Don't you think launchpool/PoolX is better than staking?

[XFinite]

Okay, this might sound biased  , but don't you guys think staking in launchpools is better than normal staking nowadays? I used to stake Tron back in the day, but the rewards were so low that the fees to redeem them would eat up the profits entirely

With launchpools, I've used BGB, BNB, and USDT, and I've always gotten good returns on the new tokens being launched  . I've received a bunch of tokens from projects like ZKF, ENA, and GRAPE by staking BGB. Best part? The APR rates were crazy high since ZKF went all the way up to 329%! I don't think you'll find APRs like that with normal staking (or maybe you can, but it's gotta be rare  ).
And also, I don't know if you've heard, but there is a recently introduced PoolX product that works similarly as launchpool but with key differences. The biggest difference is you earn rewards hourly. Here's a image between exchanges staking comparsion:


You can even redeem your rewards easily and unstake instantly since there's no locking period. This means lower risk than launchpools. I think this is a unique way to stake up tokens rather than normal staking with lower risks.

Anyway, I trust your judgment – you guys know best. So, what's your take: launchpools or normal staking? Which has been better for you?

[hugeblack]

In general, I do not like launchpools because they give CEXs such as Binance and Bitget a greater influence than they have due to their use of customer funds, but in terms of profits, launchpools certainly have profits, but the risks are greater.
You can staking POS and the return will be good if you believe in the project in the long term, otherwise it is better to trade or buy Bitcoin.

[Aanuoluwatofunmi]

The earlier the better that we understand the risk in cryptocurrency at every aspects, if we are using launch pool or any other means will take risk from us on what we may have as the later achievement in making such decision, this is not only about the platform being involved, it also comprises the way we are able to understand the best project we should go for and how we are being able to adapt for every challenge that may comes in along the way.

[SamReomo]

I don't like the concept of staking but it's true that staking your coins on launch pool has been very profitable for many users. Stacking is only profitable for you if you have enough capital but if your capital isn't enough the you won't get good profits from staking.

[Faisal2202]

I am not a person who does staking or earns on fixed APRS as I don't like fixed APY platforms. variables are good but to some extent but I still avoid staking. But joining Launchpool is always good as long as you have enough money. I once tried my luck in Binance it was a launch pool and I staked some BNB but earned nothing. I thought i might get some tokens from the launch pool but did not so I left the idea from that point. But never checked the launchpools of Bitget. What I have seen is many new airdrop projects are bringing their launchpools on Bybit and OKX mostly.

But I will also keep an eye on the Bitget as well. Thanks for sharing but still I will not advise anyone to join launchpools as getting fixed APY type things is not a moral thing in my point of view.

[Gyrgen]

I don’t know a single top exchange that doesn’t have a launch pool. For them, this is a separate source of income. It’s clear that you get more profit there than with a regular deposit. The problem is that different exchanges have different thresholds for entering these launch pools, and often just like that You won’t get them. Some wrote that it’s a risk to participate in launch pools, I haven’t heard anything stranger, what is it?

[yhiaali3]

Personally, I think that launchpools are more profitable than staking, but they contain high risks at the same time, because this depends on the project that you will invest in and buy before launching it and knowing the extent of its success or failure.

There are many of these projects that were launched that failed, and others achieved large profits in the beginning but failed after that. In general, they are profitable when they are launched, but after a period of time they begin to decline, and those who kept their tokens will lose.

Therefore, I see staking, especially in old, reliable currencies, as safer, even if its profits are lower.

[bounceback]

Usually all coins taking reward around 10% to 20% depend on kinds of coins but most dominance under 10% reward every year, for launchpool staking you get more bigger reward and take few days for staking coins only. In Binance and Bybit exchange always have around 3x to 5x launchpool every month and very worth when staking by stable coin or using BNB in Binance then Bybit launchpool support with coins make promotion its self.
Actually I like with staking in launchpool with higher reward than staking coins its self as stable coin or other coins not guarantee price keep higher after staking duration ended.

[MCcabe Rory]

I am not a person who does staking or earns on fixed APRS as I don't like fixed APY platforms. variables are good but to some extent but I still avoid staking. But joining Launchpool is always good as long as you have enough money. I once tried my luck in Binance it was a launch pool and I staked some BNB but earned nothing. I thought i might get some tokens from the launch pool but did not so I left the idea from that point. But never checked the launchpools of Bitget. What I have seen is many new airdrop projects are bringing their launchpools on Bybit and OKX mostly.

But I will also keep an eye on the Bitget as well. Thanks for sharing but still I will not advise anyone to join launchpools as getting fixed APY type things is not a moral thing in my point of view.

Launchpools can be good if the Requirements are favourable, just like you Binance launchpool didn't favour me cos of the high entry threshold(BNB) but with Bitget's it's been decent, APYs are Impressive, and with Poolx I get to earn tokens hourly with no risk. I love the competition

[Faisal2202]

Launchpools can be good if the Requirements are favourable, just like you Binance launchpool didn't favour me cos of the high entry threshold(BNB) but with Bitget's it's been decent, APYs are Impressive, and with Poolx I get to earn tokens hourly with no risk. I love the competition

okay, I don't have any knowledge about Poolx but thanks for bringing it also as I will look into it also. And still, my POV is the same we should really avoid fixed APY even if they are fixed in the short term they might prove as a good source of income but for me they are not. But hey its an individual choice, I am just sharing my POV not judging so clearing this up because I don't want to make doubts in people's minds.

Ans speaking of Binance launchpools and launchpads, they are not very beneficial due to huge investors, and there a system has been created in which the poor are becoming poorer and the rich are becoming richer. Which is totally immoral (launchpools and launchpads wise).

[hugeblack]

I don't like the concept of staking but it's true that staking your coins on launch pool has been very profitable for many users. Stacking is only profitable for you if you have enough capital but if your capital isn't enough the you won't get good profits from staking.

on launch pool, I do not think it is staking, but it is more like investing or lending, where you get profits because you leave your money with a trusted person for a certain period. As for staking, it works at the level of the protocol for POS coins and according to the conditions, and it may not require a large capital as in ADA.

[LogitechMouse]

Re: Don't you think launchpool/PoolX is better than staking?

It all depends. I'm doing both staking coins in their native staking platform, and at the same time, joining in Launchpools (in Binance) for additional profits.

Sometimes, calculating things would be a good option as well. I mean staking coins like ATOM which gives 16% APR would always be better than joining in launchpools. Of course, it will also depend on the amount of BNB or BGB that you have because those who have higher BNB or BGB that's been put into the launchpool always have higher rewards compare to those who have lower. It will all comes down to how much money are you using to join in those launchpools.

One thing more is that launchpools isn't staking like what others said. Launchpool is like "give us your BNB and in exchange, we will give you shitcoins " Just kidding on shitcoins, but you got the logic anyways.