ALT) will be listed in less than 24 hours, tomorrow, April 25th, at 10:00 UTC.

You might need to check your listing date lol cos it was listed on Bitget January 25th. It's also not healthy to work with some random price prediction but ALT price indeed traded within the same price range and currently among the top gainers on Bitget at around $0.45. Let's see how it continues to perform moving forward.

Ultegra134

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Quote from: nelson4lov on January 24, 2024, 06:57:56 PM

I didn't participate in the manta farm so I have very little knowledge about how much the rewards were but I have participated in the AltLayer bit and so far so good — BnB and FdUSD that are the two assets used in farming $ALT are down horrendously (even more surprising is that FDUSD depeg). The only way farmers of the AltLayer launchpool can break even is if the price of ALT debuts around 0.45 to 0.8 or possibly $1.

FDUSD's depeg is quite insignificant; we've seen a lot worse. It's not like it's frequently off the $1 peg. A few days ago, it was well over the $1 peg, reaching as much as $1.05. With that being said, I don't think it's something to worry about. Altlayer looks promising; however, I highly doubt we'll see its price anywhere close to $0.45, let alone $1, at least at its listing. I already have almost 200 coins; that would be an insane yield. Imagine that. I guess we'll see in a couple of hours.

Quote from: JeffBrad12 on January 24, 2024, 08:46:22 PM

well thats just how staking mechanism everywhere you get locked period but that with a reward, i think such staking launchpool in my honest opinion only good where the price was still rather low and bearish, at bullish well its not really good we can be making some grand from staking and we missed opportunity of cashing out our investment and missed tens of grand thats what I mean by missed opportunity by staking, moreover sometime the reward is not that great anyway there are many whales staking their millions for the sake of earning opportunity through binance launchpool and that alone already such a turn off for me thats why im just sticking to trading instead and staking outside the binance platform despite the fact that there might be risk carried by the staking such as contract breach and so on but so far I only staked at reputable platform.
other than that whats really important is that some people that stake in binance should know that sometime the project have allocation for airdrop outside the platform despite being listed in binance and have binance launchpool but sometime they just give some airdrop to their community that has done some testing to the blockchain and so on and the amount even more worth than staking a half million sometime.

I don't think you understand what this topic is about nor if you actually read it. Binance's Launchpool doesn't have a lock-in period, you're unaware of the coin's price till its listing, although you mention something completely different and irrelevant in your post.

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Quote from: God bless u on January 21, 2024, 06:25:08 AM

Binance lunch pool, I have tried it several times, but if the investment is high, then the person can get good benefit because you have to hold the BNB, if BNB price is high at which time launch pool finished then the benefit is very high.

But the problem is that the fund stuck with them as much as they are, then it also becomes clear that if the price of BNB decreases the we can face of loss.

well thats just how staking mechanism everywhere you get locked period but that with a reward, i think such staking launchpool in my honest opinion only good where the price was still rather low and bearish, at bullish well its not really good we can be making some grand from staking and we missed opportunity of cashing out our investment and missed tens of grand thats what I mean by missed opportunity by staking, moreover sometime the reward is not that great anyway there are many whales staking their millions for the sake of earning opportunity through binance launchpool and that alone already such a turn off for me thats why im just sticking to trading instead and staking outside the binance platform despite the fact that there might be risk carried by the staking such as contract breach and so on but so far I only staked at reputable platform.
other than that whats really important is that some people that stake in binance should know that sometime the project have allocation for airdrop outside the platform despite being listed in binance and have binance launchpool but sometime they just give some airdrop to their community that has done some testing to the blockchain and so on and the amount even more worth than staking a half million sometime.

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Quote from: Ultegra134 on January 24, 2024, 05:01:24 PM

Altlayer (ALT) will be listed in less than 24 hours, tomorrow, April 25th, at 10:00 UTC. From a prediction I read, I don't recall where its price is expected to range from $0.15 to $0.30. We'll see how it progresses soon enough. Kudos to any Manta holders out there, as it's currently one of the highest performing coins on Binance, with a 26% positive change in price in the last 24 hours, trending at over $3 per coin. Considering the 2-day farming period during which Manta was available, its yields were quite impressive, as its price has jumped in an extremely short period since it was listed.

I didn't participate in the manta farm so I have very little knowledge about how much the rewards were but I have participated in the AltLayer bit and so far so good — BnB and FdUSD that are the two assets used in farming $ALT are down horrendously (even more surprising is that FDUSD depeg). The only way farmers of the AltLayer launchpool can break even is if the price of ALT debuts around 0.45 to 0.8 or possibly $1.

