Binance Launchpool, a possible earning opportunity?

[Ultegra134]

Well, I was rather talking about when the launchpad project goes live and gets listed and you trade it. What happened to me was trading a token that just finished their launchpad. That’s where I meant risk. So, I reread and understood that OP is talking about the calculation period of 30 days which happens before the token listing. However, there’s still risk because you’re doing this on a centralized exchange. What if something happens and there comes a story saying that the money in the vault where people staked their BNB has this or that issue or hack? Doing anything in a centralized exchange is by default a risk. Honestly.

Billions are being transacted through exchanges daily, especially on Binance, which has the largest volume of all. I personally don't believe that something can easily influence Binance, nor that it can simply be hacked one day and disappear from existence. Just because similar things have happened to other exchanges doesn't mean that they'll also occur on Binance. On top of that, if something like you described happened, it would have an immense effect on cryptocurrencies as a whole, as it's the largest exchange; it would put a huge dent on cryptocurrencies, and nobody would trust them or centralized exchanges ever again.

With that being said, us losing funds, which aren't a huge sum of money either, will probably be the least of our issues, as everything would start to collapse.

[oktana]

Well, I was rather talking about when the launchpad project goes live and gets listed and you trade it. What happened to me was trading a token that just finished their launchpad. That’s where I meant risk. So, I reread and understood that OP is talking about the calculation period of 30 days which happens before the token listing. However, there’s still risk because you’re doing this on a centralized exchange. What if something happens and there comes a story saying that the money in the vault where people staked their BNB has this or that issue or hack? Doing anything in a centralized exchange is by default a risk. Honestly.

Billions are being transacted through exchanges daily, especially on Binance, which has the largest volume of all. I personally don't believe that something can easily influence Binance, nor that it can simply be hacked one day and disappear from existence. Just because similar things have happened to other exchanges doesn't mean that they'll also occur on Binance. On top of that, if something like you described happened, it would have an immense effect on cryptocurrencies as a whole, as it's the largest exchange; it would put a huge dent on cryptocurrencies, and nobody would trust them or centralized exchanges ever again.

With that being said, us losing funds, which aren't a huge sum of money either, will probably be the least of our issues, as everything would start to collapse.

You sound so deep into their service. It seems as though they have really made you trust them till you do not worry about something that is actually valid. I use binance, so it’s not as if I don’t use it, but I don’t hold my funds there. No matter how trusted and how strong, it is a centralized exchange. By using any CEX (any one at all), you aren’t the one who is in complete charge of your money. I use them but I am so conscious about this. Hopefully someday it doesn’t happen and something goes wrong. Maybe a hack, etc. but it is actually possible even if Binance is the most popular or whatever title we may want to say.

[Ultegra134]

You sound so deep into their service. It seems as though they have really made you trust them till you do not worry about something that is actually valid. I use binance, so it’s not as if I don’t use it, but I don’t hold my funds there. No matter how trusted and how strong, it is a centralized exchange. By using any CEX (any one at all), you aren’t the one who is in complete charge of your money. I use them but I am so conscious about this. Hopefully someday it doesn’t happen and something goes wrong. Maybe a hack, etc. but it is actually possible even if Binance is the most popular or whatever title we may want to say.

I've made a decent sum of money through their Launchpool projects, so I don't' see why not. As I've also mentioned in my previous post, billions are being transacted on Binance; if something were to happen to it, it would have an immense effect on the market and cryptocurrencies. I don't disagree; my Bitcoin is not on any exchange, not because of safety concerns, but because I don't want a centralized service that has all my details, including my ID and perhaps my tax identification number, to know how much money I've got.

Sheepless AI's launchpool is ending in approximately two hours. We'll see how it progresses tomorrow, when it's listed at 10:00 UTC. Moreover, another project was announced, again, XAI, for 4 days, starting on January 5. We'll see how that goes.

[Belarge]

Billions are being transacted through exchanges daily, especially on Binance, which has the largest volume of all. I personally don't believe that something can easily influence Binance, nor that it can simply be hacked one day and disappear from existence. Just because similar things have happened to other exchanges doesn't mean that they'll also occur on Binance. On top of that, if something like you described happened, it would have an immense effect on cryptocurrencies as a whole, as it's the largest exchange; it would put a huge dent on cryptocurrencies, and nobody would trust them or centralized exchanges ever again.

