Hello Friends,
Good day to you all and I hope this weekend is going well for you.
Binance is a popular and leading international cryptocurrency exchnage. This has a global presence and this has also got a big user base. It is a new thing for me and I got to know about this through one of the telegram channels in which an Indian crypto influencer shared the update. I have recently started following some influencers but I don't know if I should follow them for investment. I started this recently so it is like an experiment for me but for the learning purpose it is good and for investment, I do not think I can follow their advice.
I do not know many influencers and very few I am aware of but as far as learning is concerned I like it because they keep on sharing something that I'm not aware of. Because I don't know something in the Crypto market somebody's sharing to keep the community updated which I think is good because the person is spending more time on such stuff to gather the information. When I got to know about the launch pool I thought I didn't know what is going to be so I spent some time to figure out how things worked. I am aware of the exchange but not many services that this exchange offers.
The launch pool is one of the segments in the exchange where the exchange its supporting many projects to get listed on its spot market. The exchange mentions that listing is not guaranteed but till now every project has got the exchange listing through the launch pool. Hopefully, you are aware that listing on this exchange is a very big achievement for many projects because there are many criteria and many projects are not able to meet them.
Currently, one project is live on Launchpool and it is a decentralised exchange. Its called AEVO. I have never used this exchange but I checked their website and let me tell you that it looks pretty good. I still haven't done much study on that decentralised exchange so I'll not be sharing about this in this post however I will try to research more and share about it once I have enough updates with me. I believe that I should share the information only when I have enough updates and before that I don't feel comfortable doing this and this is why I am not sharing more about it.
Anyone can participate in the launch pool by depositing two coins and these coins are BNB and FDUSD. As you can also see on the snapshot above where 80% of tokens will be distributed with the BNP pool and 20% will be distributed for the FDUSD pool.
Conclusion
This is a nice learning that I enjoyed reading more about and I think there is a lot that I still need to go through about the launch pool and which are the recently listed projects through this segment. I believe that a lot is going on in this market this time and it is also because we are now going to enter the Bull Run cycle. Things can be really exciting in this market if we try to learn about them and take the entry at the right time but again this is not financial advice however I think from the learning point of view there is a lot to learn which can make you have great information about the crypto market and blockchain world.
Thanks for stopping by