Quote from: AmoreJaz on January 04, 2024, 09:01:02 PM

Quote from: nelson4lov on January 04, 2024, 08:49:06 PM

I'm not 100% sure yet but I heard a couple of folks saying that Binance is trying to get their investments in several projects out as soon as possible. This is why they're giving them launchpool opportunity which unlocks access to be listed directly on Binance. The result of this is to recoup back some of their fundings to cover the following:

The $4.3B fine they had to pay
CZ court case will be super expensive

They have to recoup those funds somehow and launching "binance Labs" funded so it would have a good price discovery. For instance, ACE had a listing price of over $16.

such move of course has valid business reasons because they need to generate income for such expensive items they need to address very soon. as long as they are running legit ways to earn income, why not? after all, there's a reason why they are still leading among the trading platforms even if they have such issues with the authorities. seems that users are not bothered by such issues because they are still doing the same business as usual. besides, your funds are SAFU in their platform.

I have no problem with Binance Launchpad sales. As a matter of fact, I used to be a participant. I was only pointing out why we have been seeing more and more launchpools on binance in recent times.

And yes, I don't think there's an inherent legal problem with binance launch pool. But their launchpad sales will definitely raise a lot of eye brows since they're actually selling tokens to users as opposed to launchpool where users are given tokens for free proportional to the amount of funds that was staked.

Quote from: Odusko on Today at 09:38:23 PM

I have not really been lucky with some of those newly launched coins on binance or any other exchange, I have hard several bad experience from them, since majority of those coins are just hyped pumped and dumped coins without any possible long term value.
Best you just gamble on them and never put too much funds into them, and don't also beat yourself for missing out on buying some of them.

Why would anyone buy a token when it's at price discovery phase? That's essentially a gamble that could go either way. Launchpool is actually risk feee to participate when the program is active — no need to be lucky since the amount of tokens you get is dependent on the total amount of funds staked by all users participating in that particular launchpool.