With that being said, us losing funds, which aren't a huge sum of money either, will probably be the least of our issues, as everything would start to collapse.

In all my years of existence in the space, I've never come across scam connecting to my binance account because the exchange is top and reliable, their security are very tighten uncomparable to other exchanges. Losing funds do actually influence our minds to do wrong things and I'm acquainted prior to the motives generated whenever we lose. Binance is top crypto exchange and it would be really difficult before it's been hacked. I've slight challenges but trying my best to recover from the losses recorded, almost liquidated my binance portfolio.

[|MINER|]

Yes I think that binance launch pool is a good way to earning some good profit if you are a bnb holder. Even then it's a risky to holding fund on centralised exchanger. I have already doing hold bnb on flexible earning and I am very happy to get some binance pool token when I got some from launch pool I did immediate convert to them on stable coin.

[Sophokles]

Billions are being transacted through exchanges daily, especially on Binance, which has the largest volume of all. I personally don't believe that something can easily influence Binance, nor that it can simply be hacked one day and disappear from existence. Just because similar things have happened to other exchanges doesn't mean that they'll also occur on Binance. On top of that, if something like you described happened, it would have an immense effect on cryptocurrencies as a whole, as it's the largest exchange; it would put a huge dent on cryptocurrencies, and nobody would trust them or centralized exchanges ever again.

With that being said, us losing funds, which aren't a huge sum of money either, will probably be the least of our issues, as everything would start to collapse.

In all my years of existence in the space, I've never come across scam connecting to my binance account because the exchange is top and reliable, their security are very tighten uncomparable to other exchanges. Losing funds do actually influence our minds to do wrong things and I'm acquainted prior to the motives generated whenever we lose. Binance is top crypto exchange and it would be really difficult before it's been hacked. I've slight challenges but trying my best to recover from the losses recorded, almost liquidated my binance portfolio.

To be listed on an exchange like binance a project needs to have strong backing behind them or they needs to have a strong community. It is true that every new project that got listed in binance give investors good profit in its early stages as listing on binance is bullish news for a project. But if you look closely, you will see binance is also a place for dead or abandoned projects that got delisted after one or two years of listing because of their inactivity. So the long-term listing on binance can not provide a project survival guarantee.

[Ultegra134]

The token XAI was listed today; I sold almost immediately after it was listed and made a quick $15 profit in the 4 days the launchpool was running—not too bad but not great either. I could have made more if I waited, because it has now risen in price, but I'm at work and couldn't bother looking at a random token's price every single minute. So far, no new projects have been announced, while the APYs on stablecoins such as USDT and FDUSD are ridiculously low at the moment. I'll possibly wait a few days to see if another project is announced or the APYs increase; otherwise, I'll consider moving my funds to a different platform.

[Ultegra134]

A new project was announced this morning and is about to go live in Binance's Launchpool in the next hour. The Manta coin will be available for staking for only two days. 80% of the total allocated rewards will be through the BNB pool, and the other 20% will come from the FDUSD one.

According to Cryptocult, a Twitter account that has been focusing on Launchpool projects, Manta is likely to be worth $1.5 to $2.5 per coin, while an optimistic approach would be anywhere from $3 to $5.

Well, the two-day staking period won't yield much coins unless you have a large amount of BNB, so for the majority of us who don't, this Launchpool doesn't seem like a big deal.

[Ultegra134]

Although I don't see a lot of interest regarding Binance's Launchpool projects, I'm going to turn this topic into the "Official" thread to discuss any announcements, newly listed projects, and general concerns regarding this matter. The Manta coin was listed on Binance a few minutes ago; unfortunately, I was at work and missed the boosted launch, but I still managed to yield a profit of $35 within two days, which is quite decent for such a short time period.

At exactly midnight, 19/01 00:00 (UTC), a new coin, AltLayer (ALT), will be introduced on the Launchpool and available for farming through BNB and FDUSD for 6 days. It will then be listed for trading one day after the farming ends, on January 25, 2024, at 10:00 (UTC).

[Dunamisx]

The way people accept the use of the Binance launchpad projects are very small compared to how they patronizes these new crypto projects individual from their sites because of the profitability in it, the way these coins will yield profit on their presale offers compared to when listed on Binance launchpad projects will be different, though everything that has advantage also have it's disadvantages, there's more risk investigating on cryptocurrencies not yet listed, they may fail to perform well.

