Let's talk about Launchpool.
Binance Launchpool lets users lock up designated assets such as BNB and FDUSD to earn token rewards from new projects, based on the amount and duration of their staked assets.
One thing that's easy to overlook: participating in staking doesn't cost anything extra, but your principal is still subject to price fluctuations during the campaign.
Don't buy BNB with leverage just to farm new tokens—your staked principal can also fluctuate in value.
$BNB is the most commonly staked asset on Launchpool.
#BNB
Binance Launchpool lets users lock up designated assets such as BNB and FDUSD to earn token rewards from new projects, based on the amount and duration of their staked assets.
One thing that's easy to overlook: participating in staking doesn't cost anything extra, but your principal is still subject to price fluctuations during the campaign.
Don't buy BNB with leverage just to farm new tokens—your staked principal can also fluctuate in value.
$BNB is the most commonly staked asset on Launchpool.
#BNB