If you are starting in the world of cryptocurrencies, you have surely heard terms like Launchpool and Airdrop. Both are popular ways to obtain new tokens, but they work differently. In this post, I explain the main differences so that you understand how to take advantage of them to the fullest.
What is a Launchpool?
A Launchpool is like a tool to 'farm' tokens. Here you can lock (stake) your cryptocurrencies on a platform, and as a reward, you receive new tokens.
How does it work?
You deposit (stake) coins like BNB, USDT, or similar in a pool for a period of time.
The platform pays you with new tokens in proportion to the amount you locked.
Advantages of Launchpool
It is a way to obtain tokens without buying them directly.
You can withdraw your coins after the staking period.
Real example
In Binance Launchpool, you can stake $BNB and receive new tokens from emerging projects.
What is an Airdrop?
An Airdrop is the free distribution of tokens. Think of it as a gift from the projects to promote themselves or reward users.
How does it work?
You meet certain requirements, such as holding a specific cryptocurrency or performing promotional tasks.
You receive the tokens directly in your wallet.
Advantages of Airdrop
Generally, you do not need to invest money or lock assets.
It is ideal for beginners looking to increase their portfolio without risks.
Real example
A project like Arbitrum can launch an airdrop of its token$ARB for users who previously interacted with its network.
Key differences between Launchpool and Airdrop
Which is better for you?
If you already have cryptocurrencies and want to use them to earn more, a Launchpool may be ideal.
If you are looking to increase your portfolio without investing money, Airdrops are an excellent option.
Both methods are interesting opportunities to get involved in new projects. Explore each option and choose the one that best fits your strategy! Do you have questions? Leave them in the comments.
