Are Launchpools Still Worth It for Earning?

So, launchpools are pretty interesting, right? They usually offer solid APRs and rewards, which is why I still consider them when looking for ways to earn. But here's the catch: they're not always available. Binance had them ages ago, so I've been checking out other exchanges like Bitget. I've been staking their native tokens, like BGB or BNB, in a few different projects from early to mid-July, and honestly, the returns were better than I thought. Some pools like Pump and ENA had super high APRs. I've even seen some sites talk about how profitable launchpools can be, which makes me think they're a solid choice. Basically, with launchpools, you hold the tokens, gain access to early rewards from projects, and if the token price goes up, you win too. This month, my strategy paid off with both staking rewards and an increase in BGB's price. What do you guys think about getting involved in launchpools?

My experience with launchpool was bad. I staked $5,000 for 5 days, I only get $10 worth of other coins. Then the second time, I staked $5,000 for 4 days, I only get $0.5 worth of other coins. Cheesy I joined when launchpool is already widely known, probably the 4-5 months ago. Before that, it looks like launchpool was quite promising, but now it's no longer a good rewarding.

Oh wow.. which platforms launchpool did you explore . I don't even hold to $5k worth of $BGB and I get more than that at average when I participate on Bitget launchpool, maybe you can explore that. The RRR is better imo.

Launchpool if you don't have a very large fund will only get a little allocation, I often feel it, especially lately, launcpool is not a solution to increase your chances of making a profit. Any platforms such as Bybit, Bitget, and Binance are the same, there is no difference for now, it all depends on the large amount of money that you stake there, if only $ 10K and with a very short time, don't expect more on that.

If that works for you, that's nice and you have to keep on doing that. Although I know that you truly are associated with Bitget and that's why you're highlighting the token BGB. I've done that before but I cannot put that much on it. And so, most of the launchpools that I have participated with just gave some clean $5-$10 and some of it I can't even sell because for being low in tokens and way lower than the minimum selling quantity.

I have tried to buy from launchpool several times but I have not experienced any good returns on the capital I used here. What's more, the hype is good and the partners in the coin are okay but in the end I have not experienced any good ROI for the money I spent on the coins. It seems like luck, so I have not repeated participation in the launchpool every time I see something on an exchange I use or hear something in the crypto space.

Yes in general but it’s only good if you have decent capital to maximize profit since it has a limited time to farm this token with high APY. You have nothing to lose on launchpool since you are just staking your holdings and still earn passive profit instead of just holding it on your spot balance and wait for the price to pump. Most launchpool doesn’t have lock feature so you have the flexibility to exit anytime.

Stopped doing launchpools a while back. While it was fun and profitable in the early days of crypto, now it's not so much given the amount of dilution that we currently have in this space right now. I don't know if it's just me but I think most of those APR you see is just for show. Unless you're going in with a massive size like $50K upwards, expect the rewards to be in the low 3 figs or even low 2 figs lol. 241% APR but you get < 1% of your launchpool capital as rewards lol

I’m not aware that this is the current status now of launchpools but most of the time APR reduce depending on the number of tokens stake. The last time I join for ENA tokens in Binance still gives a decent profit on a medium size capital. I’m not sure how new tokens. I thought it’s just the same rewards system.

Launchpool is one of good opportunity in getting free tokens by only staking your stable or native token. The only problem is that if you participated on it by only small amount of money. It's only waste of time. How much token you will receive totally depends on how big your tokens getting staked. If you're just a little shrimp, the better never to take a look at this way. Unless, you agree if you will get pennies from your investment.

I've joined a few launchpools before, but it was a complete waste of time. I might have earned a few pennies, but they're still in my wallet, so I haven't even checked. If you only invest a small amount in the pool, you're only making a small profit. I'm not sure I'd trust those pools with larger amounts. Joining pools on centralized exchanges seems at least a little safer to me, but maybe I'm wrong. Centralized or decentralized doesn't really matter anyway. Those who claim to be decentralized are centralized and have plenty of vulnerabilities.

Those APR rarely come, now even some exchange only give good APR for launchpool to new users only. Since most of new projects right now listed with low FDV, honestly I think launchpool has just become another waste of time. I so don't really think it has that much earning potential as it was before.

That's wrong.. here's an analysis using $10k across the exchanges you mentioned.. what difference did you notice?.

Launchpad used to be able to give very good rewards but now due to the large number of participants, the rewards are very low for a large amount of stake. Due to which now good rewards are not available from Launchpad/Launchpool. However, if I have BNB holdings or any such coin holdings, then if there is an opportunity to join Launchpad with them, then I join there because I am already holding those coins, so if I use them on Launchpad and get a small reward for free, then of course it will not be bad. However, it is not profitable to join Launchpad only by taking the risk of buying specially volatile coins for now

Do you think it's worth it to deposit $10,000? I don't think so at all, although for some people it's quite valuable. Bitget can offer at least a 2% return, but on other exchanges, it's not even worth 1%. However, if the reward coin price increases significantly, it may affect the return value.

Some? Just like everything in investment, you see some good ones there on the image OP shared, but there are many which are horrible and you lose all. That is why there is nothing that makes this better exactly, you need to be careful about it. I understand it is not an easy thing to handle, but it is also not that difficult thing neither. We need to make sure that it's better looking. For the time being, just avoid them, because surely there are some good, but there are more bad than good, and they have to try hard to find some good. Like even on an example of good ones, there are bad ones at the bottom, imagine what lies beneath all of that too. That is why it would make sense to just make money from whatever you are handling, that should be the key. Ignore these.

Only the capped pool are worth to follow, others just giving dust. There's reason why the image you shared only have old projects, because back then it isn't too diluted and the newest projects has been quite bad in ROI ratio. Since it's free money anyway, if you got some money lying around, it's still great. Free money for doing nothing. As for me, I preferred finding APY somewhere else.