Re: Binance Launchpool, a possible earning opportunity?
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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.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?
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? 