HOW TO FARM FREE CRYPTO ON BINANCE? EASY LAUNCHPOOL GUIDE
Binance is excited to announce theย 48thย project on Binance Launchpool - AEVO (AEVO) a decentralized derivatives exchange platform.ย The webpage is estimated to be available in 24 hours, before the Launchpool starts.
What is Binance Launchpool?
Binance Launchpool isย a platform where users who participated, may receive newly minted tokens without paying any fees when they stake their BNB or chosen digital currencies. Depending on the amount of tokens you contribute to the pool, the quantity of tokens earned by you will vary.
Most pools haveย a lifespan of approximately 30 days. Tokens can be collected whenever desired after being calculated every hour. After 7 days, farmers gain an advantage by having their tokens listed on Binance.
By farming (earning)ย rewards through staking BNB/BUSD/other tokens, remember that users are allowed in Launchpool. At its core, this approach offers access to freshly issued currency without an upfront investment. Now, here is how it works
How to access Launchpool?
1. Log in to your ๐๐ข๐ง๐๐ง๐๐ ๐๐๐๐จ๐ฎ๐ง๐ญ and click the ๐๐จ๐ซ๐ ๐๐ฎ๐ญ๐ญ๐จ๐ง-ย [Launchpad & Launchpools].
(WEBSITE)
(APP)
Log in to your ๐๐ข๐ง๐๐ง๐๐ ๐๐๐๐จ๐ฎ๐ง๐ญ, Go to ๐๐๐๐๐๐๐๐ section and Click the ๐ญ๐ซ๐๐๐ ๐๐ฎ๐ญ๐ญ๐จ๐ง -ย [Launchpad].
Then, scroll down to findย [Launchpool]ย and the list of available and completed projects. (WEBSITE)
(APP)
How to participate in a new project?
๐๐๐ฅ๐๐๐ญ ๐ญ๐ก๐ ๐๐ซ๐จ๐ฃ๐๐๐ญ you want to stake your funds in, click the ๐๐ญ๐๐ค๐ ๐๐ฎ๐ญ๐ญ๐จ๐ง and ๐๐ง๐ญ๐๐ซ ๐ญ๐ก๐ ๐๐ฆ๐จ๐ฎ๐ง๐ญ you want to stake.
Letโs take Non-Fungible Prompts (NFP) as an ๐๐ฑ๐๐ฆ๐ฉ๐ฅ๐. On the Launchpool page, you can see the available staking options for farming NFP. For example,ย [BNB POOL]ย means that you can stake BNB to farm NFP. Clickย [Stake Now]ย to participate.
Here you can see the project reward information and the estimated annual percentage yield (APY).
[My Funds]ย shows your staked assets.ย [Available]ย shows the available balance for staking in your Spot Wallet. If you do not hold any BNB, you can clickย [Buy BNB].
You can then clickย [Stake]ย to stake BNB to farm FLM. Your assets can be redeemed any time by clickingย [Redeem]. To view your staking records, clickย [Staking History].
[My Rewards]ย shows your unclaimed earned rewards, which are updated every hour. You can clickย [Claim Rewards]ย to claim the earned tokens to your Spot Wallet any time you wish. To view the claimed rewards or distribution history, clickย [Claim History].
Requirement For Participation:
Have a KYC-verified Binance accountCommit at least 0.1 BNB or any other token supported in the poolNo maximum capNo maximum capย per user and the amount of tokens users can collect on a daily basis is proportional to the amount of tokens they have subscribed to the pool when compared to the amount of tokens subscribed to the pool by all participants. ๐
๐๐'๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐๐
Who can participateย in Launchpool?
Anyone with a Binance.com account!
What do Iย need to participate in Launchpool?
All you needย is more than 0.1 (for example 0.1 BNB) of any token supported in a pool.
Which pools areย supported?
The supported pools for each project will vary, but as a rule of thumb you can find the list on the projectโs Launchpad page
Are there anyย limits?
There are noย upper limits, meaning you can stake as many tokens as you like. The minimum you can stake for each token is 0.1 (for example 0.1 BNB).
What if Iโveย already subscribed my tokens to flexible savings?
If youโve alreadyย subscribed to flexible savings prior to the activity period beginning then you will need to make an additional subscription of 0.1 or more of the coin you subscribed for your funds to qualify to earn Launchpool rewards.
When do Iย get the tokens Iโve farmed?
Every day, between 00:00ย AM and 1:00 AM (UTC), any tokens youโve earned will be distributed to your spot wallet.
How do Iย see the Annual Percentage Yield (APY) of each pool?
The APY ofย each pool will be visible once trading opens for the token that is being earned.
We took ARPAย as an example, you can farm BEL with ARPA, BUSD, or BNB.
Can I tradeย the tokens Iโve farmed immediately?
Tokens you earnย in the first seven days canโt be traded until the project has been listed on Binance.com. Once trading is live and from the 8th day onwards, you will be able to trade any tokens you earn as soon as you get them.
Has Launchpool replacedย Launchpad?
No, not atย all. Launchpool is a new initiative to help you safely farm new coins from existing assets. In fact, there may even be times when both run concurrently.
How can Iย see my daily average BNB holdings?
You will be able to view your average BNB holdings on the projectโs dedicatedย Launchpad pageย after the staking calculation period starts.
Will the BNBย Iโve used to subscribe to Launchpool be still counted for Launchpad and any other airdrops etc?
Yes, you willย still qualify for airdrops, Launchpad eligibility, and VIP benefits, etc.
Are the tokensย Iโve subscribed to Launchpool locked for 30 days?
No, not atย all, you can withdraw (all or some) whenever you like. You can also add to your staked amount at any time.
Where can Iย learn more about the projects on Launchpool?
Binance Researchย will be publishing reports on each project hosted on Launchpool.
๐๐ญ๐๐ค๐ ๐ฒ๐จ๐ฎ๐ซ ๐ข๐๐ฅ๐ ๐๐ฌ๐ฌ๐๐ญ๐ฌ ๐ญ๐จ๐๐๐ฒ ๐ญ๐จ ๐๐๐ซ๐ฆ ๐ง๐๐ฐ ๐ญ๐จ๐ค๐๐ง๐ฌ!
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