Hello Friends,
Good day to you. Hope the day is going well for you and it's going well for me also.
Binance is world world-popular crypto exchange and it has a segment called Launchpad which is for new projects in the crypto market. This is a way through which the exchange supports many new projects to get more attention in the market. The reason why it is so popular is because whatever project is added on the launchpad has gone to the exchange listing confirmed. Exchange says that the listing is not guaranteed but so far every project has got the listing in the exchange which itself is a big thing.
Website- https://ace.fusionist.io/
Mindy projects in the crypto market struggle to get their coin listed on the exchange but with Launchpool the way to this thing seems easy for such projects. I'm sure that there must be a team behind the exchange working to check out all the points before listing any project on the launch pool. It's not an easy thing for any project to get the slot in the launchpad but if it happens then for sure the project is going to get more attention and hype in the market. This is not a guarantee that the project is going to be a success and this is why it is very important to be careful while investing in such projects even after getting them listed through the launchpad.
ACE fusionist is the new Project
As of now, this project will be going live in less than one day and we will have only two options to be used. It's going to be BNB along with FDUSD coins. Also, there is a segregation between the reward allocation where 20% is allocated for the FD USD pool and the BNB coin is 80% which is a bigger allocation. Now it's up to you what coin you are going to continue with and accordingly, you will be rewarded as per your participation.
BNB Pool:-
This farming is going to be for five days and already we can see a big amount of coins are locked in the pool. Technically these coins are not locked as we always have the option to withdraw and get away with the pool. Looks like more people are participating in this to get the benefit and this is also for the short term. Usually, this type of farming is for a few weeks or a month but I don't know why this time it is too short which is just five days.
FDUSD Pool:-
There is an option to switch the pool to get the information and here is another pool for FDUSD coin. I observe that the exchange is promoting this coin more after withdrawing the support for its stablecoin BUSD. This is a recently launched stablecoin but so far there is no problem with its liquidity or maybe it's too early to conclude anything. Now I have explained both options you can try your luck if you have a holding in the exchange account however I do not recommend any type of financial advice because I'm not an expert. If you are holding your coins in the exchange you can think about it.
Conclusion
I believe this is a good option to get some additional reward but only if you are holding the designated coins with you and preferably in the exchange wallet. It is not an investment because you are not losing anything on the base coin however you may or may not earn a good reward because it is dependent upon the pool size and the token price. Certainly, different factors need to be considered and for that, it is highly recommended to go through the project details. You always have the option to invest in this project once it is launched and listed on the exchange but again you need to go through the project and figure out whether it is worth investing in or not as per your preference. This can be a risky decision because getting a listing through the launchpad does not guarantee anything but again in the crypto market taking more risk can also be a good opportunity to get better returns.
Images are from Binance exchange
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