Binance Launchpad vs. Binance Launchpool
Launchpad: An initial exchange offering (IEO) platform that allows users to invest in new and promising crypto projects by committing BNB tokens. Users can earn new tokens as rewards, but their participation limit is based on their average BNB balance over a set period of time. Launchpad helps projects raise funds and spread awareness through Binance’s ecosystem and media channels.
Launchpool: A liquidity farming service that allows users to stake their crypto tokens in exchange for new tokens from emerging crypto projects. Users can earn passive income by providing liquidity to the projects, and they can unstake their tokens at any time. Launchpool helps projects distribute their tokens and attract users to their platforms.
