Last week I posted about one crypto project called AEVO, which was listed on Binance launchpool. Its a good way to earn some reward provided you meet the requirements. We also want to mention that the requirement is very simple and majorly we need to have the tokens that are required to be deposited. I would say it's staking instead of a deposit because we are not giving the balance to anyone.
By staking our coins we become part of farming and there is a duration of such forming which varies project to project. It is the time when we can earn the new project tokens and of course, the value of token is dependent on market supply and demand but sometimes this can be significant. The exchange has been doing good on the launchpool listing since last few months as I can see a lot of projects coming up and it is like one after another. It is a great opportunity for us to be part of this launchpool programme and earn some nice rewards with no risk on the investment and it is because no risk is like we get the same tokens by in the same quantity and form.
This token has been listed on the exchange today and the price is also pretty nice. There was a pump in the price just after the lifting but then a sort of decline was seen however I sold all the tokens that I generated through the par means. People can have different opinions I believe which can be like holding the token or selling it off in the market. Because these are new projects. I sell most of the tokens because I want to know more about the projects first but usually price also goes down.
There are some projects that I have considered for investment after the launchpool but I did only after doing enough research and study about the project. The point I'm going to talk about in this post is booking the profit by almost the safest investment option. I follow a strategy of participating in the project farming and selling the tokens after listing which is simple and good for me in terms of booking some profit with investment.
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