2023-03-26 15:35:48
How to make money on Launchpad? (instructions)
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Every cryptan has obviously heard of it, but not everyone has interacted with it. In this post, we'll give you the basis for understanding how it works.
All of the "crypto-terms," we will write in the comments to this post.
Launchpad is a platform for conducting an IEO (Initial Exchange Offer of Tokens).
In simple terms: you will be able to buy a coin at the minimum price before listing it.
It all starts with the exchange/platform analyzing the project and determining if it's a good fit. If all is well, then Launchpad is announced, which describes in detail the features of the project and its tokenomics.
For example, take already passed Launchpad Binance with Space ID (ID). SPACE ID is one of the largest service providers for Web3 domain names.
Lauchpad passes in several stages:
Calculated BNB retention period:
• Don't forget to register as well as KYC as you will not be allowed.
• You need a $BNB minimum of $0.1 $BNB, which you will keep on your spot balance or in your staking. The more you have, the more token allocation you will get.
• From the beginning of the first phase, there are snapshots every day that record the number of $BNB in the account until the end of this phase. You should not withdraw or exchange your $BNB during this time if participating in the event.
Subscription start:
• Based on the "snapshots", you will see your maximum $BNB limit that you can lock in. Click "Lock BNB" and choose "Amount" -> "All", as the higher the amount, the higher the allocation. Funds are blocked until the end of the event.
Settlement period:
• Directly related to the second item and tells you until what date and time you need to block your $BNB.
Final allocation of tokens:
• This tells you the date and time when you will receive your allocation and $BNB will become available in the spot wallet.
You can check how many tokens you received on the spot wallet. Enter the ticker of the token, at the moment it is called - ID.
Moment of sale:
• Go to "Deal" on the mobile app or Trade -> Spot on the web version, where you enter the ID/USDT.
• Choose "Sell" and "Market Order/Market". Since it may not reach your "Limit Order". We have already selected ID/USDT and we choose 100%. We are waiting for sales to start.
• Time is the most important thing here. You need to be able to sell the token in the first few seconds. You can have your own tactics and strategy, but this one is the easiest.
In summary, I want to say that the Launchpad system is similar everywhere in its principle, so this knowledge will help you participate in any Launchpad-e regardless of the platform. Always analyze projects personally before entering them.
Put if you are really ready to dive into crypto and try to make money from it
Crypto_Ocean
619 views12:35
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