Staking a coin in the Binance Launchpool is a straightforward process. Hereās how you can do it:
1. Log In to Your Binance Account
Go to the Binance website or mobile app and log in to your account. If you donāt have one, youāll need to register and complete KYC (Know Your Customer) verification.
2. Navigate to the Launchpool
On the homepage, locate "Earn" in the top menu.
From the dropdown, select "Launchpool" or directly search for "Launchpool" in the app or website.
3. Check Available Pools
On the Launchpool page, youāll see a list of ongoing and upcoming staking projects.
Each pool will show the staking options (e.g., BNB, USDT, TUSD) and the rewards you can earn.
4. Choose a Pool to Stake
Select the coin you want to stake, such as BNB or other supported assets.
Click on the desired pool.
5. Stake Your Tokens
Enter the amount of tokens you want to stake. Ensure you have sufficient balance in your Spot Wallet.
Confirm the transaction by clicking Stake.
6. Earn Rewards
Once staked, youāll start earning rewards daily. The rewards are distributed automatically to your Spot Wallet or can be viewed in the Launchpool section.
7. Unstake Anytime
You can unstake your tokens anytime during the staking period without penalties.
Rewards earned so far will still be yours.
Key Points to Note:
Supported Coins: Each Launchpool project may support different staking tokens (e.g., BNB, BUSD, or others).
APR and Duration: The Annual Percentage Rate (APR) and staking duration vary for each project.
Flexible Staking: Launchpool staking is generally flexible, meaning you can unstake anytime without locking periods.
This method allows you to earn rewards while retaining control of your funds.