When diving into a launchpool, it's essential to understand the token behind it. A little research goes a long way in helping you make informed decisions and maximize your rewards.
I've recently discovered an exciting mini app on telegram that I've been mining for some time now. This app, based on the legend of Arcadia project, combines Gamefi elements with fun and casual RPG experience. It's been gaining popularity on platforms like X, although, it hasn't yet been listed on major exchanges.
Legend of Arcadia is a next-gen, action-packed strategy card game on the Blockchain, designed for players who enjoy casual RPGs with a competitive twist.
Also, web3 gaming has received a lot of skepticism over the past few years. However,the industry has undergone substantial changes in the developers approach to gameplay mechanics, rewards model, and inclusivity factors. This is the reason, we're seeing Gamefi emerges stronger and investment steadily increasing.
This year second quarter report shows blockchain gaming has witnessed $1.1billion investment. A figure that has shown 314% increase from the previous quarter.
Talking of rewards: exchanges like Bingx have rolled out a Launchpool event that allow users to stake their USDT or BTC to earn $ARCA instead of the usual native token staking on other launchpool. The reward pool is 800,000 $ARCA.
While Launchpool like this can be a great way to earn rewards, what do you think of the use of USDT and BTC instead of the usual staking of native tokens obtainable on other exchanges?.