Binance Launchpool, a possible earning opportunity? - page 6.

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

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I personally believe that if these projects are taken advantage of through Launchpool, it's basically risk-free money. The only thing you're risking is the opportunity cost of the money you're putting into staking.

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

I tried the last one which is the Fusionist (ACE). I only bought 100$ worth of BNB and staked it there for the whole 5 days. For the whole 5 days, I only get I think around 0.24 ACE which is immediately sold for around 4$. It's my first time joining the launchpool, and it's risk-free. If you're a long-time holder of BNB, joining this launchpool would be beneficial for you because it's free money.

The only risk with this one is the fact that the price of BNB might go down anytime. I don't know if you can take out your BNB or stablecoins during the farming time. Launchpool a possible earning opportunity? Yes because it's kind of airdrop in the sense that they are giving you free tokens that already have a value because, in the future, these tokens will be listed on the exchange.

Is it worth it? As I said, if you're not a long-term holder of BNB, and you will just buy BNB for the sake of the launchpool like me, it isn't worth it, but aside from that, if you have many BNB in your portfolio then it's good to park it into these type of projects. Take note that the bull run is coming so we might see many projects that will be launched under Binance Launchpool.

Maybe it's the time to buy? Grin

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I wouldn't say "risk-free" but it is definitely a likely outcome that they would go up after release, which means that you do have a chance to make a profit. I know that many people approach it carefully because you are basically investing your money into something that doesn't even exist on any level, and just betting your money that when it is released, so basically when it starts to exist, it will worth more than you invested.

That does make some people some money, but there are plenty of projects that just crashed to zero as well, it is not unheard of and that's why many fear it. I would suggest if anyone cared to join this, then it would be a smart move to just focus on making money based on small capital, just put very little into them.

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

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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.

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Quote from: Ben Barubal on December 28, 2023, 07:58:08 PM

In terms of earnings, you can actually get rewards from those; it's impossible to have nothing as long as you allocate an investment amount here. But of course, like the traditional way, if the capital you set aside for their launchpad is big, the profit you will get is also big, and if it is small, don't expect that you will get a lot.

That is to say, whatever measure you used is the same measure that will be used for what you earned here. That's the only logic I've seen in what Binance Launchpad is doing; it's based on what I experienced on their platform before.

also do remember, it depends also in the investment that you will choose and opt to hold. not all projects in the launchpool are worth holding long-term even if we say it is on binance.

as i said, there's no guarantee that every project in binance will be worth holding onto. and much better if you will also do your own due diligence when it come to searching for worthwhile projects.

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In terms of earnings, you can actually get rewards from those; it's impossible to have nothing as long as you allocate an investment amount here. But of course, like the traditional way, if the capital you set aside for their launchpad is big, the profit you will get is also big, and if it is small, don't expect that you will get a lot.

That is to say, whatever measure you used is the same measure that will be used for what you earned here. That's the only logic I've seen in what Binance Launchpad is doing; it's based on what I experienced on their platform before.

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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?

I had tried participating in a project's launchpool, using the USDT, which the FDUSD has now replaced. Participation was useless because those who staked the USDT only received 20% of the allocation of the project's tokens. As for those who stake the BNB, they received 80%, and what I found frankly is that whales and those who have large amounts of money will have this matter profitable for them, as they will receive a large percentage of the allocations thanks to the vast capital that they have and their possession of a large number of BNB. As for those with small capitals and those holding stablecoins, the situation is different for them, and what I see is that the price of BNB may move upward immediately after Binance starts launching the project on the Launchpool and after Launchpool ends and the project's taken be listed on Binance, whales may start selling incrementally, which could lead to a massive loss for BNB holders more than the profits they made from Launchpool, I generally do not prefer tokens backed by centralized exchange platforms.

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Quote from: Bushdark on December 28, 2023, 01:19:45 PM

I don't really like the Binance launchpool because it is only for those that have large tokens to stake for them to have more bigger positions in the launch pool. The more tooken you stake the more liable and position one is going to get for a bigger spot.
For their users that have little amount to stake, they will not get upto a reasonable amount they can hold before the project is launched.
The only way to calm new tokens that is going to be launched and shared through the launched pool is to join the pool.

