Neutron Launchpool Farming on Binance

Binance keeps on launching new crypto projects through its launchpad and sometimes taking part can be a good profitable deal but we must have the required coins to take part. I saw a post by @ifarmgirl about Neutron faring on Binance launchpool. I do not log in to the Binance exchange account frequently and this is why I'm not much updated about the upcoming or new projects on this exchange. Last I remember they had launched CYBER and SEI. I participated in both and was able to earn some reward however it was not so big but still something is better than nothing. I believe that we should not miss any opportunity when we can earn some free tokens just by participating in such events and this launchpad is certainly one of the options where people earn a good amount of rewards by locking their coins.

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After reading the post I logged in to the exchange and participated in this launch pool programme by locking my BNB. Whatever BNB coin I have in the exchange is not a big amount but still something is better than nothing so I try to use this balance to participate in different launch pool projects. This is how sometimes I get some reward and sometimes it is too low that even selling is difficult in the market. This project supports three coins including BNB, TUSD and FDUSD. Binance has removed BUSD from all such services and the exchange has been delisting BNB from other pairs. You can say FDUSD is the next BUSD in Binance.

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The total farming period for this is 20 days and now its remaining time is 18 days approximately. The good thing is that the token has already been listed on the exchange so whatever will be the reward can be traded in the market. Although this is not advised to keep funds in the exchange because of the safety regions but still if you hold then you can still take advantage of the situation.

The current APY is 4.32% which is quite low but it is better than holding the token in liquid form and I keep some tokens in liquid form because you never know when there is a trading opportunity in the market and that is when this balance helps. I personally believe that keeping bigger funds in an exchange account is never recommended and I follow that but since I keep some liquid in the exchange for trading purposes and whenever I see such projects I participate.

The current market situation is not good and we are in a bear market which has been a very long time. I know that this is not good because it has affected many exchanges and even we as investors are also affected but I believe this is the time when we can build a better and bigger portfolio in terms of higher inventory. These days I have also started the dollar cost averaging on Matic coin which seem to be a great project as of now.

Although I have participated in the forming for this project that is called Neutron but I'm not sure whether I will be investing in this because I have no idea about it and I have taken part just for the forming purpose. This can be risky because initially, people find the projects valuable because of the market hype and later on things may not go as expected. It's always suggested to go through the project details even on the launchpad thoroughly before investing any money. Now since I'm part of farming and if something goes wrong then my funds will not be lost because they will come back to my wallet and there is no risk. It is a safe option to go for where there is a possibility to earn some reward but there is no way of financial advice to invest in the project and if you want to do it then please do your own research before investing.

Thank you

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