How are you? I hope everyone is doing well. Today I will try to talk about a very important topic, Today we will learn how Binance Launchpool works, and how to profit by joining them! Launchpool means that when a new coin comes to the market, then they give different types of airdrops to promote their coins, Launchpool is not like an airdrop, Launchpool usually has to lock its own coin of the Exchange or Wallet where the exchange or wallet is launched and mine this coin, In this, those Exchanges/Wallets benefit, as their own coin holder increases, and at the same time the new coin is marketed, and users can earn some income, Just like Binance Launchpool comes, To participate in Binance Launchpool, they have to lock their own BNB coin, Also FDUSD Stable Coin and they have also added the new USDC coin,
Let's find out how profitable it is -
The Binance WCT Coin Launchpool started 2 days ago,
Per FDUSD will be 0.00002908 WCT Mining in 1 hour
And USDC is at a lower speed of 0.000017 and per BNB per hour 0.0190,
I locked FDUSD $640+ so I can mine for 4 days and mine for about 1.9 WCT in total,
This is completely ridiculous, because currently according to Premarket, its price is less than $1, many say that joining here with $4/5 thousand makes good profit!
This is a misconception because if you mine in this way, it is possible to mine 20 coins with $5K,
I have participated in about 10 Binance Launchpools so far, I have not had the expected success in any project, so I think Binance Launchpool is wasting the time of users,
And those who are doing it with BNB are at greater risk because their price drops, so much of what they invest in hopes of profit, but on the contrary, they lose a huge amount!
However, if someone invests $10K to $20K, they will get some profit, but if there are so many funds, it is completely foolish to invest in them, I hope everyone understands, I am ending here today, everyone be well
178.993 SRY