That seem to me a general issue, not related to Binance or it's launchpools: the more you own (or put it differently, the more you can risk), the higher the potential rewards. Show me one, just one, alternative where you can get a lot of (certain) reward with only a little investment. Sure, you can invest in a coin that suddenly explodes in price, but to find one of those is like winning in lottery. And for every to-the-moon coin, you have hundreds if not thousands similar ones that are scams or go bust.

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Quote from: pvk444 on December 28, 2023, 01:06:26 PM

It is absolutely worth it, particularly if you already have the relevant assets (i.e. BNB, TUSD, FDUSD etc.) on Binance. If you do, then it's free money, and can amount to quite a bit. Although it's risky when the market is very volatile and upward trending, I did find it profitable to move some other assets into BNB just to participate in the launchpools / launchpads. I tried a range of other well-known launchpads over the last 4 years, but none of them achieved the return as with the Binance launchpools (mostly due to the lock-up period imposed on other launchpads vs. none on Binance)

Used to have TUSD, Binance's Launchpool was the only reason I was keeping them. I've switched to FDUSD now, because TUSD was often below the $1 peg, losing as much as $10 on a few thousands worth of stablecoins was a little annoying. USDT and FDUSD staking offer quite decent APYs at the moment, thus, there certainly is some risk involved, in terms of opportunity cost.

Quote from: Bushdark on December 28, 2023, 01:19:45 PM

I don't really like the Binance launchpool because it is only for those that have large tokens to stake for them to have more bigger positions in the launch pool. The more tooken you stake the more liable and position one is going to get for a bigger spot.
For their users that have little amount to stake, they will not get upto a reasonable amount they can hold before the project is launched.
The only way to calm new tokens that is going to be launched and shared through the launched pool is to join the pool.

That's how the world goes around, your earnings are correlated on how much capital you have, just because you have a smaller capital doesn't mean you're prohibited from the Launchpool nor from the earning opportunities.

Quote from: rhomelmabini on December 27, 2023, 05:59:03 PM

Well, it's still risky especially if you stake BNB instead of the stables. Right now it's farming AI and if you have good amount of assets to stake that will be worth it but even I've been farming for over $4k in the end I just get around maximum of $100 when the token gets listed out there. It's worth a try if you're early, if you have lot of assets to stake at all.

That's a decent profit for such a short time period. I've made over $250-$300 from the Launchpool projects, with a smaller capital than yours, not too shabby.

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Join the trend, make a profit, get out. Those new projects that are listed into Binance have no purposes as you have already mentioned but the involvement of the world's top centralized exchange platform really boost them. Investors like you are there to take the advantage and make a profit and then sell everything to exit. Those who look for long-term investment profit in those projects are the ones who will face loss in the end.

If you can manage to take the advantage and exit quickly after making the profit, then it's all good. Follow the trend and sell when it's time. This is a skill that is hard to master. So I will not recommend this to everyone. If you have the skill only then you should get yourself involved in this.
Not your financial advisor. Do your own research.

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I don't really like the Binance launchpool because it is only for those that have large tokens to stake for them to have more bigger positions in the launch pool. The more tooken you stake the more liable and position one is going to get for a bigger spot.
For their users that have little amount to stake, they will not get upto a reasonable amount they can hold before the project is launched.
The only way to calm new tokens that is going to be launched and shared through the launched pool is to join the pool.

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

Hello there, and Merry Christmas to everyone!

First of all, I'd like to state that I'm in no way affiliated with Binance, nor am I a large fan of centralized exchanges. I keep the majority of my funds, especially Bitcoin, off exchanges for the known reasons that have been discussed on the forum multiple times, and I'm not going to repeat them again, except for some stablecoins, which aren't a huge amount but still a decent sum of money. So, without further ado, let's return to the subject.

I've been participating in Binance's Launchpool since late July, with the first project that I staked, the coin Pendle. I didn't stake for the whole 30 days it was available in order to have the full picture, but it wasn't worth staking my coins there rather than on a different platform. All other options after that, SEI, Cyber, MEME, Neutron, with the last one being Fusionist (ACE), yielded great results, especially the last one, in which I regret participating only for a day or two.

So far, I've had great returns. Keep in mind that I acknowledge that most of the coins being listed there have no actual purpose, nor do I have faith in them, nor are they to be held for long-term purposes; they're simply pumped due to Binance's intervention, and I'm taking advantage of that. Currently, another coin, NFPrompt, is listed, shortly after ACE was discontinued, and another one was announced today.

