Binance Launchpool is a platform that allows crypto holders to earn new tokens by locking some of their existing assets, such as BNB and other supported tokens. This process is completely free, with users receiving new project tokens in exchange for locking some of their assets.
Participating in Binance Launchpool is straightforward. First, it is easy to earn tokens. A user locks some tokens with Binance and gets other tokens in return. New tokens are rewarded based on the amount of locked assets and the Launchpool period. This method simplifies the process of earning new tokens, making it accessible to a wider range of users.
In addition, Binance Launchpool offers flexibility to its users. Participants can withdraw their rewards and unlock their funds at any time. Furthermore, Binance additionally supports projects featured on Launchpool by offering advisory services, enhancing community engagement, and extending marketing reach.
To participate, simply navigate to the Binance Launchpool page, and select a project you're interested in that is accepting contributions. Then, pick a pool to allocate your funds to. After locking your assets, you will start earning the project tokens.
The total rewards, farming period, supported tokens, and maximum hourly rewards can differ from project to project. When the farming period is over, your locked assets and all earned rewards will be automatically sent to your Binance Spot account.
Learn more: Your Guide to Binance Launchpad and Launchpool.