Key Takeaways

Binance Launchpad and Launchpool offer users diverse opportunities in the crypto space, from early access to innovative projects to earning rewards.

The Binance token launch platform provides a secure environment for both projects and users interested in joining crypto crowdfunding events.

The platform’s holistic support includes initial token issuance as well as guidance from Binance’s listing and investment teams.

Introduction

Binance Launchpad and Binance Launchpool are both part of Binance’s token launch platform. These platforms are designed to foster innovation by providing support to aspiring and existing blockchain projects.

Binance is constantly looking for strong crypto teams with a unique and innovative vision. Its token launch platform offers a full range of offerings, from advisory services during token issuance and launch to post-listing and post-launch marketing.

In this guide, we will cover what Binance Launchpad and Launchpool are, their differences, potential benefits, and how you can get involved as a user or project team.

Binance Launchpad: Pioneering Crypto Crowdfunding

Before Binance Launchpad, it was common for blockchain projects to raise funds and launch their tokens via independent crowdfunding events, known as Initial Coin Offerings (ICOs). However, this old school crowdfunding approach was often marked with technical failures, fraud, and a serious lack of user protection.

In 2019, Binance Launchpad was created, pioneering the concept of Initial Exchange Offering (IEO). The introduction of IEOs on Binance Launchpad caused an important paradigm shift in the crypto crowdfunding space, benefiting both blockchain projects and their supporters. Since then, projects have been able to raise funds, and users can support these projects in a safer and more convenient way.

The Differences Between Binance Launchpad and Binance Launchpool

Binance Launchpad and Binance Launchpool have similar goals and are part of the same Binance token launch platform. However, there are important differences between the two.

Binance Launchpad was created in 2019 to introduce a new method for crypto crowdfunding. Binance Launchpool was introduced in 2020, allowing users to lock their assets to get new assets in return.

What Is Binance Launchpad?

As we’ve learned, Binance Launchpad is the pioneering platform for Initial Exchange Offerings (IEOs). Launchpad allows users to purchase new tokens as part of an IEO. It has revolutionized crypto crowdfunding by providing a secure and efficient means for transformative blockchain projects to raise capital.

Binance Launchpad prioritizes user and project protection, offering top-notch security during token sales and eliminating the need for projects to create their fundraising platforms, reducing susceptibility to attacks. It facilitates growth for deserving projects by providing exposure to millions of global users, ensuring world-class liquidity and multiple trading pairs post-launch.

In addition, the platform's holistic support includes initial token issuance as well as guidance from Binance's listing and investment teams, which carefully evaluate Launchpad applications. With Launchpad, crypto projects benefit from token launches within a trusted platform, leveraging Binance's status as the world's leading exchange to access a vast community of crypto holders and investors.

Binance Launchpad benefits

Early access to innovative projects

Safe token launch environment

Global exposure

Fair token distribution

World-class market liquidity

Professional guidance and support

What Is Binance Launchpool?

Binance Launchpool enables crypto holders to lock their assets to earn new tokens. Unlike Binance Launchpad, which primarily involves token purchases, Launchpool allows users to receive new project assets by locking BNB and other supported tokens at no cost.

There are multiple benefits to participating in Binance Launchpool. First, the process of earning new tokens is very simple: you lock tokens with Binance and get rewarded with new tokens. The rewards are proportional to your subscription amount and the Launchpool period.

Binance Launchpool offers flexibility in earning tokens, allowing users to receive accrued rewards at any time and to unlock funds at their discretion. Also, the platform extends Binance's support to projects featured on Launchpool, offering advisory services, community engagement, and marketing reach. 

Binance Launchpool benefits

Earn from locking assets. No purchase is required.

Flexibility and control.

Early access to innovative projects.

Safe token launch environment.

Global exposure.

Fair token distribution.

World-class market liquidity.

Professional guidance and support.

How to Access Binance Launchpad and Launchpool

1. Log in to your Binance account and find [Launchpad & Launchpool] at the top menu.

2. Next, you will see Binance’s Token Launch Platform page. The first section will show upcoming or active token sales (if any).

