How to Earn Passive Income with Binance Launchpool
A very great and best source of earning is #Binance Launchpool. Here on a monthly basis new tokens are coming and by staking you get new tokens.
First let us understand what Launchpool is. It is a running feature of #Binance where thousands of users are earning profit.
To access Launchpool it is necessary for you to have an account on the #Binance exchange. This feature is more beneficial for those users who are holding #BNB. Besides this those who hold #FDUSD will also get profit.
FDUSD is a stablecoin just like #HBD while #BNB is the native coin of Binance.
For staking in Launchpool it is necessary to have either of these two coins otherwise staking will not happen. #BNB is better because by holding it you can earn maximum profit.
You have to go to Launchpool and click on #BNB staking. Whenever a new coin is going to be launched it first comes in Launchpool and through staking you start receiving new coins.
Approximately this staking continues for 4–5 days and in a month 3–4 coins are launched. As far as my idea is concerned you can easily earn around 2–3% APR.
The risk here is that if you have invested in #BNB then there is a chance that its price may go down but if you have invested in #FDUSD then it is safe all the time because it is a stablecoin.
By holding #BNB you keep getting maximum profit while with FDUSD profitability becomes lower.
THANK YOU!
Posted Using INLEO
Binance has good incentivised for its $BNB holders and I wonder what's the APR % per year. I was lucky enough to sell my BNB at $1,200, but wouldn't mind entering it back.