[cryptoaddictchie]

The Manta coin was listed on Binance a few minutes ago; unfortunately, I was at work and missed the boosted launch, but I still managed to yield a profit of $35 within two days, which is quite decent for such a short time period.

I think its still early since the trading just started. At what price did you able to sell off your tokens? Thats a pretty amazing profits considering you are staking the tokens.
I am still setting my launchpool tokens at $3 and hopefully it got sold at that. Im not sure what happened when the withdrawal from airdrop and paradigm got open the price would definitely sell of their free tokens.

[sunsilk]

According to Cryptocult, a Twitter account that has been focusing on Launchpool projects, Manta is likely to be worth $1.5 to $2.5 per coin, while an optimistic approach would be anywhere from $3 to $5.

Well, the two-day staking period won't yield much coins unless you have a large amount of BNB, so for the majority of us who don't, this Launchpool doesn't seem like a big deal.

I have received mine but it is not that much and I can't wait for it to reach those prices. So, I just treated it as the typical airdrop and that's a nice $10 for me.

A free money. It may not that be much but it's still free money and this is going to continue as long as there will be more projects that will be on their launchpool.

I start to see some folks that have got more than 100-160 BNB on the vault and they've got around $600 worth of free money.

[Ultegra134]

I think its still early since the trading just started. At what price did you able to sell off your tokens? Thats a pretty amazing profits considering you are staking the tokens.
I am still setting my launchpool tokens at $3 and hopefully it got sold at that. Im not sure what happened when the withdrawal from airdrop and paradigm got open the price would definitely sell of their free tokens.

Well, you did good. I sold at approximately $2.30, and it's now at almost $2.5. I could have waited a while; I would have made something extra. Nonetheless, it's basically free money. I don't have much BNB; thus, I mostly stake in FDUSD. You can achieve much greater returns if you have a large amount of BNB, as the majority of the farming is allocated through BNB. I'd consider buying more BNB, but its high price makes it a risk-free asset. I'll perhaps reconsider if it drops below $300 sometime in the future.

[Essential10]

I have never had luck making money from binance lunchpool before. I wouldn't call binance lunchpool completely safe but binance lunchpool has a chance to profit. As far as I know, Binance Launchpool is a platform that allows users to farm new assets with staked assets. It is possible for some people to earn money through Binance Launchpool through various means such as staking or trading. I've seen a lot of information about Binance Launchpool online, but it's safe to beware of possible scams or fraudulent schemes that may be circulating on social media or YouTube. I would like to say, always verify the validity of any investment opportunity before getting involved in such schemes.

[shinratensei_]

Yes I think that binance launch pool is a good way to earning some good profit if you are a bnb holder. Even then it's a risky to holding fund on centralised exchanger. I have already doing hold bnb on flexible earning and I am very happy to get some binance pool token when I got some from launch pool I did immediate convert to them on stable coin.

I guess its gonna be relatively safe holding money in binance they got billions in their arsenal to give reimbursement if things went wrong, thats the advantage of using big exchange just so much assurance given but im more concerned with launchpool honestly it just doesn't seem to give that much profit I mean, it is safe yes, a much more safer and sure way to earn some good coin initially without the need to do some complicated thing like following retroactive and so on but honestly the reward so far has been so low i've been staking BNB also and it just doesn't satify the profit im seeking I think its more better to trade with the new coin anyway with the price swinging that occurred so often than average coin out there definitely a good way to earn money than earning peanut from staking BNB.

in the other hand usually the project that are having some launchpool in binance are also having their own program of earning the coin like airdrop and so on and unsurprisingly they are getting some good amount by just doing some tasks its unlike staking but of course the risk is also higher to lose our money also to waste money for fee alone, still wonder which one is more worth it though.
after all, doing airdrop task doesn't seem to be that difficult either.

[cryptoaddictchie]

I'd consider buying more BNB, but its high price makes it a risk-free asset. I'll perhaps reconsider if it drops below $300 sometime in the future.

