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Some friends have asked me whether Binance's restart of Launchpool signals an improving market. My conclusion is that it doesn’t.
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This year, the duration of Launchpool events is generally about a week, with the shortest being 2 days and the longest just 10 days. In contrast, most events last year ranged from 20 to 40 days, with some in 2022 even lasting up to 60 days.
Regardless of whether the duration is 1 day or 1 month, participants share rewards based on the amount and duration of their stake. The total airdrop reward for Launchpool remains the same.However, when the market is doing well or experiencing a sharp drop, there’s a stronger demand for USDT.
In such cases, if Binance launches a long-cycle Launchpool, it could appear to be at odds with the market conditions. Thus, during favorable market conditions, Binance tends to have shorter Launchpool cycles, and when the market is crashing, Binance typically does not launch Launchpool events.
For Binance, Launchpool helps attract idle USDT to the platform. During a market downturn, extending the activity cycle can keep these idle USDT on Binance for a longer period.
The current 20-day cycle for Launchpool might suggest that the market is in a relatively depressed phase, and it also indicates that the likelihood of a market crash during this period is low.
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#Launchpool #Megadrop
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This year, the duration of Launchpool events is generally about a week, with the shortest being 2 days and the longest just 10 days. In contrast, most events last year ranged from 20 to 40 days, with some in 2022 even lasting up to 60 days.
Regardless of whether the duration is 1 day or 1 month, participants share rewards based on the amount and duration of their stake. The total airdrop reward for Launchpool remains the same.However, when the market is doing well or experiencing a sharp drop, there’s a stronger demand for USDT.
In such cases, if Binance launches a long-cycle Launchpool, it could appear to be at odds with the market conditions. Thus, during favorable market conditions, Binance tends to have shorter Launchpool cycles, and when the market is crashing, Binance typically does not launch Launchpool events.
For Binance, Launchpool helps attract idle USDT to the platform. During a market downturn, extending the activity cycle can keep these idle USDT on Binance for a longer period.
The current 20-day cycle for Launchpool might suggest that the market is in a relatively depressed phase, and it also indicates that the likelihood of a market crash during this period is low.
❤️LIKE 🫂FOLLOW 🗳REQUOTE OR RESHARE
⌨️ COMMENT
🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
#Launchpool #Megadrop
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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