3. If you scroll down further, you will see the Launchpad section.

4. You can click [View More] to see all previously launched projects and their respective data. This will take you to a separate landing page. 

You can switch from one section to another using the navigation buttons at the top.

How to Use Binance Launchpad

Binance Launchpad uses a subscription format. This means users have to commit a certain amount of BNB to the crowdfunding event (token sale). To join a Binance Launchpad token sale as an early supporter of the project, you have to hold some BNB in your Binance wallet and subscribe to the token sale during the subscription period.

Below is an example of a Launchpad token sale. The subscription period is closed, and the token sale is finished, but we can use the information as a reference. Notice that the token sale lasts a few days, from the BNB Holding Calculation Period to the Final Token Distribution.

This page also includes the project’s website, whitepaper, research report, detailed information about the sale rules, and an FAQ.

How to Use Binance Launchpool

Binance Launchpool allows users to acquire new token rewards by locking their existing cryptocurrency holdings. The locking is usually done in BNB or a stablecoin like FDUSD.

To participate, head to the Binance Launchpool page and find a project you want to support that is currently open for farming.

In this example, there are two farming pools, one for FDUSD and one for BNB. If you have both tokens, you can allocate your funds into different pools by clicking [Custom Allocation].

The total rewards, farming period, supported tokens, and APY estimate will vary from project to project. After locking your assets, you will start earning the project tokens. When the farming period is over, your locked assets and all earned rewards will be sent automatically to your Binance Spot account.

Closing Thoughts

Binance Launchpad and Launchpool are powerful tools for crypto enthusiasts, offering access to new projects, exclusive token launches, and opportunities to earn rewards. As Binance continues to innovate, users can navigate the crypto landscape confidently, leveraging these token launch platforms for growth and engagement.

Further Reading

Your Guide to Binance Spot Trading

What Is an Initial Exchange Offering (IEO)?

What Is an Initial Coin Offering (ICO)?

Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.

Key Takeaways

Passive investing in cryptocurrencies allows users to earn rewards from their idle digital assets with minimal effort.

Passive investing in platforms like Binance Earn offers benefits such as lower fees, consistent investing strategy, and less time effort.

This guide covers the basics of passive investing and how to get started earning from your crypto holdings with Binance Earn.

Introduction

When people first begin their journey into cryptocurrency trading and investing, they often start with spot trading, which is among the simplest ways of buying and selling financial assets. However, many feel uncertain about what to do with their idle digital assets, so passive investing can be a good choice – and Binance Earn is a great place to get started.

In this article, we will cover the basics of passive investing, its potential benefits and limitations. We will also go through a quick guide on how to get started earning from your crypto holdings with Binance Earn.

What Is Passive Investing?

Passive investing is a way for people to grow their money without working too hard. It means putting money into things like stocks or cryptocurrencies and letting it grow over time. You don't need to check it all the time or do lots of buying and selling. This approach has gained popularity not only in traditional markets but also in the cryptocurrency space.

With passive investing, cryptocurrency holders are able to earn a steady stream of income from their digital assets without the need for frequent trading. In the crypto space, passive income can be generated through various methods, each with its own set of risks and rewards. A few common examples include staking, yield farming, and lending and borrowing.

Advantages of Passive Investing

Lower fees: Passive investing typically involves lower fees compared to actively managed funds, as it requires less frequent trading and asset reallocation.

Consistency: Passive investing usually follows a set investment strategy, allowing investors to maintain a consistent approach over time without the need for frequent adjustments or market timing.

Time efficiency: Passive investing requires less time and effort compared to active trading, making it suitable for investors who prefer a hands-off approach to managing their portfolios.

Limitations of Passive Investing

Market risk: Passive investing doesn’t involve active management to respond to changing market conditions, potentially leaving investors susceptible to market downturns or prolonged periods of underperformance.

Limited flexibility: Depending on the strategy or product chosen, investors may not have the flexibility to quickly access their funds.

Market concentration: Some passive investment vehicles may be heavily concentrated in a few large-cap assets or sectors, increasing vulnerability to risks or market downturns impacting those sectors.

What Is Binance Earn?

