Binance Launchpool allows crypto holders to lock their assets to earn new tokens. The entire process is simple and rewards are proportional to the locked amount and the duration of the Launchpool period. Keep reading to learn how you can get started with Binance Launchpool.
Getting Started With Binance Launchpool:
1. If you do not already have a Binance account, you will need to create one. Visit the Binance website and click [Sign Up]. Complete the registration process, which includes verifying your email and identity.
2. Once your Binance account is set up, navigate to Binance Launchpool. Hover over [More] and select [Launchpool] in the dropdown menu.
3. Choose a project you want to support that is currently open for farming. In this example, there are two farming pools, one for BNB and another for FDUSD.
4. Click on [Custom Allocation] to allocate your funds into different pools based on the tokens you have.
5. The total rewards, farming period, supported tokens, and APY estimate will vary from project to project. Once you lock your assets, you will begin earning the project tokens.
6. At the end of the farming period, your locked assets and all earned rewards will be automatically transferred to your Binance Spot account.
Key Benefits of Binance Launchpool:
1. No need to purchase new tokens; earn from locking your existing assets.
2. Unlock your funds at any time.
3. Get early access to innovative projects.