Binance Launchpad - Turning 0.02 BNB into 0.47 BNB and making x22 profit
Just a week ago I have written about Binance Launchpad opportunities and the success of the projects that raise funds through this platform. And the last project that was launched in this space was the LAZIO Fan Tokens which come to complete the other successful fan tokens projects from here. I have locked in all the BNB that I had in my account, although as it was previously locked into a DeFi staking I have lost 2 days until I got it released into my wallet and it was considered for the participation calculation.
By having the BNB funds available 5 days out of 7 into my Spot Wallet, I got a good bunch of that as a participating candidate and for around 20 BNB committed to the project, I got matched 0.0203 BNB. This translated into 10.1325 LAZIO tokens at the sale price of $1. It looks like quite a small amount and if you would do a straight calculation with that price probably it wouldn't be worth the hustle and time spent to pay attention to the launchpad and act in different phases of the process. But, let's see how the market opened once the distribution finished.
The LAZIO/USDT market stood pretty steady above the $22 mark and I've decided to put a sell order at $22.5 for my entire LAZIO balance. As the order was matched it traded for 227.9250 USDT. From there on I have traded USDT for BNB which resulted in 0.470 BNB. This makes a profit above 2200% (x22) or 0.45 BNB which is worth $220. This is not a life-changing amount, but I think is a good gain simply for using your BNB from the Binance wallet.
While the previous Beta Finance launch got me slightly better participation and a better return around x50, LAZIO tokens provided a great return as well above x22. This makes me trust that further projects coming to Binance Launchpad should follow the pattern and know similar success and even if there aren't big amounts of money gained, I still think they make a dent in anyone's bag. Thus, keep an eye on it, follow on Twitter or simply visit daily the Launchpad for new opportunities!
Posted Using LeoFinance Beta