Ultegra134

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Altlayer (ALT) will be listed in less than 24 hours, tomorrow, January 25th, at 10:00 UTC. From a prediction I read, I don't recall where its price is expected to range from $0.15 to $0.30. We'll see how it progresses soon enough. Kudos to any Manta holders out there, as it's currently one of the highest performing coins on Binance, with a 26% positive change in price in the last 24 hours, trending at over $3 per coin. Considering the 2-day farming period during which Manta was available, its yields were quite impressive, as its price has jumped in an extremely short period since it was listed.

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Quote from: martinex on January 22, 2024, 11:11:29 AM

I've also followed that, but not on Binance but on another platform. Yes. comfortable and easy and quiet. Yes. You are right and it is low risk and we only need to follow all the steps required by the exchange and the more we have the token reserves required to stake the greater our chance of getting the prize. This is also one of the strategies and one way to drive the price of the required token as well.

Yes, this is indeed one of the safest method to earn some money but in order to do that we need to hold good amount of tokens (as it changes from one exchange to another). I have initially tried such things with Binance but couldn't get much but still participating as my BNB holdings have increased which helps me in staking more and earn more in terms of tokens. There are lot of exchanges who offer such launchpad projects you will find more such projects in Gate.io but getting reward considering the pool of users is difficult.

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Quote from: Bushdark on January 18, 2024, 07:31:31 PM

I believe you are new to cryptocurrency so for you not to know anything about launch pool, maybe you just have to seat down and watch from the window of your room. You can't tell me that many people in the space do not know about launch pool, every exchange has there launch pool so because you don't have idea on it does not mean that many do not know about it. Cryptocurrency is a space for learning especially when we have no idea about what we are taking about. We keeping learning for as long as we are alive.

Wow!! The proficient of cryptocurrency is here and you have not exploded with knowledge in cryptocurrency. Probably you don't want to and like to share your knowledge in a low key Grin

. I use Binance to make transaction and I have not seen launchpool in any day. And this is the first place I have heard even the name. And I didn't say ntht because I don't know it therefore people should not use it. If I will look through the window to search for it then I will want you to dig your parlor and bury it because I am not going to use it.

You didn't impact any knowledge here for someone to knowledge instead you misguide yourself from the comment you made. I think the internet is not far from me to know things that I don't know. But it is good for knowing things here and add it to the knowledge we get from outside.

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I've also followed that, but not on Binance but on another platform. Yes. comfortable and easy and quiet. Yes. You are right and it is low risk and we only need to follow all the steps required by the exchange and the more we have the token reserves required to stake the greater our chance of getting the prize. This is also one of the strategies and one way to drive the price of the required token as well.

GlacierBIT

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The risks of starting a pool are almost the same as when investing in other cryptocurrencies, if the project you invest in does not gain popularity, you may also lose some of your funds. But I think this system is more interesting, because the bet is on bnb, this currency is strong and is unlikely to disappoint you.

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Quote from: Sophokles on January 07, 2024, 04:58:13 AM

Quote from: Belarge on January 07, 2024, 02:30:59 AM

Quote from: Ultegra134 on January 03, 2024, 04:56:02 AM

Billions are being transacted through exchanges daily, especially on Binance, which has the largest volume of all. I personally don't believe that something can easily influence Binance, nor that it can simply be hacked one day and disappear from existence. Just because similar things have happened to other exchanges doesn't mean that they'll also occur on Binance. On top of that, if something like you described happened, it would have an immense effect on cryptocurrencies as a whole, as it's the largest exchange; it would put a huge dent on cryptocurrencies, and nobody would trust them or centralized exchanges ever again.

With that being said, us losing funds, which aren't a huge sum of money either, will probably be the least of our issues, as everything would start to collapse.

In all my years of existence in the space, I've never come across scam connecting to my binance account because the exchange is top and reliable, their security are very tighten uncomparable to other exchanges. Losing funds do actually influence our minds to do wrong things and I'm acquainted prior to the motives generated whenever we lose. Binance is top crypto exchange and it would be really difficult before it's been hacked. I've slight challenges but trying my best to recover from the losses recorded, almost liquidated my binance portfolio.

To be listed on an exchange like binance a project needs to have strong backing behind them or they needs to have a strong community. It is true that every new project that got listed in binance give investors good profit in its early stages as listing on binance is bullish news for a project.

