This is day 2 of my revival on Hive blockchain with some reviews on Binance Launchpad. Let's assume that we know what Binance is and just get onto the point.
Binance Launchpool in it's simplest form is of staking for profit, you stake BNB to one of the active pools and get rewarded depending on the percentage of total stake you hold + daily reward amount, this varies by a lot on a daily basis.
Current statistics:
Currently there's a launchpool for HARD Protocol , very "easy" to understand why they used that name.As shown in the image below you can see what is the reward amount for the day, how much currency has been staked and what estimated APY % does this equate to.
Mobetare: "I have seen better days for Launchpool which was only a couple of weeks ago, the gains varied from 20% APY to even 100% APY"
We had seen different projects launching their tokens which varied from Venus (XVS) to Flamingo (FLM) . Both of those projects had created a lot of hope and still seem to have made a good impression towards the future potential. Call it as you like but currently you can see what happens when a lot of BNB gets placed into a single pool.
Whatever the case may be only time will tell.... or will it?
I stream crypto, gaming and just chatting topics daily on Theta.tv Mon - Fri, around 6:00 PM to 10:30 PM UTC +1
Link to Binance in case you haven't signed up there ( not for US citizens)