HOW TO FARM FREE CRYPTO ON BINANCE? EASY LAUNCHPOOL GUIDE
Binance is excited to announce the 48th project on Binance Launchpool - AEVO (AEVO) a decentralized derivatives exchange platform. The webpage is estimated to be available in 24 hours, before the Launchpool starts.
What is Binance Launchpool?
Binance Launchpool is a platform where users who participated, may receive newly minted tokens without paying any fees when they stake their BNB or chosen digital currencies. Depending on the amount of tokens you contribute to the pool, the quantity of tokens earned by you will vary.
Most pools have a lifespan of approximately 30 days. Tokens can be collected whenever desired after being calculated every hour. After 7 days, farmers gain an advantage by having their tokens listed on Binance.
By farming (earning) rewards through staking BNB/BUSD/other tokens, remember that users are allowed in Launchpool. At its core, this approach offers access to freshly issued currency without an upfront investment. Now, here is how it works
How to access Launchpool?
1. Log in to your 𝐁𝐢𝐧𝐚𝐧𝐜𝐞 𝐚𝐜𝐜𝐨𝐮𝐧𝐭 and click the 𝐌𝐨𝐫𝐞 𝐛𝐮𝐭𝐭𝐨𝐧- [Launchpad & Launchpools].
(WEBSITE)
(APP)
Log in to your 𝐁𝐢𝐧𝐚𝐧𝐜𝐞 𝐚𝐜𝐜𝐨𝐮𝐧𝐭, Go to 𝐒𝐄𝐑𝐕𝐈𝐂𝐄𝐒 section and Click the 𝐭𝐫𝐚𝐝𝐞 𝐛𝐮𝐭𝐭𝐨𝐧 - [Launchpad].
Then, scroll down to find [Launchpool] and the list of available and completed projects. (WEBSITE)
(APP)
How to participate in a new project?
𝐒𝐞𝐥𝐞𝐜𝐭 𝐭𝐡𝐞 𝐏𝐫𝐨𝐣𝐞𝐜𝐭 you want to stake your funds in, click the 𝐒𝐭𝐚𝐤𝐞 𝐛𝐮𝐭𝐭𝐨𝐧 and 𝐞𝐧𝐭𝐞𝐫 𝐭𝐡𝐞 𝐚𝐦𝐨𝐮𝐧𝐭 you want to stake.
Let’s take Non-Fungible Prompts (NFP) as an 𝐞𝐱𝐚𝐦𝐩𝐥𝐞. On the Launchpool page, you can see the available staking options for farming NFP. For example, [BNB POOL] means that you can stake BNB to farm NFP. Click [Stake Now] to participate.
Here you can see the project reward information and the estimated annual percentage yield (APY).
[My Funds] shows your staked assets. [Available] shows the available balance for staking in your Spot Wallet. If you do not hold any BNB, you can click [Buy BNB].
You can then click [Stake] to stake BNB to farm FLM. Your assets can be redeemed any time by clicking [Redeem]. To view your staking records, click [Staking History].
[My Rewards] shows your unclaimed earned rewards, which are updated every hour. You can click [Claim Rewards] to claim the earned tokens to your Spot Wallet any time you wish. To view the claimed rewards or distribution history, click [Claim History].
Requirement For Participation:
Have a KYC-verified Binance accountCommit at least 0.1 BNB or any other token supported in the poolNo maximum capNo maximum cap per user and the amount of tokens users can collect on a daily basis is proportional to the amount of tokens they have subscribed to the pool when compared to the amount of tokens subscribed to the pool by all participants. 𝐅𝐀𝐐'𝐒 𝐑𝐄𝐋𝐀𝐓𝐄𝐃 𝐓𝐎 𝐁𝐈𝐍𝐀𝐍𝐂𝐄 𝐋𝐀𝐔𝐍𝐂𝐇𝐏𝐎𝐎𝐋
Who can participate in Launchpool?
Anyone with a Binance.com account!
What do I need to participate in Launchpool?
All you need is more than 0.1 (for example 0.1 BNB) of any token supported in a pool.
Which pools are supported?
The supported pools for each project will vary, but as a rule of thumb you can find the list on the project’s Launchpad page
Are there any limits?
There are no upper limits, meaning you can stake as many tokens as you like. The minimum you can stake for each token is 0.1 (for example 0.1 BNB).
What if I’ve already subscribed my tokens to flexible savings?
If you’ve already subscribed to flexible savings prior to the activity period beginning then you will need to make an additional subscription of 0.1 or more of the coin you subscribed for your funds to qualify to earn Launchpool rewards.
When do I get the tokens I’ve farmed?
Every day, between 00:00 AM and 1:00 AM (UTC), any tokens you’ve earned will be distributed to your spot wallet.
How do I see the Annual Percentage Yield (APY) of each pool?
The APY of each pool will be visible once trading opens for the token that is being earned.
We took ARPA as an example, you can farm BEL with ARPA, BUSD, or BNB.
Can I trade the tokens I’ve farmed immediately?
Tokens you earn in the first seven days can’t be traded until the project has been listed on Binance.com. Once trading is live and from the 8th day onwards, you will be able to trade any tokens you earn as soon as you get them.
Has Launchpool replaced Launchpad?
No, not at all. Launchpool is a new initiative to help you safely farm new coins from existing assets. In fact, there may even be times when both run concurrently.
How can I see my daily average BNB holdings?
You will be able to view your average BNB holdings on the project’s dedicated Launchpad page after the staking calculation period starts.
Will the BNB I’ve used to subscribe to Launchpool be still counted for Launchpad and any other airdrops etc?
Yes, you will still qualify for airdrops, Launchpad eligibility, and VIP benefits, etc.
Are the tokens I’ve subscribed to Launchpool locked for 30 days?
No, not at all, you can withdraw (all or some) whenever you like. You can also add to your staked amount at any time.
Where can I learn more about the projects on Launchpool?
Binance Research will be publishing reports on each project hosted on Launchpool.
𝐒𝐭𝐚𝐤𝐞 𝐲𝐨𝐮𝐫 𝐢𝐝𝐥𝐞 𝐚𝐬𝐬𝐞𝐭𝐬 𝐭𝐨𝐝𝐚𝐲 𝐭𝐨 𝐟𝐚𝐫𝐦 𝐧𝐞𝐰 𝐭𝐨𝐤𝐞𝐧𝐬!
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