I personally believe that if these projects are taken advantage of through Launchpool, it's basically risk-free money. The only thing you're risking is the opportunity cost of the money you're putting into staking.

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

It is absolutely worth it, particularly if you already have the relevant assets (i.e. BNB, TUSD, FDUSD etc.) on Binance. If you do, then it's free money, and can amount to quite a bit. Although it's risky when the market is very volatile and upward trending, I did find it profitable to move some other assets into BNB just to participate in the launchpools / launchpads. I tried a range of other well-known launchpads over the last 4 years, but none of them achieved the return as with the Binance launchpools (mostly due to the lock-up period imposed on other launchpads vs. none on Binance)

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Quote from: Beparanf on December 28, 2023, 11:54:12 AM

Quote from: tsaroz on December 28, 2023, 11:26:22 AM

Yes, you need a large balance upfront to be able to buy any significant amount of coin from launchpads of popular exchange like binance. And in places you could, the quality of tokens aren't good enough. The current hot place for launching an ICO is pinksale if you are into DEX but the locking period can be tricky as most meme coins these days are dead after months.
It's also a good idea to have the coin have its first pump and dump cycle and buy it on the dump. The price at that moment would come closer to the ICO price.

Pinksale is home of rugpull and honeypot projects since anyone can launch a token sale there without spending much money compared to popular launch pools. It’s very rare to find legit project on pinksale though. Launchpad from Bluezilla is much more reliable to join even though it requires to stake their own token but atleast it’s cheaper compared to Binance launchpool that is just being monopolize by whale and institutional trader that holds huge amount of the exchange token.

Launchpads with Binance is still better though of course you need to have a good amount of money for you to enjoy the possible earning opportunity and not all investor can get the same value with their investment. If you are able to spot a good project on the Launchpad of Binance much better but its not always there so make sure to diversify and have other good investments while waiting for the launchpad. Aside for Binance, I'm not investing into other launchpad since I know some site can easily be manipulated and can turn into a scam in an instant.

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Quote from: tsaroz on December 28, 2023, 11:26:22 AM

Yes, you need a large balance upfront to be able to buy any significant amount of coin from launchpads of popular exchange like binance. And in places you could, the quality of tokens aren't good enough. The current hot place for launching an ICO is pinksale if you are into DEX but the locking period can be tricky as most meme coins these days are dead after months.
It's also a good idea to have the coin have its first pump and dump cycle and buy it on the dump. The price at that moment would come closer to the ICO price.

Pinksale is home of rugpull and honeypot projects since anyone can launch a token sale there without spending much money compared to popular launch pools. It’s very rare to find legit project on pinksale though. Launchpad from Bluezilla is much more reliable to join even though it requires to stake their own token but atleast it’s cheaper compared to Binance launchpool that is just being monopolize by whale and institutional trader that holds huge amount of the exchange token.

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Quote from: cryptoaddictchie on December 27, 2023, 03:08:47 PM

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

I personally believe that if these projects are taken advantage of through Launchpool, it's basically risk-free money. The only thing you're risking is the opportunity cost of the money you're putting into staking.

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

Almost all of these are Binance backed projects so Ic an say their perfomance would be good. The only thing is this is for whales gamer. As long as you stake a lot of Bnb you would feel the profits or gains from earning those tokens. Anyway I am still joining up to now and can definitely see a high yield on these projects esepcially those top tier projects like sleepless AI and manta and many more.

All the time I see that the tokens supported by Binance do have a good impact, when the token is listed, the price rises thousands of percent, obviously this will benefit if they have a lot of tokens obtained.

Well that's the reality in binance there must be a lot of whales hoarding BNB that they bet for Launchpool this is unmitigated in the amount they have while we with a little at stake will get small tokens.

In essence, the more at stake the greater the profit, this is what whales do when there is a lauchpool token.

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Quote from: nelson4lov on December 28, 2023, 10:53:28 AM

Quote from: dansus021 on December 27, 2023, 10:23:22 PM

if you dont really trust the centralized exchange than is Binance Launchpool is not worth the money and time.

I tried dozen of Binance launch pool by simply stake my bnb and get reward since it is like airdrop when you stake and earn free token for me it is worth but at the end of staking days 100$ worth of BNB can only earn you maybe couple of dollar since Im broke so one dollar is really worth. Grin

I actually tried with 800$ BNB back couple year ago but still there is to much whale of BNB so it only earn you less and less

The amount of rewards you can get from participating in a Binance Launchpool opportunity is directly proportional to the amount of BnB you have and have deposited into the "pool" vs the total BNB deposited by other users. While it might not be worth it for you, It would be worth a lot to other users. It's simply a whale game of who deposited the highest amount of BNB.

