For around a month or so, Binance LunchPool caught my attention. I had no clue about it and there are over 40 projects launched that way. To tell you the truth i don't quite understand what's happening behind the scenes and if that way for a project to get launched is good or not, but i can say that it's only a win for me!
So far i have taken part in 2 Lunches let's say and the newer one is PIXELS which is basically centered around a pixelated game, did you expect that? When a new project is going to be launched through Binance LunchPool you get a notification. There is a countdown that informs us when exactly the staking period will be on and then you can then basically stake your BNB tokens for that period of time.
Now, based on your staked BNB you will earn some rewards which will be the project's said token and there will also be a duration on how long you will receive these rewards based on your stake. I think so far it was around 1 week or something.
So as i mentioned now with the last lunch pool which was the PIXELS token, i earned around 19 PIXELS which given the prices a couple of hours ago i sold for 11$, now i think it could have been around 12$. To tell you the truth i don't plan on holding these tokens long-term except if i am super excited about the project. Thus my plan is to sell, increase my BNB amount and then earn more rewards.
Master Plan? :P
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Thank you for that info! I now sold my 0.19 PIXELS :D
cool glad i helped!