Topic: Binance Launchpool, a possible earning opportunity? - page 7. (Read 1181 times)

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 sweet quick profits for you. The important thing here is you can bear the risk and is totally fine leaving that couple of thousand on Binance. Whether you are aware or not with the keys matter, the important matter to you is you understand all of these and you're making a money from it. Just like what happened to you, that's one advantage of having a larger fund being on that launched pool and it happens not that usually but more chances to repeat.

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.

I have participated in some in the past, such as football team tokens, coin98, alice, etc.

I'm always afraid of keeping a lot of money in a brokerage, so I participate with little, it's always more interesting with BNB, but you have the risk of the altcoin's volatility.

I haven't participated in a long time, is it worth participating nowadays?

You are right, those projects are useless still from investment perspective it can yield returns but is it possible to find the projects from the pool of projects, and even if we do we only got short time frame to profit out or else the project will drag down once the hype is over so I would better stay away from it instead of risking and thinking that whether I made the right decision with my money.

Similar to other capital attraction platforms, launchpool also has its own challenges. In cases where the participation volume is too large, there are not too many expectations of profits, and there are also risks when BNB price drops, priority with stable pools is really too narrow. But it is an investment that has the potential to increase profits and risks, so if you accept it, I think there is not too much to think about. And with Binance, their reputation has been proven, pumping is good but remember that anything can happen with centralized services. FTX is a more realistic example for us. But of course, at this stage I also have to admit that the chances of making a profit are better.

Isn't that logical? The more money you stake, the higher the reward. Although with Launchpool, you're unaware of details such as APY and the price of the token because that's usually listed some time after it's over, the logic of standard staking still applies. Even though I understand your point, even I keep my Bitcoin off exchanges, not only because I'd have zero actual control over them but also because Binance has all our personal details, and I'd rather not acknowledge to them how much I'm earning. With that being said, I don't find it a huge threat nor a taxation issue to hold a few thousand on Binance; it's transactioning billions of dollars worth of cryptocurrency; thus, I find your argument a little exaggerated.

NFPrompt's trading will open in the next few minutes, and we'll see if it was ultimately worth it this time as well.

Edit: Just sold my NFP coins, wasn't too keen on holding them, made a $60 quick profit in a week, with minimal risk and less than $5.000 in capital. I'd say it's not too shabby.

I have tried but definitely the reward that you'll get there will also depend on how much you staked on their pool. Of course that's the condition that must be met and I think that it's just good extra money at all because I am not willing to take risk with it leaving huge funds on them. But if the status of the person will do that is just like you and willing to put much money on it that you won't be needing anymore and actually just extra money, it's a fine other source since most of us are aware about keeping funds in exchanges and having no keys.

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?