Quote from: albon on December 28, 2023, 09:13:12 PM

Quote from: Ultegra134 on December 26, 2023, 07:28:34 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.

That's something I also noticed, and it's a bummer. I believe that all their launch pools are run that way. I don't have much BNB either—less than a single coin, to be honest. There are currently 14 million BNB staked in Sheepless AI and approximately 2 billion in the other two stablecoins together. With BNB worth approximately $300, it's over 4 billion dollars worth of BNB staked. They're practically encouraging you to acquire BNB to receive more tokens from Launchpools, something I'm not too fond of because the risk-free term ceases to apply.

Quote from: el kaka22 on Today at 05:12:52 AM

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.

I already had some BNB and a few thousand stablecoins. The only risk involved with a project not hitting off is the potential loss of income that I'd receive from other staking sources. Right now, for instance, USDT and FDUSD have a decent APY; if I made more through them during the launchpool staking period rather than with the launchpool tokens, then it was a failure.

Quote from: LogitechMouse on Today at 06:05:29 AM

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

Certainly not. I wouldn't purchase BNB in hopes of receiving greater returns on some random token; I already have some from the past, so it eventually pays off. The risk of BNB losing its value is far greater than what these tokens are worth. It's a great opportunity for long-term holders and supporters of BNB, and now that I'm thinking of it, if I had noticed from scratch how the rewards are allocated, I possibly would have bought some more BNB when it was more affordable.