⚖️ Is it profitable to participate in Launchpools with $10-$500?
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Launchpools are a way to make money without much effort, but how much capital do you really need to make good profits? With a capital of $10-$500, profits are usually small. Let's look at the example of the latest Dogs Launchpool:
Personally, I had 1.2 BNB locked, which is about $650, and the reward I got was only $2. If I had put that money into the FDUSD pool, I would have gotten even less.
In my case, since I'm holding my BNB for the long term and I don't plan on selling it, getting some extra money isn't bad. However, if you're thinking of buying BNB before each Launchpool, you'll likely end up losing money due to the potential drop in BNB price, which would make the investment unprofitable.
It is important to know that in Launchpools, the only ones who really win are those who have large amounts of money. Therefore, with such a small capital, it is not profitable. If you already have BNB or FDUSD that you are not using, then you can still participate and make some profit.