I will take the courage and spare a couple of minutes of your time writing a reference article about Bitget's Earn product concentrating on Launchpool , PoolX and LaunchX.
The above products attracted a huge interest during the last 2 weeks introducing a new era of passive income in the crypto space. It is nothing new to crypto world but the last 14 days were very interesting pointing out a potential growth not only for newcomers in the space but for experienced users too.
A quick summary for all three products follows:
"Launchpool" is a staking program within the platform allowing users to participate in early stage crypto projects which are about to get listed in Bitget in the upcoming days. Users can stake their assets (mostly BGB) in selected pools and receive tokens from the upcoming projects. Very important to mention is the fact that staking assets return in full to the user's spot account after completion of the pool. Rewards received in a form of airdrop. Amount of staking assets determine the amount earned from each product.
"PoolX" works as a liquidity mining platform where users are providing liquidity to various token pairs in order to earn some rewards. It offers a flexible option giving the availability to add stake or redeem your assets according to your strategy. Implemented under the EARN program it aims to maximise yield with the minimum provided risk. In addition, a PoolX project can simultaneously runs on "Launchpool" providing the opportunity to transfer one project's earnings to be staked on another earning product while both are running creating even more rewards. Different popular assets can be stakes appart from the inital token like $BGB, $BTC, $ETH, $USDT and others.
"LaunchX" basically is a Web3 program within Bitget's Ecosystem designed to help new projects raising funds before launching and listing their tokens. Having the opportunity to enter early in an emerging crypto project users gain the opportunity to participate in new project sales with the potential to earn rewards. A subscription hard cap is usually applied in order to keep a fair distribution to committed users leaving aside any whales. In difference from Launchpool and PoolX products, funds once committed can not be withdrawn until token distribution is confirmed!
In conclusion, the above products can provide a freedom in terms of safe investing and low risk investing without the hustle of spending hours in daily trading. New tokens immerse every 2-3 days, while many projects run simultaneously and sometimes in both earning products. Staking, redeeming and move funds around them can be very easily performed in a matter of seconds, while earnings can be a massive opportunity for your wallet growth.
P.S: What I personally found interesting is the ease amount of information I received while entering to these tokes lately, where I could firstly join in a brand new project and then having the tools in front of me to do my own research without looking for websites, social media and other sources.
I hope it doesn't take too long to read!
Thanks for reading until the end.