If you think Launchpool rewards are diluted, just remember that Launchpad sale allocations are 10x more diluted.

Yes, you need a large balance upfront to be able to buy any significant amount of coin from launchpads of popular exchange like binance. And in places you could, the quality of tokens aren't good enough. The current hot place for launching an ICO is pinksale if you are into DEX but the locking period can be tricky as most meme coins these days are dead after months.
It's also a good idea to have the coin have its first pump and dump cycle and buy it on the dump. The price at that moment would come closer to the ICO price.

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Quote from: dansus021 on December 27, 2023, 10:23:22 PM

if you dont really trust the centralized exchange than is Binance Launchpool is not worth the money and time.

I tried dozen of Binance launch pool by simply stake my bnb and get reward since it is like airdrop when you stake and earn free token for me it is worth but at the end of staking days 100$ worth of BNB can only earn you maybe couple of dollar since Im broke so one dollar is really worth. Grin

I actually tried with 800$ BNB back couple year ago but still there is to much whale of BNB so it only earn you less and less

The amount of rewards you can get from participating in a Binance Launchpool opportunity is directly proportional to the amount of BnB you have and have deposited into the "pool" vs the total BNB deposited by other users. While it might not be worth it for you, It would be worth a lot to other users. It's simply a whale game of who deposited the highest amount of BNB.

If you think Launchpool rewards are diluted, just remember that Launchpad sale allocations are 10x more diluted.

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Quote from: dansus021 on December 27, 2023, 10:23:22 PM

if you dont really trust the centralized exchange than is Binance Launchpool is not worth the money and time.

I tried dozen of Binance launch pool by simply stake my bnb and get reward since it is like airdrop when you stake and earn free token for me it is worth but at the end of staking days 100$ worth of BNB can only earn you maybe couple of dollar since Im broke so one dollar is really worth. Grin

I actually tried with 800$ BNB back couple year ago but still there is to much whale of BNB so it only earn you less and less

Its not worth when Binance launching with new launchpool and you buy BNB around price up because when staking end usually BNB coins will drop to lower price, but worth for BNB holder exactly for me when get losses much in BNB investing on higher price. I can get recovery until waiting BNB return back to higher price and each launchpool earn more than $100.
Last launchpool NFP earned $90 and looks higher regarding 10 BNB staking but for holder and not recommended for staking BNB right now.
Binance launch with new launchpool today and end seven days later, actually is worth if you still hold BNB still lower price but if you want to buy right now and stake coins I worry seven days later after launchpool ended BNB price will get drop.

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if you dont really trust the centralized exchange than is Binance Launchpool is not worth the money and time.

I tried dozen of Binance launch pool by simply stake my bnb and get reward since it is like airdrop when you stake and earn free token for me it is worth but at the end of staking days 100$ worth of BNB can only earn you maybe couple of dollar since Im broke so one dollar is really worth. Grin

I actually tried with 800$ BNB back couple year ago but still there is to much whale of BNB so it only earn you less and less

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launchpool is usually done if there is a campaign for a new coin that will be listed.
and there are a lot of participants.
so even if you participate, the results you get are not big.
the same is the case with the launchpad that wants to buy the same coin as the ico which has a lot of interest in buying while the one being sold is limited so even though the price of the coin rises greatly the profit is not big. because the coins obtained from the launchpad are also not many.

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when we are talking about binance launchpool we are talking about how many capital you willing to shell out for the sake of getting that share of pie. its honestly just war of capital with the binance launchpool mainly those that have big capital get big rewards but honestly sometime with the big money you are staking its not that worth it, because usually people with big capital are just gonna dominate it.
but yes, its rather really low risk investment that if you think about it, doesn't matter if there are some people with big capital if we have the capital to stake its still worth it to try rather than letting our money just unused we can take advantage of this event.
i would honestly choose other launchpad from the other exchange though at this point, in binance its already too saturated meanwhile in the other exchange like bybit for example, its still an interesting place where even with relatively low capital you might still can score some good profit of course arguably, the reputation is less than binance so bear that in mind with these exchanges.

Topic: Binance Launchpool, a possible earning opportunity? - page 6. (Read 1181 times)