Binance Launchpad - An opportunity to make some fast profits
Binance Launchpad allows emerging projects to raise capital from a platform that is already used by most of the crypto world. The Launchpad is a module that supports new crypto through a ready-to-go fundraising platform and is risk-free from being a target from bad actors through proven security and experience. Having a tremendous pool of users usually, the launchpads are very successful and provide x10 profits and more considering the Binance due diligence for the launched projects that are happening once a month or few months. And today I have just participated in the Beta Finance launch and I will describe below the entire process.
Beta Finance is a permissionless money market for lending, borrowing, and short-selling crypto which was added to the Binance Launchpad. The first step for the investors to get a piece of the pie was to hold BNB on Binance platform in order to be calculated as a means of being whitelisted and also to be part of the calculation through which each investor can buy in a proportional amount of BETA cryptocurrency. This started on 30-September-2021.
Next, it followed the Subscription Period until 08-October-2021 where all the BNB held on Binance would be calculated and an average is considered as the max amount that anyone could subscribe to buy-in. Due to a tremendous number of investors, you will see that even if you held 40 BNB on Binance, you might be lucky if you can buy in with a portion of that, anything above 0.10 BNB is great.
The Calculation Period simply took care of the mathematics and the number of BNB that anyone can invest into Beta Finance crypto. This usually takes the public sale token supply and divides it into the total BNB from the base calculation to see how much each investor could buy in as a share from the pool and the number of tokens he would be able to get.
Once the calculations are completed the token distribution takes place where a portion of your BNB tokens are deducted and instead, you get BETA tokens. As you can see in my case that was only 0.0254 BNB which got me 184 BETA. Onc I got those the market was opened and I could trade those right away for BNB. After some spikes, I decided to sell at 0.0069523 BNB which brought me 1.2792232 BNB in total. That leaves me with a profit of 1.2538232 BNB that is worth about $530 (or x50 profit). I think this is a nice profit just for holding BNB on Binance and getting into action at the right moment.
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Electronic-terrorism, voice to skull and neuro monitoring on Hive and Steem. You can ignore this, but your going to wish you didnt soon. This is happening whether you believe it or not. https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism
Wow, nice little trade there! I'm always going to be fond of BNB, I got in early under $1 and it has been very good for my crypto wallets.
I know many don't like CZ, but I see him as a business man and someone who is quite savvy, many in crypto are developers rather than business minded.
This run and in the future we will see more and more success from projects with well rounded teams
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BNB will simply provide pushed by BSC and Binance itself. They've built an empire and through BNB we can have a part of it, so if we are smart we tap into that. Making x50 felt pretty good, but with some patience that could have been pushed to x100 but I wasn't aware of such potentials until today.
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Congrats on a really nice profit. You did very well!
These implementation is gonna be huge for the continue growing of Binance as it allows investors participating on new token launch and get a high revenue on its investment. So I'm not fanatic to enter in launchpad at the moment but I will probably consider these option for the future , I recently got news about some friends getting good returns on its investments, not here but in DAO for example.
Posted Using LeoFinance Beta