The wealth password of $BNB (shovel)
Launchpool allows users to stake cryptocurrency to earn token rewards for new projects. This sector is also nicknamed new coin mining.
Similar to staking mining, users participate in projects by staking cryptocurrency to obtain token rewards. The difference is that these rewards are not immediately tradable, but are used for new projects that will soon be listed. This process provides users with the opportunity to participate in the market at lower costs and risks, and potentially acquire high-quality potential projects.
Launchpool is similar to staking mining. Users participate in projects by staking cryptocurrency to obtain token rewards. The difference is that these rewards are not immediately tradable, but are used for new projects that will soon be listed. This process provides users with the opportunity to participate in the market at lower costs and risks, and potentially acquire high-quality potential projects.
Launchpool yield: BNB returns are higher
Currently, the pledge currencies used to mine new tokens in Launchpool are BNB and mainstream stablecoins. Biteye uses the official pledge data released by Binance as a basis to calculate the annualized rate of return of the complete mining cycle of the projects that have been launched this quarter.
1) Participating in Launchpool is a relatively safe and profitable mining method.
2) BNB mining yield is much higher than the other two stablecoins, almost equivalent to the sum of the two. Binance Launchpool can be said to be a “sound financial lottery” tailor-made for BNB holders.
Why do you say that? Let’s take a look at Launchpool’s historical performance returns below??
1) Launchpool new currency mining yield from 2024 Q1 to now
2) Comparison of mining yields using different tokens
1. Judging from the mining APY of Launchpool in the past 7 periods, the average return rate brought by its daily online price performance is more than 100%, and MANTA, which has the highest return, has reached 186.92%.
If you play at the highest price in history, APY will double. And because the mining time is generally short, the time occupied by user funds is greatly reduced. Therefore, participating in Launchpool can be said to be a safer and more profitable mining method.
2. From the above overall increase ratio, it can be seen that the increase ratio of new coins recently launched on Binance Launchpool is almost 200%, and the highest price of XAI is close to 3 times the closing price of the trading day.
It can be seen from the listed currencies that there are many high-quality projects, which is also one of the important reasons for the subsequent rise in currency prices.
Most of the high-quality projects are issued through Launchpool, such as the much-anticipated derivatives trading platform AEVO, the dark horse Pixel on the chain game circuit, and the new star Xai on the L3 game circuit. Almost all of them have very good fundamentals and a strong user base. Project, there is also a currency with certain development potential in the future.
It can be said that the new currency projects listed on Binance have good returns.
3. By comparing the three mining methods and calculating the yield brought by the online price performance, BNB mining yield is much higher than the other two stablecoins, almost equivalent to the sum of the two.
Imagine that when you hold 100 BNB in the bull market and put it into the pool for mining under basically flat operation, 1000u will be in your pocket in 5-7 days, which is a golden shovel for the bull market.
03 Platform development
BNB has the dual concept of "platform currency + public chain currency". Its value mainly depends on the fundamentals of the exchange behind it. It is said that "it is easy to enjoy the shade against a big tree".
This is also in line with a basic rule: the development of the platform directly affects the market performance of its tokens.
