PINS, the first Launchpad project of the cryptocurrency exchange LBank, gained 25% in value today. Sharing its second Launchpad project, the exchange whets the appetite of altcoin hunters.
LBank-backed PINS has been rallying since September 1
PINS, LBank’s first phase project after relaunching Launchpad, is trading at $0.0100149, up 25% in 24 hours. The altcoin has recorded 20x returns since its launch date of September 1st.
Based on the $1,000 cap investment of the Launchpad subscription, early investors who joined the subscription made over $20,000 in profits. PINs Network is social network that uses multi-role playing to create plot-driven metaverse content. Total altcoin PINs are 10 billion, of which 2% are distributed through Launchpad.
LBank Launchpad’s new altcoin project has been announced: MetaExpand (UMM)
LBank’s first Launchpad PINs (Chat to Win) last month saw a 1600% increase, even in a bear market. According to the announcement, LBank launched its second Launchpad yesterday, which is still available in the GameFi space. MetaExpand (UMM) significantly bridges the technological gap between public chains and metaverse applications. Meanwhile, the deadlines for UMM are as follows:
- Snapshot Period: 1 September 2023 00:00 – 27 September 2023 00:00 (UTC)
- Subscription Period: September 28, 2023 06:00 (UTC) to September 28, 2023 11:00 (UTC).
Analysts keep expectations high
Meanwhile, experts predict that GameFi will be one of the main directions for the next Web3 cycle. Based on observations during his personal visit to Kuala Lumpur, X’s @Rocky_Bitcoin concludes that the second half of this year could witness a significant boom in GameFi. From both a return on capital and game development perspective, the timing seems appropriate to enter this space.
Factors to consider
It is very important for altcoin investors to do their own research when exploring new projects. It is especially important to pay attention to the following factors when considering investing in GameFi. Here are some elements you should pay attention to:
- Volatility: Considering the startup phase, it is necessary to be careful of significant price fluctuations.
- Regulatory environment: GameFi generally operates in relatively secluded areas. This adds an element of risk.
- Community and ecosystem: Strong community support and partnerships are crucial to capitalizing on potential lift.
- Innovation and benefit. Projects with unique value propositions or gaming mechanisms often attract more attention.
- Launchpad projects: Projects such as TYPE and PINS, which were the first exchange offers, were huge successes. It generally carries lower potential risks.
What to expect from the new altcoin project MetaExpand?
Considering the overall performance data and the prevalence of Launchpad projects in the GameFi (X to Earn) space, it is highly likely that we will see bull runs in this sector in the second half of the year. Launchpad projects are especially worth participating in. Time will tell whether LBank’s Launchpad MetaExpand will be one of these dark horses. As Kriptokoin.com, we will be informing you about the next Launchpad projects in the first minutes.
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