Do you want to make more profit on your crypto holdings? I found a simple way you can do that on Bybit Launchpool.
It allows you to earn more tokens on what you already have, and at a very high rate.
Sounds interesting? Keep reading and I’ll show you how to go about it.
How to make 89% monthly profit on the Bybit Launchpool
You may watch this video to see how Jude Umeano made an 89% profit on Bybit Launchpool.
Also, I explained the steps below. Enjoy!
Let’s begin by explaining Bybit Launchpool.
What is Bybit Launchpool?
Bybit Launchpool is a feature of Bybit Earn that allows you to stake and earn tokens for free.
The tokens listed on the Launchpool are tokens that are traded in the Spot markets.
However, if you stake them on the Launchpool, you will earn more profits within the time the token’s plan is live, as compared to what you would have made, trading the regular way.
Additionally, you can unstake your tokens at any time.
Follow these simple steps to profit from the Bybit Launchpool:
i. Create a Bybit account using my link and get verified.
ii. Download the Bybit mobile app and log in to your account.
iii. From the homepage, select “More” and then “Earn”
iv. Next, you select “Launchpool” and click on any of the listed coins.
v. Then you deposit the coin to start earning profits.
Note that you need to have the coin in your “Earn” wallet. If you don’t have it, you can purchase the amount you need from the Spot market and then transfer it to your “Earn” wallet.
Also, you can always view your daily yield from the “Earn” option under the “Wallet” menu on the homepage.
As of the time of writing (11/10/2022), no coin is available for staking in the Launchpool.
The most recent one, OKG, had an APY (annual percentage yield) of 1090.35% which is approximately 89% monthly profit.
i.e. [(1090.35/365) x 30]
Cool, right?
Now that you’ve learned about the Bybit Launchpool, I hope you maximize it to earn more profits on your crypto holdings.
Let’s answer a few questions and then we can call this post a wrap.
FAQs
Your daily yield depends on the number of tokens you’ve staked to a pool in proportion to the total number of tokens staked by the respective participants.
It is automatically calculated;
Daily yield of new token = (the number of tokens you staked / total number staked by all participants) * daily price of the new token
No. Your daily yield will not be reinvested automatically to generate additional yield.
You’d have to make a new deposit manually on the Bybit Launchpool.
It is derived from the total number of tokens staked to the pool by all respective participants.
The higher the total number of tokens staked to a pool, the lower its estimated APY will be.
Yes. You can check for the steps to get verified on Bybit here.
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Conclusion
We have now come to the end of our discussion on Bybit Launchpool. I hope you found it helpful.
Tell me, in the comments, if you’ll be trying out the Launchpool. Also, drop any questions you may have and I’ll attend to them promptly.
Before you go, please share this article with your friends, thank you!
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