Binance Launchpool is a platform introduced by Binance, one of the largest cryptocurrency exchanges in the world. It allows users to farm new token rewards by staking certain cryptocurrencies. Essentially, users can stake their Binance Coin (BNB), BUSD (Binance USD), or other specified cryptocurrencies to earn rewards in newly launched tokens.

Here's how it typically works:

1. Binance selects a new project to be featured on Launchpool.

2. Users can stake their BNB, BUSD, or other specified cryptocurrencies into pools dedicated to the selected project.

3. In return, users receive rewards in the form of the newly launched tokens over a certain period.

4. After the staking period ends, users can claim their earned tokens.

The Launchpool platform aims to provide a way for users to participate in new projects and earn rewards while also supporting the growth and development of those projects. It's important for users to do their own research before participating, as investing in new tokens carries inherent risks.$BNB