👉 You will need about $100,000 Stake to earn $1k - $2k when joining Launchpool #PORTAL
This is the number I drew after many times participating in #launchpad , #Launchpool of Binance.
Although we can see that participating in these two sections to earn free money can be considered compound interest, a "convenient way to earn more". But I see few people talking and giving you clear estimates to calculate when participating.
If you have a lot of money then this is the obvious thing to do with $BNB and $FDUSD . Because it can make you extra money without you having to do anything. Just stake in, 7 days later sell for profit. RUN OUT OF!
If you have too little money to participate, it's really not worth it. Sometimes when you join, the amount of tokens you receive is so little that you can't sell it through Spot and have to convert it to BNB.
From having little money to wanting to earn a lot, the following problems arise:
1. Should I buy #BNB to participate?
If you buy $BNB just to participate, I think it is not beneficial in many cases. Now the market is up, the price of BNB is increasing, which is good. But if you just finished participating and the market adjusts 10% - 20%, the coins you just bought will suffer a loss when sold.
Like the number I estimated above, you can calculate it yourself. The profits from participating in Launchpool and Launchpad may not compensate for the losses in the decrease in BNB price.
2. Should I borrow money to participate?
Of course not. Similar to the above, the market always has potential risks, so you should not use borrowed money to earn quick interest.
In addition to market risks, you also need to think about risks from life. Right when you first let it in, the creditor asked for money because it was urgent, your family had a sick person and couldn't help but use the money...
