The Binance Launchpad: Coin 98 is now in the preparation period. The average amount of Binance Coin (BNB) is calculated and will finish on the 23rd of July. There are two days left to take advantage of this crypto opportunity and generate some profit. The amount of tokens set for distribution is set at 50,000,000 C98 at $0.075 sell price. My feeling is that this will pump upon listing and big players will sell their big shares. Little shrimps can benefit as well ... if they are quick enough!
The previous Launchpad, was an amazing source of income, gaining $926 from TKO. TokoCrypto paid me one month wages in just few hours, as I sold them all in the same morning. The only issue I had with the Launchpad distribution is that once you commit, you have no idea how much you will get or how much BNB you will spend. I committed my full stash of Binance Coin (BNB) and I set my alarm really early on distribution day to make sure I will be one of the users sharing share 75,000,000 TKO tokens. The sale price per token was 0.01 USD, with a maximum cap per user set at $20,000. The event achieved the target as 10,502,201 BNB was committed by 201,406 users. I was deducted 0.0878 BNB for 356.67 TKO, which were the best $30 I ever invested. When TKO was listed, the price surged and my stash reached an estimated value of $991. It reached ATH $3.44 but I don't feel sorry for selling at a lower price. I sold it all for $926.45 once the trading pairs were live. Nothing better than earned money that will earn more money! The exchange rate was $2.59, about $0.80 lower than the all time high, but still an excellent gain considering the $30-ish paid for them.
Coin98 is a DeFi platform working on the niche sector of TradFi and cross-chain DeFi, acting as a gateway of interoperability. The suite of products and services is covered by the Coin98 Wallet, Coin98 Exchange and the SpaceGate Bridge. The multichain aggregator supports over 20 blockchains an allow users to swap, stake and earn from multiple sources.
C98 token is the utility token that powers the Coin98 ecosystem, being used for services fees, staking incentives, for governance voting and unique membership rights. From the total token supply, 18,5% will be distributed through the Binance Launchpad: Coin 98 at $0.075 per token.
The BNB Calculation Period started on the 16th of July and the daily average BNB holdings will be calculated. The snapshots will determine how much a user can commit during the subscription period, as the amount will be made by the average holding in all 7 days. The minimum amount for participation is 0.1 Binance Coin.
Only Binance Coin (BNB) from DeFi staking, Locked Staking and Liquid Swap will not be considered for the event. All BNB in Spot, Future, Margins, Fiat, Savings and Card accounts, including BNB Vault are entered into the average calculation.
What's Next? How to earn? The calculation will be updated daily and the total amount that can be committed will represent the share of BNB that will be locked until the final token distribution. Set an alarm at 7:00 AM UTC on the 23rd of July to subscribe your desired amount of Binance Coin. My advice will be to commit your full BNB stash, as each user will receive a share of Coin98 depending on the total amount of BNB locked in the Subscription Period. I estimate that no much than 1% to 3% of the committed amount will be deducted for Coin98, therefore the aim will be to get as much as possible.
The calculation period will start at 11 AM, and each share will be calculated based on the total amount of BNB locked in the campaigns. One hour later, at 12 PM, the final distribution will start. The participants will receive their share of Coin98 and the equivalent amount of BNB will be deducted.
The previous Launchpad was a gold mine and I have big expectations again. I will wait for the final distribution to finish and for the Coin98 price to pump. Once the price will be equivalent to a pot of gold, I will cash out and sell them all. The amount will be shared between Binance Coin (BNB) and Binance USD (BUSD). Firstly, I will refill the BNB Vault with the amount spent for the Coin98 purchase and then split the profit in half. Once half will be spent on buying BNB at the current discounted price, while the other will be the tangible and risk free profit, in BUSD. It's not rocket science ... it's swimming along with the sharks and eating the breadcrumbs.
Links:
TokoCrypto (TKO) paid me a month's wage in a day!
Resources:
Join the CakeDeFi revolution and get $30 worth of DeFiChain (DFI)
Amazon author page: PV Mihalache
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Crypto is sometimes all about timing! Good luck with it! I prefer to stay away from it, I already have too many different coins in my portfolio!