Crypto Academy Week 10 - Homework Post for @fendit

In this homework, i am going to do some explanations.

WHICH IS YOUR RISK AVERSION, WHICH OF THESE PRODUCTS YOU FIND THE MOST APPEALING AND WHY?

Since i am ready to make my cryptocurrency work for me, i have to consider first my risk aversion. I need to consider the extent of risk i am willing to take which is also reflected in the extent of profit my investment will yield. For me, i will go for Conservative tolerance to risk. I will like to make investment where i will feel more confident that my investment will give me a guaranteed profit even though the profit will also be low. As you know, the more the risk, the more the profit and vice versa. Based on the fact that my risk tolerance is low, i find flexible savings product the most appealing because i can stake my coins and redeem them at anytime i want. To a large extent, my profit is guaranteed even though the annual percentage yield and interest rate will be low.

EXPLAIN IN YOUR OWN WORDS FIXED AND FLEXIBLE SAVINGS, HIGH RISK PRODUCTS AND LAUNCH POOLS

I am going to explain the different terms above.
i. Fixed savings: As the name implies, the coins you wish to invest will be staked for a fixed amount of time and within this period of time that the coins are staked, you cannot take them out. The interest rates are higher than that of flexible savings and the risks are also higher. The longer the fixed period of time, the higher the annual percentage yield. Investors who have moderate risk tolerance will go for this.

ii. Flexible savings: The idea in flexible savings is that you can stake your coins and redeem them at any time you want. Because of this flexibility, the annual percentage yield/interest rate is usually lower compared to fixed savings. Investors with low risk tolerance will go for this product.

iii. High risk products: As the name implies, this type of investments have very high risks. As such, the profit margin is also very high. Investors with high tolerance to risk will go for this type of product.

iv. Launch pools: A launch pool is a platform that provides investment opportunity. It is a platform where new projects are advertised, investors are allowed to stake their tokens to provide liquidity, and after the farming time, the tokens are refunded back to the investors plus additional new tokens given to the investors. This additional new tokens are determined by the annual percentage yield. The annual percentage yield helps the investors to determine which investment will give them a higher return.

SHOW AND GIVE DETAIL ON HOW TO SET THE INVESTMENT YOU CHOSE IN BINANCE
I am going to show how i will set up the investment i chose in Binance. My investment is called Flamingo BNB. I am going to stake BNB to farm the new token Flamingo (FLM), that is why the investment is called Flamingo BNB.
First, i will open the official website of Binance, then i will click the button in the navigation menu and select {Launchpad}, then i will choose the Launchpool tab. The launchpool tab shows me all the launchpool projects available.

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I will now go to Flamingo BNB and click 'Stake now'

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The next thing that will come up is the project reward information and the estimated annual percentage yield.

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That is how to set up the Flamingo BNB investment that i have chosen.

I am grateful to Professor @fendit and his assistance @sapwood.