Binance Launchpool allows users to earn new tokens by staking their existing cryptocurrencies. Here’s how it works:
Pool Selection: Users select a pool to stake their tokens in. Typically, this is BNB, BUSD, or other popular cryptocurrencies.
Staking: After selecting a pool, users stake their tokens for a specific period.
Rewards: During this period, users are rewarded with new tokens that are distributed proportionally to their contribution.
Launchpool provides a passive income opportunity and allows you to support new projects in their early stages.