Check this out mate. https://twitter.com/_RichardTeng/status/1748002280895340763?t=Fo5aFut5It_NOwXh8BqKOA&s=19

Id think you definitely reconsider considering the new CEO is on game with the launchpool series. I think this will be continous till the bull run and definitely will not let bnb out of sight for those big projects that will conduct launchpool. Also theres none launchpaf yet since then so probably they are brewing a grand launch for new project that will be out soon.

[Mate2237]

The way people accept the use of the Binance launchpad projects are very small compared to how they patronizes these new crypto projects individual from their sites because of the profitability in it, the way these coins will yield profit on their presale offers compared to when listed on Binance launchpad projects will be different, though everything that has advantage also have it's disadvantages, there's more risk investigating on cryptocurrencies not yet listed, they may fail to perform well.

Many people are not aware of the Binance launchpool. I have not also seen it before but I will try to check nit out tomorrow morning. If many people know that they can make money from it then people would have using it frequently. This is an another way Binance is using to attract people to it service to make traffic. It is a marketing strategy. And that f people are making small profit from nit then later years, they will make good profit from it.

[Bushdark]

The way people accept the use of the Binance launchpad projects are very small compared to how they patronizes these new crypto projects individual from their sites because of the profitability in it, the way these coins will yield profit on their presale offers compared to when listed on Binance launchpad projects will be different, though everything that has advantage also have it's disadvantages, there's more risk investigating on cryptocurrencies not yet listed, they may fail to perform well.

Many people are not aware of the Binance launchpool. I have not also seen it before but I will try to check nit out tomorrow morning. If many people know that they can make money from it then people would have using it frequently. This is an another way Binance is using to attract people to it service to make traffic. It is a marketing strategy. And that f people are making small profit from nit then later years, they will make good profit from it.

I believe you are new to cryptocurrency so for you not to know anything about launch pool, maybe you just have to seat down and watch from the window of your room. You can't tell me that many people in the space do not know about launch pool, every exchange has there launch pool so because you don't have idea on it does not mean that many do not know about it. Cryptocurrency is a space for learning especially when we have no idea about what we are taking about. We keeping learning for as long as we are alive.

[JeffBrad12]

Yes I think that binance launch pool is a good way to earning some good profit if you are a bnb holder. Even then it's a risky to holding fund on centralised exchanger. I have already doing hold bnb on flexible earning and I am very happy to get some binance pool token when I got some from launch pool I did immediate convert to them on stable coin.

quite solid way to increase the capital but its essentially just a staking but rewarded in form of new coin that might fluctuate a lot, but then again the APY are definitely higher than just outright staking stablecoin or some BNB directly.
but its undeniable that we as a shrimp just got beaten around by the whales dominating the staking scene that they made hundred grand and we just getting some small share as many people have said.
though overall if its combined with the fact that we are nearing bullrun and we should be ready that some coin and that might also include BNB to spike high in price then its probably the most solid way to grow capital risk free there is.
the reward is guaranteed, the safety of the money is guaranteed can't ask more with this thing also the thats why it attracts so many whales..
hopefully though BNB might also be affected in positive way by these many launchpool to add demand to the coin, but maybe whales are already accumulating BNB enough to follow stake and earn good amount anyway.

[justdimin]

According to Cryptocult, a Twitter account that has been focusing on Launchpool projects, Manta is likely to be worth $1.5 to $2.5 per coin, while an optimistic approach would be anywhere from $3 to $5.

Well, the two-day staking period won't yield much coins unless you have a large amount of BNB, so for the majority of us who don't, this Launchpool doesn't seem like a big deal.

I have received mine but it is not that much and I can't wait for it to reach those prices. So, I just treated it as the typical airdrop and that's a nice $10 for me.

A free money. It may not that be much but it's still free money and this is going to continue as long as there will be more projects that will be on their launchpool.

I start to see some folks that have got more than 100-160 BNB on the vault and they've got around $600 worth of free money.

I would guess that people who have a lot of money do not see a point of not taking that free money, normally it was people like us, like people who take that ten bucks and be happy about it, it is not much work and it is free so why not take it. But we are not that rich, so taking that free money made us happy all the time, it doesn't matter how much, if you give us free money the new will always be happy to take it.

However, I am seeing those big bucks people to get involved as well lately, and usually they do not bother with it since it is not a lot of money but I am seeing them get more and more common these days which is why I keep saying that we are getting closer to bull run because those rich folks are not around during the bear run, but they get more crowded when it is nearing the bull season.