We explained first about liquidity pools and we will explain them again in a different way 💎
The advantage of liquidity pools is that they enable currency owners to store their coins, and in return, they are distributed free coins from new projects, often before they are listed for trading. 😳
This is the best way to own new coins.
If you buy the same currency and add to it what was distributed to you for free, you will find that your average purchase value has become better. 📊
One of the best ways to passive income in the cryptocurrency market. 🤑
Why do we call it a liquid basin?
A specific number of coins will be allocated to be distributed to people who will participate in staking.
This number of coins that will be distributed is considered liquidity and is confined to a pool.
Hence we called it a liquid basin 💰
How do you know the amount that will be distributed to you?
The quantity that will be distributed to you is equal to the quantity you have stored, for example:
1000 ETH were stored in the liquidity pool and you stored 15 ETH, which means that 1.5% of the number of coins allocated for free distribution will be distributed to you.💰
On the Binance platform, you will find it in the Launchpool section and it asks to store $BNB and $FDUSD.
On other platforms, you will find them asking for various currencies.
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