I have actually seen a lot of people or investors base their decisions of whether they should invest or not in a newly launched project on listing

They think that if a project is listed especially in an exchange as big as binance then it must be legit and might have extremely good potential looking forward

Ultegra134

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Quote from: cryptoaddictchie on January 18, 2024, 12:57:37 PM

Check this out mate. https://twitter.com/_RichardTeng/status/1748002280895340763?t=Fo5aFut5It_NOwXh8BqKOA&s=19

Id think you definitely reconsider considering the new CEO is on game with the launchpool series. I think this will be continous till the bull run and definitely will not let bnb out of sight for those big projects that will conduct launchpool. Also theres none launchpaf yet since then so probably they are brewing a grand launch for new project that will be out soon.

That's interesting, thanks! It's true that in the past couple of months, Binance has introduced quite a few Launchpool projects. I regret not taking part sooner, to be honest; the first one I participated in was Pendle, and it wasn't for all the 20–25 days it was running.

Quote from: MFahad on January 21, 2024, 06:35:58 AM

It is like Staking your Coins anywhere else with low APY. maybe people with large capital really earn good profit from binance launchpool but if you stake only $200 or little bit less or more than you could only earn Around $2 per launchpool round. which is not a good amount.
The only Good thing about Binance launchpool is there is not any risk of losing money because you'll get your funds back in your account when launchpool end.

Nope, it's not like staking anywhere else with a low APY. The APY on Launchpool projects, although it hasn't been announced, is generally decent and higher than staking USDT or FDUSD. The majority of the projects I've staked were worth it. I made $35 with Manta, and I would have made more if I wasn't at work at the time of its listing. During its two-day farming period, I'd make at most $2 through USDT and BNB staking. The same applies to other projects, such as XAI, Cyber, Neutron, ACE, and plenty of others.

Quote from: MFahad on January 21, 2024, 06:35:58 AM

You can stake stablecoins in launchpool. most of the launchpools allow staking FDUSD and TUSDT stablecoins. and you can't take and sell the tokens earned during launchpool. because binance launchpool only add new projects. tokens are listed when launchpool completely ended.

All coins are listed approximately a day after the launch pool is finished. Some exceptions I remember were SUI and Cyber, if I'm not mistaken, which were listed for trading a week after the initial launch of the farming period and ran simultaneously.

MFahad

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It is like Staking your Coins anywhere else with low APY. maybe people with large capital really earn good profit from binance launchpool but if you stake only $200 or little bit less or more than you could only earn Around $2 per launchpool round. which is not a good amount.
The only Good thing about Binance launchpool is there is not any risk of losing money because you'll get your funds back in your account when launchpool end.

Quote from: GreatArkansas on December 28, 2023, 10:07:38 PM

Quote from: Ultegra134 on December 26, 2023, 03:28:34 PM

(...)

What are your thoughts? Have you ever tried it before, and if yes, do you believe it's worth a try?

For me, it's good. The only difficult here is you use a non-stablecoin asset during launch pool. Because you could lose its value over time just to be able to get the new coins and sometimes it's not worth it or you will lose more.
Another thing is after the launch pool or during, for me it's better to take profits like sell some of new tokens you got from launchpool, it's good to take profits.

You can stake stablecoins in launchpool. most of the launchpools allow staking FDUSD and TUSDT stablecoins. and you can't take and sell the tokens earned during launchpool. because binance launchpool only add new projects. tokens are listed when launchpool completely ended.

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Binance lunch pool, I have tried it several times, but if the investment is high, then the person can get good benefit because you have to hold the BNB, if BNB price is high at which time launch pool finished then the benefit is very high.

But the problem is that the fund stuck with them as much as they are, then it also becomes clear that if the price of BNB decreases the we can face of loss.

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These projects which were announced by binance for staking launchpool, are successful. That's why people staking millions of dollar nowadays and so you'll get a little amount from launchpool. By staking 4/5 bnb, you'll get 6-8$ worh altcoins even pump 10x(example of manta). Recently xai, manta launchpools are over. I got some cents from their launchpool for xai lol. Usdt staking not much profitable, you'll get 8x less comparing to bnb. So people choice bnb but volatility matters when your staking bnb. Finally it's not that good at all

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Quote from: sunsilk on January 18, 2024, 08:48:54 AM

Quote from: Ultegra134 on January 15, 2024, 07:01:48 PM

According to Cryptocult, a Twitter account that has been focusing on Launchpool projects, Manta is likely to be worth $1.5 to $2.5 per coin, while an optimistic approach would be anywhere from $3 to $5.

Well, the two-day staking period won't yield much coins unless you have a large amount of BNB, so for the majority of us who don't, this Launchpool doesn't seem like a big deal.

I have received mine but it is not that much and I can't wait for it to reach those prices. So, I just treated it as the typical airdrop and that's a nice $10 for me.

