The Crypto Investor's Recession Gold mine

The Crypto Investor's Recession Gold mine (Binance launch pool and Staking pool)
As we are still in recession a lot of crypto investors are worried about their crypto portfolios going down day by day. Some have even given up on their crypto journey. But is there any possibility of making money in crypto in this recession period? Yes the answer and that's what I am going to discuss in full in this article. Turn your crypto wallet into Recession Gold Mine using this strategy
Everything You Need to Know About Binance Launchpool: How to Farm Tokens, Calculate APY & More

So, what is Binance Launchpool?
Launchpool lets you use your tokens to farm (earn) a new token, for free.
The amount of tokens you earn each day is proportional to the number of tokens you have subscribed to the pool vs the total number of tokens subscribed to the pool. You can earn the new token over a set period, usually 30 days. We often open trading of the token on the 7th day of farming, at which point you can immediately trade any tokens you have earned.
The tokens you earn are calculated hourly, and you can harvest your pending rewards at any time.
Basically, you get to accumulate a brand new coin, prior to (and after) a guaranteed listing on Binance.com, for free. Not a bad deal, right?
What’s next? You’ve got your tokens and you’re ready to farm, but how do you get started? Check out the simple guides for both web and the app below:
Web Version

Go to the Launchpool page.
Select the pool that you wish to stake tokens in.
Input the amount of tokens you’d like to stake.
Click “Stake”
Done! It’s as easy as that.
App Version
Go to “Launchpad”.
Click “Stake now” on the token you want to farm.
Click “Stake” and input the number of tokens you’d like to stake.
Click “Confirm Purchase”.
Done!
Farm Launchpool Tokens Now
Is your thirst for knowledge not yet satisfied? Check out some quick-fire FAQs:
Who can participate in Launchpool?
Anyone with a Binance.com account! (If you don’t have one yet, click here!)
What do I need to participate in Launchpool?
All you need is more than 0.1 (for example 0.1 BNB) of any token supported in a pool.
Which pools are supported?
The supported pools for each project will vary, but as a rule of thumb, you can find the list on the project’s Launchpad page.
Are there any limits?
There are no upper limits, meaning you can stake as many tokens as you like. The minimum you can stake for each token is 0.1 (for example 0.1 BNB).
When do I get the tokens I’ve farmed?
The tokens you earn are calculated every hour. You can harvest these rewards at any time.
How do I see the Annual Percentage Yield (APY) of each pool?
The APY of each pool will be visible once trading opens for the token that is being earned.
We’ve made a sample model below to give you some idea of what you might be able to expect. Please bear in mind that this is highly variable based on a number of factors.
BNB Price
$23
Total BNB Locked
10,000,000
Total Value Locked
$230,000,000
Listing Multiple
Week 1 APY (%)
0.5x
8.93%
1x
17.85%
5x
89.27%
10x
178.53%
Can I trade the tokens I’ve farmed immediately?
Tokens you earn can’t be traded until the project has been listed on Binance.com. Once trading is live, you will be able to trade any tokens you earn as soon as you get them.
Has Launchpool replaced Launchpad?
No, not at all. Launchpool is a new initiative to help you safely farm new coins from existing assets. In fact, there may even be times when both run concurrently.
How can I see my daily average BNB holdings?
You will be able to view your average BNB holdings on the project’s dedicated Launchpad page after the staking calculation period starts.
Will the BNB I’ve used to subscribe to Launchpool be still counted for Launchpad and any other airdrops etc?
Yes, you will still qualify for airdrops, Launchpad eligibility, and VIP benefits, etc.
Are the tokens I’ve subscribed to Launchpool locked for 30 days?
No, not at all, you can withdraw (all or some) whenever you like. You can also add to your staked amount at any time.
Where can I learn more about the projects on Launchpool?
Binance Research will be publishing reports on each project hosted on Launchpool.
Hopefully, that will cover most questions that you have!
Farm Launchpool Tokens Now!

Next up is STAKING POOL

How does staking work? Staking involves validators who lock up their coins so they can be randomly selected by the protocol at specific intervals to create a block. Usually, participants that stake larger amounts have a higher chance of being chosen as the next block validator.
This allows for blocks to be produced without relying on specialized mining hardware, such as ASICs. While ASIC mining requires a significant investment in hardware, staking requires direct investment in the cryptocurrency itself. So, instead of competing for the next block with computational work, PoS validators are selected based on the number of coins they are staking. The “stake” (the coin holding) is what incentivizes validators to maintain network security. If they fail to do that, their entire stake might be at risk
While each Proof of Stake blockchain has its particular staking currency, some networks adopt a two-token system where the rewards are paid in a second token.
On a very practical level, staking just means keeping funds in a suitable wallet. This enables essentially anyone to perform various network functions in return for staking rewards. It may also include adding funds to a staking pool, which we’ll cover shortly.

