Recently, I tried Gate's Launchpool and found it to be friendlier than I expected. I used to think that this type of mining model had a high threshold, but in practice, I found that by staking 1 GT, I could participate, and the rewards are credited every hour, which is very transparent. Last month, I participated in the MBG project, staking ETH and a small amount of MBG, with an annual percentage rate close to 800%. Although the market has significant fluctuations, I can see the rewards rise every hour, which makes me feel more secure psychologically.

The project selection in Launchpool is also quite rich, covering everything from DeFi to GameFi. Personally, I prefer designs that support multi-currency staking, such as some projects allowing participation with BTC, ETH, or even USDT, which provides a lot of flexibility. However, it is important to note that the prices of new tokens can be very volatile in the early stages, so it is recommended to observe the market first after receiving rewards before deciding whether to hold long-term.
Overall, Launchpool is suitable for users who are willing to spend some time researching the background of the projects. The returns are indeed much higher than traditional investments, but don't be blinded by the high APR; diversifying your investments is a more prudent approach.