A free money. It may not that be much but it's still free money and this is going to continue as long as there will be more projects that will be on their launchpool.

I start to see some folks that have got more than 100-160 BNB on the vault and they've got around $600 worth of free money.

I would guess that people who have a lot of money do not see a point of not taking that free money, normally it was people like us, like people who take that ten bucks and be happy about it, it is not much work and it is free so why not take it. But we are not that rich, so taking that free money made us happy all the time, it doesn't matter how much, if you give us free money the new will always be happy to take it.

However, I am seeing those big bucks people to get involved as well lately, and usually they do not bother with it since it is not a lot of money but I am seeing them get more and more common these days which is why I keep saying that we are getting closer to bull run because those rich folks are not around during the bear run, but they get more crowded when it is nearing the bull season.

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Quote from: |MINER| on January 07, 2024, 03:56:46 AM

Yes I think that binance launch pool is a good way to earning some good profit if you are a bnb holder. Even then it's a risky to holding fund on centralised exchanger. I have already doing hold bnb on flexible earning and I am very happy to get some binance pool token when I got some from launch pool I did immediate convert to them on stable coin.

quite solid way to increase the capital but its essentially just a staking but rewarded in form of new coin that might fluctuate a lot, but then again the APY are definitely higher than just outright staking stablecoin or some BNB directly.
but its undeniable that we as a shrimp just got beaten around by the whales dominating the staking scene that they made hundred grand and we just getting some small share as many people have said.
though overall if its combined with the fact that we are nearing bullrun and we should be ready that some coin and that might also include BNB to spike high in price then its probably the most solid way to grow capital risk free there is.
the reward is guaranteed, the safety of the money is guaranteed can't ask more with this thing also the thats why it attracts so many whales..
hopefully though BNB might also be affected in positive way by these many launchpool to add demand to the coin, but maybe whales are already accumulating BNB enough to follow stake and earn good amount anyway.

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Quote from: Mate2237 on January 18, 2024, 01:03:11 PM

Quote from: Dunamisx on January 18, 2024, 06:46:32 AM

The way people accept the use of the Binance launchpad projects are very small compared to how they patronizes these new crypto projects individual from their sites because of the profitability in it, the way these coins will yield profit on their presale offers compared to when listed on Binance launchpad projects will be different, though everything that has advantage also have it's disadvantages, there's more risk investigating on cryptocurrencies not yet listed, they may fail to perform well.

Many people are not aware of the Binance launchpool. I have not also seen it before but I will try to check nit out tomorrow morning. If many people know that they can make money from it then people would have using it frequently. This is an another way Binance is using to attract people to it service to make traffic. It is a marketing strategy. And that f people are making small profit from nit then later years, they will make good profit from it.

I believe you are new to cryptocurrency so for you not to know anything about launch pool, maybe you just have to seat down and watch from the window of your room. You can't tell me that many people in the space do not know about launch pool, every exchange has there launch pool so because you don't have idea on it does not mean that many do not know about it. Cryptocurrency is a space for learning especially when we have no idea about what we are taking about. We keeping learning for as long as we are alive.

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Quote from: Dunamisx on January 18, 2024, 06:46:32 AM

The way people accept the use of the Binance launchpad projects are very small compared to how they patronizes these new crypto projects individual from their sites because of the profitability in it, the way these coins will yield profit on their presale offers compared to when listed on Binance launchpad projects will be different, though everything that has advantage also have it's disadvantages, there's more risk investigating on cryptocurrencies not yet listed, they may fail to perform well.

Many people are not aware of the Binance launchpool. I have not also seen it before but I will try to check nit out tomorrow morning. If many people know that they can make money from it then people would have using it frequently. This is an another way Binance is using to attract people to it service to make traffic. It is a marketing strategy. And that f people are making small profit from nit then later years, they will make good profit from it.

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Quote from: Ultegra134 on January 18, 2024, 09:57:28 AM

I'd consider buying more BNB, but its high price makes it a risk-free asset. I'll perhaps reconsider if it drops below $300 sometime in the future.

Check this out mate. https://twitter.com/_RichardTeng/status/1748002280895340763?t=Fo5aFut5It_NOwXh8BqKOA&s=19

Id think you definitely reconsider considering the new CEO is on game with the launchpool series. I think this will be continous till the bull run and definitely will not let bnb out of sight for those big projects that will conduct launchpool. Also theres none launchpaf yet since then so probably they are brewing a grand launch for new project that will be out soon.

Topic: Binance Launchpool, a possible earning opportunity? - page 4. (Read 1250 times)