This is my opinion about the binance launch pad and this can be used to newcomers understand the risks. First, most people will enter the launch pad stake just to dump in the very first day, many of them are bots. This is proven with historical data.
Second, not because these projects are in binance that means they are any good. I can cite you that crap namely BTCST. Horrible project, in the very first month, they just multiplied their tokens by 10 airdrop everybody 10x more tokens, so far so good, that messed up the notion of value in the token. Some sold everything, after sometime it started to recover but, they tried some stuff with sintetic assets. That didnt end well too, the tokens lost completely the peg.
I have no idea how binance background check these projects but do not trust 100% on a project just because its on the launchpad. chances are they are not that good.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments