One convenient way these days to print money, presuming you have a Binance account and own BNB, is to participate in their Launchpad activities. Their first Launchpad activity this year where you could subscribe for the SPF token sale by committing your BNB was recently finished and participants could look back at some +1200 % profit on their allocated investment. (0.10 USD using a BNB price of 69.00 USD). There will be more to come, so stay tuned.

With BTC and ETH hitting new ATH in February, these kind of returns for ICO/IDO seem to be the new normal. If you check on Polkastarter which enables projects to raise capital on a decentralized environment you can see  that projects look at very healthy profits once listed (for reference see FXF where token distribution was done on February 08, 2021 with 1 ETH = 32258 FXF. One day later (February 09, 2021) you can trade 1 ETH = 3013 FXF. That is 10x return on your investment.

I don’t want to go into detail about Polkastarter, I have just mentioned FXF as an example that return of 10x the allocated investment is not very uncommon.

Let’s look at in more detail into the SPF Token launch. Binance has done this kind of Launchpad activities in the past and completed projects like SAND; APLHA or INJ. Previously, depending on the amount of BNB you were holding you participated in a lottery. The old system shall be none of our concern as Binance has changed to a new launchpad subscription format.

The new subscription format allows BNB holders to commit an amount of BNB towards a token sale (based on 6 day average), where their final allocation of the new token was determined by the ratio of their committed BNB against the total committed BNB by all participating users.

What was the outcome of this exercises with respect to SFP allocation? A total of 47,286 participants committed 11,262,241 BNB during the subscription period, representing an over-subscription of 164x.

For every 146 BNB you would have received SPF equivalent to 1 BNB. Rest of “unused” BNB was returned to your wallet. Since allocation of SFP is 0.10 USD using a BNB price of 69.00 USD you would have received 690 SFP. With the current price of around 1.69 USD per SFP you are looking at some serious gains per unit. If you already have BNB in your account for whatever reasons, you just go along and enjoy the ride. It doesn’t matter if you have 1 BNB or 10 BNB, you just take the free lunch. This is what I am doing, nothing special but collecting small pennies at a time.

But is it worth to buy BNB to participate in further Launchpad activities? Personally, I consider BNB on of the safer bets for two reasons: 1) Binance is quite active in the development of the crypto space with quite some upside growth potential. The crypto brokerage industry will continue to grow and especially Binance is doing a good job promoting DEX even they are considered as CEX. 2) the token burn program increases the likelihood that BNB will be more valuable over time.

How about some more speculative bets to participate in the Launchpad activities, presuming you have an Binance account? I personally advise against doing something like this, but everybody has their own risk appetite, based on their own research.

• Someone could consider liquidating parts/entire portfolio and move parts/all into BNB during the subscription period. Once subscription is over,  just switch back to the original portfolio allocation. Here the risk is the volatility of the BNB and/or portfolio whichcould lead to upside and or downside potential.
• Someone uses its portfolio to get a collateralized loan. Borrowing against  crypto assets enables  to access the value of the underlying without having to sell (e.g. big fan of HODL, avoiding tax issues related to short term holding of cyrtos …). Depending of the platform and assets in use, theloan -to -value (LTV) ratio can be up to 50 %. Interest rate is negligible, the main risk will remain with the underlying asset and the purchased BNB . In our case above,  you would have a made a killing. BNB went up in value and SFP went to the moon. Next time could be different.

As usual, higher risks = higher rewards or higher pain.