How are staking rewards calculated?
There’s no short answer here. Each blockchain network may use a different way of calculating staking rewards.
Some are adjusted on a block-by-block basis, taking into account many different factors. These can include:
how many coins the validator is staking
how long the validator has been actively staking
how many coins are staked on the network in total
the inflation rate
other factors
For some other networks, staking rewards are determined as a fixed percentage. These rewards are distributed to validators as a sort of compensation for inflation. Inflation encourages users to spend their coins instead of holding them, which may increase their usage as cryptocurrency. But with this model, validators can calculate exactly what staking reward they can expect.
A predictable reward schedule rather than a probabilistic chance of receiving a block reward may look favorable to some. And since this is public information, it might incentivize more participants to get involved in staking.

What is a staking pool?
A staking pool is a group of coin holders merging their resources to increase their chances of validating blocks and receiving rewards. They combine their staking power and share the rewards proportionally to their contributions to the pool.
Setting up and maintaining a staking pool often requires a lot of time and expertise. Staking pools tend to be the most effective on networks where the barrier of entry (technical or financial) is relatively high. As such, many pool providers charge a fee from the staking rewards that are distributed to participants.
Other than that, pools may provide additional flexibility for individual stakes. Typically, the stake has to be locked for a fixed period and usually has a withdrawal or unbinding time set by the protocol. What’s more, there’s almost certainly a substantial minimum balance required to stake to disincentivize malicious behavior.
Most staking pools require a low minimum balance and append no additional withdrawal times. As such, joining a staking pool instead of staking solo might be ideal for newer users.

What is cold staking?
Cold staking refers to the process of staking on a wallet that’s not connected to the Internet. This may be done using a hardware wallet, but it’s also possible with an air-gapped software wallet.
Networks that support cold staking allow users to stake while securely holding their funds offline. It’s worth noting that if the stakeholder moves their coins out of cold storage, they’ll stop receiving rewards.
Cold staking is particularly useful for large stakeholders who want to ensure maximum protection of their funds while supporting the network.
Looking to get started with cryptocurrency? Buy Bitcoin on Binance!

How to stake on Binance
In a way, you could think of holding your coins on Binance Earn - Locked Staking as adding them to a staking pool. However, there are no fees, and you have over 100 different cryptocurrencies to choose from!
Staking on an exchange
Staking on an exchange makes the process very simple. The exchange will operate as the validator and will complete all of the technical work for you. This means you don't have to worry about researching and selecting a suitable validator. The Binance exchange charges no staking fees, which is a bonus.
Staking Binance Coin on the Binance exchange is very straightforward:
Binance. Head over to the Binance homepage and create a Binance account.
Deposit. Deposit BNB tokens into the Binance wallet or purchase BNB tokens via fiat or crypto exchange.
Binance Earn. Navigate to the Binance Earn page. This can be accessed via the dropdown menu: Finance > Binance Earn.
Search BNB. Search for BNB or any other coin of your choice in the coin search box.
Product selection. Look for the "Staking" product in the available list and click "Stake" at the end of the row.
Locking period. Choose your locking period (30, 60 or 90 days) and the amount you would like to stake. The minimum is 0.0001 BNB and the maximum is 50,000 BNB.
Confirm. Once you have accepted the staking agreement, you will then need to confirm your transaction. That's it! You will now start passively earning Binance Coin rewards. At the time of writing, the estimated annual percentage yield (APY) for BNB is 7.72%, but this changes on a daily basis.
Staked BNB or other coins can be withdrawn or traded at any time by clicking "Redeem earlier" after navigating to your staked orders. This can be accessed via Wallet > Earn.

Closing thoughts
Proof of Stake and staking opens up more avenues for anyone wishing to participate in the consensus and governance of blockchains. What’s more, it’s an utterly easy way to earn passive income by simply holding coins. As it’s getting increasingly easy to stake, the barriers of entry to the blockchain ecosystem are getting lower.
It’s worth keeping in mind, though, that staking isn’t entirely without risk. Locking up funds in a smart contract is prone to bugs, so it’s always important to DYOR and use high-quality wallets, such as Trust Wallet.
Be sure to check out our staking page to see which coins are supported for staking and start earning rewards today!
So now you know how to turn your binance crypto wallet into Recession Gold Mine.