What's Your Experience(s) With Launchpools etc?

[Iamcrypticguy]

I've been exploring numerous methods of passive earning over the years aside from spot trading. These methods include staking, futures trading, OTC trading, bot trading, copy trading, and launchpool. I've achieved some successes along the way, and now I'm trying to streamline and focus on just a few passive income opportunities.

Actually looked into a project I encountered on X while browsing for opportunities. Branded as UPLAND, I was kinda drawn due to its Gamefi (NFT, metaverse) affiliations. Let's see what exploring this token fetches me this time 😁🤞🏻

Would love your shared experience(s)/Opinions using this feature if any and what it's really like?

[el kaka22]

I would say most of the time it is not looking all that great, the results aren't that magnificent, but can be done one way or another. I believe that we need to realize that life isn't always that fine, and sometimes we end up with some mistakes that won't be covered all that easily neither.

Launchpools are not there so that you can make money, they take a cut from every launch and that means they do not have a reason to not launch something. Even the best ones, like pinksale and all, could publish terrible stuff because they just care about volume. That means if they share a thousand projects with just 5-10 bnb or whatever collected, they still get to collect so much, and none of them has to be good at all. Include the good ones on top of it, and you got yourself something that will not be all that simple at all.

We should consider how it might not be all that easy to tackle this issue, but that is why I stay away from launchpools, nothing that operates that shady could get my money and I am not planning on helping them out neither, there is literally no reason to trust them. Let the projects prove themselves before I put in any dime into them on some launchpad, much easier to handle.

[TastyChillySauce00]

Launchpool is great, its really a good way to make our money productive while waiting for the dips, but the amount we get usually isn't that much.

now that most of these launchpools limit stake to only $2k USD in average it seems they want more people to follow launchpools but don't want it to get too small in term of stake to reward ratio but the reward is still small regardless.
but as an investment with nearly zero risk, i'd say it's good enough.

the fact that usually the event only lasts 7 day is already a good deal on its own, no more locked staking with period of months with abysmal reward.

[Iamcrypticguy]

Launchpool is great, its really a good way to make our money productive while waiting for the dips, but the amount we get usually isn't that much.

now that most of these launchpools limit stake to only $2k USD in average it seems they want more people to follow launchpools but don't want it to get too small in term of stake to reward ratio but the reward is still small regardless.
but as an investment with nearly zero risk, i'd say it's good enough.

the fact that usually the event only lasts 7 day is already a good deal on its own, no more locked staking with period of months with abysmal reward.

Thanks mate for this. Like I said earlier I've been looking at this launchpool On BG.
Would throw in couple hundreds dollar, let me see how it plays out. Their historical launchpool apr is juicy though..

[bitgolden]

I agree that it is not a good one, people who think it's great must had some good times there, but I haven't and I mostly lost money in those. I agree that it may look like it is going to make you some money but in reality is not going to make you any money at all.

The sad reality is that we are going to face something that is going to take some time, and because of that we are going to end up with a lot of people losing a lot of money before they realize what to invest and what to avoid. I personally am one of those people, I do not know what to do and how to invest into stuff that are not even launched yet.

Also, I still find it a strange concept that we are paying people to make tokens, why is that still a thing? Just because some people are making some made up tokens that worth none, we are paying them a fee, and these devs are getting richer, just because they knew how to code and design?

I think that makes no sense and people should still avoid it, if you really want to invest into something, I still prefer to invest into something that has been on the market for a while. That way I know that my money is going into something that is already good and not something that is brand new and unknown.

[SUPERSAIAN]

Usually the stake-reward rates are low, especially these days, so I don't follow them much. Some re-staking platforms give points for different tier projects, there may be some good conditions there, you can follow them too. If you have a low budget, your earnings don't look like much anyway. I was using staking launch platforms much more widely in the 2021 season, and the earnings at that time could be really satisfying.

[Iamcrypticguy]

Usually the stake-reward rates are low, especially these days, so I don't follow them much. Some re-staking platforms give points for different tier projects, there may be some good conditions there, you can follow them too. If you have a low budget, your earnings don't look like much anyway. I was using staking launch platforms much more widely in the 2021 season, and the earnings at that time could be really satisfying.

unbiased opinion. Thanks mate..

[shinratensei_]

Usually the stake-reward rates are low, especially these days, so I don't follow them much. Some re-staking platforms give points for different tier projects, there may be some good conditions there, you can follow them too. If you have a low budget, your earnings don't look like much anyway. I was using staking launch platforms much more widely in the 2021 season, and the earnings at that time could be really satisfying.

right now too much people following the staking in the launchpools, I literally staked 2k for a week and only got $5 worth of altcoin token and compare it to the earning we get back then when launchpool was still new it's really too diluted, right now i just unstaked all my money and instead buying the dips, I think it will work better long term.

like staking in bybit for example, a 5million L3 pool is having TVL of 100 million dollars meanwhile maximum staking amount is just 2K, we know we won't get any meaningful reward from that kind of overly diluted pool full of people. it's not prospective anymore.