Hello, this is Coinchung.
Launchpad is the same concept as IEO (Initial Exchange Offering). This is a means of financing in which the exchange itself raises funds from users and lists coins. Unlike ICO, the difference is that the exchange guarantees the reliability of the listed coins.
Binance Launchpad starts at a price that is at least tens of times as high as hundreds of times as soon as it is listed. This has brought great returns to the participants, and is widely known among investors as all you need to do is sell at the time of listing.
Therefore, today, we will cover various items such as 1) how to participate in Launchpad & conditions on Binance Exchange, 2) analysis of past returns, and 3) practical investment methodologies on Binance Exchange. Let's get started, shall we? Go Go
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1. How to join Launchpad & Conditions!
The first thing to do is to go to the Binance Exchange homepage or app, and pay attention to the announcement that launchpad will be launched. Usually, users are notified two weeks before the start, so they have plenty of time to prepare.
You only need to have Binance Coin to participate in Launchpad. You can then go to 'Lauchpad' in the Binance menu tab to check the details of participation and the process.
For example, a project called FC Porto Fan Token is currently preparing a launchpad. You can see that it says Time left until subcribtion starts : 23hours 43mins. This refers to the starting point of 'subscribing' to your Binance Coin.
Let me explain the process in more detail.
1. If you hold BNB, you can check the quantity through the snapshot.
2. At the specified time, click the 'Subscribe' button and temporarily lock up BNB.
3. Calculate how many tokens each person receives by referring to the number of participants and coins.
4. Finally, the tokens will be listed at the same time the distribution is completed.
2. Analysis of historical returns
Next, let's analyze the returns of the launchpad in the past.
LAZIO FAN TOKEN
$1 ⇒ $100
100 times higher at the same time as listing... In fact, it shoots a rocket as shown below in 1 minute. To be honest, $100 went and went in an instant and I couldn't even sell it... It's a price I haven't even seen in the asking price window. When I saw the first bid window, it was 50 dollars, and I sold it for about 45 dollars.
$0.06 ⇒ $4.75 (79 times)
$0.075 ⇒ $3.00 (40x)
Even in the two cases above, they jumped dozens of times, but when you actually sold it, it is estimated that you could have sold it in the middle.
Wow? So, will you be rich if you just do this?
If you think so, you are mistaken.
When you participate in Launchpad, only a portion of the Binance Coins you worked on will be swapped to listed coins. And if you sell the received tokens at the same time as listing, you will get 3-5% of the total investment.
Also, some participants throw Binance Coins at the same time as Binance Launchpad ends. So, the drop in the price of the Binance Coin you deposit may cause the belly button to be bigger than the belly button.
3. Practical Investment Methodology
Accordingly, Coinchung has summarized the following ways to participate in Launchpad with virtually no risk in practice.
1) Check the launchpad notice.
2) Buy Spot Binance Coin.
3) Short the same amount on Binance Futures by 1x.
4) Participate in the launchpad with the in-kind.
5) Sell the received coins within 1 minute as soon as they are listed.
By using the above method, you can realize profits by selling the listed coins immediately and safely from the fluctuations of Binance Coin. And you can do this repeatedly whenever there is a launchpad with an increased seed.
Each time you participate, you can earn about 3-5% of the seed's profit, and since you use the launchpad once a month, you can steadily accumulate steady profits.
As mentioned above, trading by creating a structure that can take profits regardless of market fluctuations has the advantage of good return versus risk. Lastly, I hope that those who participate in the launchpad tomorrow will come out with a profit.