I like Binance launchpool a lot because here we can earn some free tokens just by participating in farming. We just need to have the required tokens in the exchange account and that is all we need to start farming. Sometimes the exchange keeps on listing projects frequently and it's like one after another which I think is a great opportunity for us to earn some free tokens. We don't know what the price is going to be for the token in the market but there have been projects where the coin price was too good and because of that I ended up making good rewards. I have some balance of B and B tokens that I keep in the exchange wallet and it is helping me earn those new tokens from the listed projects.
Catizen farming is live
Catizen is the current project and farming is live. This is a play-to-earn game project which is playable in the Telegram application and we also call it tap to earn. This farming is for four days out of age almost half of the time has already gone by which means if you still participate then you'll be able to farm for more than two days. Every time a project is listed then an announcement post is published by the exchange and I keep track of such announcements to make sure that I'm not missing such opportunities.
There are two pools these are for BNB and FDUSD and the reward ratio is 85:15. It means the BNB reward pool is higher and for FDUSD its low but its also a stablecoin. More than 1.5 million participants have joined this farming through the BNB pool and almost 88 K people participated through the FDUSD pool. Since it is a stablecoin so there is no risk of price fluctuation also because whatever value it has will remain the same and on top of that we can earn some rewards which is 15% of the overall pool and I think that its good.
Earlier it was required to participate manually but now if you keep your coins in Earn then the exchnage will be considered for farming also and this is better because technically no manual intervention is needed. I have earned some tokens but I dont know what price is going to be in the market. I am not concerned about the price because whatever tokens I earn will be sold and I'm not going to hold any tokens because I'm not sure how the price is going to be hence whatever is earned is going to be my reward that I earned for free.
There is no risk because whatever tokens we use for farming will come back with the same quantity and there is no change on that. There is only one risk that you need to keep the coins in the exchange wallet and other than this I don't think there is any risk because we are not blocking these tokens for the long term and even there is an option to withdraw the coins during the forming as well. I'm not sharing any type of financial advice because for some people keeping coins in the exchange wallet can be a risky move but if in case you are already holding there for trading or some other regions then it can be worth giving it a try since you will be earning some free tokens and listing is also going to happen shortly. The listing is confirmed for the projects that are coming through the launchpool.
These days trapped-to-earn games are getting a lot of hype and even another project has been announced which is known as Hamster Kombat. I'll be sharing about this later in another post but for now, I'm happy to form the tokens from Cartesian projects and I hope that the value of the coin is good in the market after listing but let's see how it happens and what value we are going to see in the market post exchnage listing.
Thank you