What is Crypto Launchpool and how does it work?

in Tron Fan Club8 days ago

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Assalamu Alaikum

Hello everyone, how are you? I hope everyone is doing well. So today we will know what Crypto launch pool is and how it works. Currently, almost all exchanges or various crypto-related wallets or projects have crypto launch pools. Now, many people do not know what this launch pool is. Today we will know how to earn income from this launch pool. However, the most popular launch pool event is on Binance. Binance constantly launches new coins. And when a new coin comes to the market, they launch various events to promote their tokens. Launchpool can also be called an airdrop. Each exchange locks its own coin, new coins have to be mined and this is called launch pool. Binance can participate in the launch pool event through its own BNB coin.

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Or if you want, Binance Partnership has a stable coin with which you can You can participate in this launch pool without any kind of loss, that is FDUSD,
Their rules are that different launch pools are open for a specific period of time, such as three to 10 days or 14 days, while the launch pool event is open, you have to lock your funds, such as through BNB or FDUSD, you can participate in this launch pool event with any amount, the advantage is that you can unlock your locked funds at any time, so if you unlock it, your mining will stop immediately and when the trade starts, you can sell your newly mined coins whenever you want,
There is no such risk here if you are mining with stable coins,
It can be said that it is an airdrop event, so there is no such risk,
However, if you are locking native coins, then there is some risk, such as if the market suddenly corrects, you will have to suffer a huge loss,
However, if you participate in the event through that native coin, then you will make more profit from stable coins You will get,
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For example, out of Binance's Launchpool 100% Reward, 80% to 85% Reward is given to BNB Lock users, and the remaining 15% to 20% Reward is kept for FDUSD Pool,
Still, there are many users who participate in FDUSD Pool, because it is less risky,
And the second thing is that if you join these offers with a large amount of funds, you can make a good profit, otherwise if you do it with a small amount, you will get a very small profit,
Hope everyone understands what Launchpool is and how it works,
I am ending here today, everyone be well, Allah-Hafez