The BETA Finance Binance Launchpad will be my third adventure with this distribution system and the first two attempts were amazing! I participated in the TokoCrypto ($TKO) and Coin98 ($C98) sales and with a purchase of $30 worth of BNB I made a 30x profit.
I sold all my TokoCrypto ($TKO) in the first hour after distribution, at $2.59 per $TKO. This price was really close to the All-time High and the profit made in few hours was unespected.
With Coin98 I tried to replicate the TokoCrypto success and I set the sale target at $1. I sold 470 $C98 at $1.06 and bought 2 BNB with the profit. I was happy with the result, but can't hide that I was feeling a bit sorry when Coin98 pumped at $6 last month.
The BETA Finance Binance Launchpad was announced a short time aster the MOBOX Launchpool was concluded, which means more profit to be generated. In the 30 days of MOBOX farming, I earned 15.5 $MBOX, which I swapped for Binance USD.
I spent the BUSD to buy Cardano ($ADA), because I still thing this one is highly undervalued. Spent 69 dollars to buy 33 $ADA, raising my stash to 177 Cardano. What's the plan for them? Just HODL!
Coming back on topic and the BETA Finance Launchpad, where we are still in the preparation period. The crash course is to let the BNB average be calculated during the 7 days of preparation, then commit the full amount for BETA and then sell it when the price pumps.
BETA Finance is a permissionless money market focusing on efficient lending, borrowing and short selling cryptocurrencies. This sounds similar to many other projects and I see this Launchpad as an opportunity for quick gains not long term holding. The amount of $BETA tokens allocated for the sale are 50,000,000, at $0.06 per $BETA token.
The event has four stages: Preparation, Subscription, Calculation and Final Token Distribution. During the preparation period, the daily BNB average will be calculated. The average will give the amount of BNB that can be used for subscription. The Binance users must have KYC verified account to participate in the sale.
The average BNB holding amount includes spot, futures, savings, margins, fiat, card and launchpad accounts, including the BNB Vault. Binance Coin allocated in DeFi Staking or Locked Staking is ineligible for the campaign.
What's the plan? The preparation period will finish and the BETA sale will move to the subscription period, when I will commit ALL my BNB. I did the same on the previous two and is perfectly fine, as the amount of committed BNB will be huge and only a small fraction will be deducted from the total amount. Don't forget to commit the BNB on the 8th of October, between 7AM and 11 AM UTC.
That's it... job done! The calculation period and the distribution will happen immediately after the subscription period ends. The tokens will be distributed in the spot wallet in few hours and after that feel free to watch the market. I will not sale immediatly upon listing and I will wait to see when the value will stop surging. The safe method is to set a sale target and cash out half of the $BETA when the target is reached and then wait more to see if the price is getting even better. Set your alarm for some free money!
Residual Income:
Torum essence - Be part of the future!
DeFi bounty at ++CakeDeFi++ with $30 DFI for new users
The fountains: PipeFlare ZCash, GlobalHive ZCash & Get.ZEN
I missed this event because I invested in some altcoins and it's still below the price I bought it. Bitcoin is rising, but unfortunately my altcoins are not.