Well you know launchpools in general, and I believe they are not so bad considering their nature is to provide the best APRs and rewards to users. But to be honest this is one of my options in case of searching for earning opportunities.
But launchpools are not available at all times, and honestly binance hosted it a long time ago, so I focused on other CEXs like Bitget and staked their native token as you would call BGB or BNB across a few projects between early and mid-July and the returns were better than I expected. Some of the pools like Pump and ENA offered really high APRs. Even some pages acknowledge profitability of launchpools so I really think it's a good option
So that's how it goes with launchpools, You hold it, get access to early project rewards, and still benefit if the token price climbs. This strategy worked this month for me with both staking rewards and BGB’s price going up.
What do you guys think of pariticipating in launchpools?
But launchpools are not available at all times, and honestly binance hosted it a long time ago, so I focused on other CEXs like Bitget and staked their native token as you would call BGB or BNB across a few projects between early and mid-July and the returns were better than I expected. Some of the pools like Pump and ENA offered really high APRs. Even some pages acknowledge profitability of launchpools so I really think it's a good option
So that's how it goes with launchpools, You hold it, get access to early project rewards, and still benefit if the token price climbs. This strategy worked this month for me with both staking rewards and BGB’s price going up.
What do you guys think of pariticipating in launchpools?