Binance Earn is a great place for users to receive passive income from their crypto holdings. It offers a diverse range of products to meet the needs of different investors, from beginners to experienced users.

Binance Earn provides users with access to flexible savings, locked savings, and a few other products – each offering unique features and benefits. Flexible savings allow users to deposit and withdraw their funds at any time, while locked savings offer higher interest rates in exchange for locking up funds for a specified period.

How to Get Started With Binance Earn?

1. Log in to your Binance account and find [Earn] at the top menu.

2. You will be redirected to the Binance Earn interface. Here you can see the available products, such as Simple Earn, High Yield and Auto-Invest.

On the right side, you will find a summary of your holdings and an estimate of your returns in the last 30 days.

3. Scroll down to find a list of available products. Here you can see the different assets followed by estimated APR and duration. You can also use the search function or filters to look for specific assets.

4. To start earning from your holdings, you have to choose a product offering and subscribe to it. Add the amount of funds you want to use, check the summary and click Confirm when ready.

You can check the Product Rules tab at the top for more details on each offer.

5. The Flexible options allow you to redeem your funds anytime. The Fixed ones will require you to lock your funds for a certain period. Below is an example of a Fixed term product, with different lock-up periods.

Closing Thoughts

Passive investing in cryptocurrencies can offer great opportunities for individuals to grow their holdings over time with minimal effort. Binance Earn provides users with access to a variety of products designed to maximize passive earnings while minimizing risk.

Further Reading

Your Guide to Binance Launchpad and Launchpool

Your Guide to Binance Spot Trading

An Introduction to BNB Smart Chain (BSC)

Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.

TL;DR

The Binance Web3 Wallet is an innovative wallet for digital assets that combines convenience, security, and utility.

The wallet offers enhanced security through Multi-Party Computation (MPC) technology and a seamless user experience with access to Binance Bridge and other service providers, facilitating token swaps across different blockchain networks.

Users can explore the world of decentralized finance (DeFi) and decentralized applications (DApps) while also counting on dedicated 24/7 customer support.

What Is Binance Web3 Wallet?

The Binance Web3 Wallet, an integral part of the Binance app, is a user-focused cryptocurrency wallet that empowers users in the realm of decentralized finance (DeFi). 

With the Binance Web3 Wallet, users can easily access the world of blockchain and decentralized applications (DApps). The wallet provides a safe and efficient way for users to manage their digital assets, perform token swaps across different blockchain networks, earn yields, and much more.

How Does It Work?

Binance Web3 Wallet uses Multi-Party Computation (MPC) technology, which is an enhanced cryptographic security system that eliminates the need to store your private keys in a single location. The wallet uses MPC to create three “key-shares”, which are stored separately in your Web3 Wallet, cloud storage, and your device. The key-shares are also protected by your recovery password, which is solely known to you.

Key Features of the Binance Web3 Wallet

Easy to use

You can create a Binance Web3 Wallet in just a few seconds through the Binance app. Unlike other crypto wallets, with the Binance Web3 Wallet setup you don’t have to worry about seed phrases or private keys, making it much easier to use.

Convenience

Seamlessly connected to Binance Bridge and other service providers, the Binance Web3 Wallet facilitates easy token swaps across different blockchain networks while also ensuring the best rates and prices. Users can also explore DApps and generate yield with just a few clicks.

Security

The Binance Web3 Wallet offers important security features, including wrong address protection, and identification of potentially malicious smart contracts. When making transactions, the wallet will notify users when a token or blockchain carries a potential security risk. In addition, every transaction is controlled by Multi-Party Computation (MPC) technology, reducing the risk of single points of failure and ensuring the safety of your assets.

Self-custody

Encrypted by three “key-shares” and a recovery password exclusively known to the user, the Web3 Wallet allows complete autonomy over your assets.

Customer Support

Users can count on a 24/7 customer support service to ensure a safe and smooth experience.

How to Use the Binance Web3 Wallet

1. Log in to your Binance account in the Binance app and go to [Wallets].

2. Next, tap [Web3] and [Create Wallet] to get started.

3. Note that before you can start using the Binance Web3 Wallet, you will have to back it up and set a recovery password.

How to Backup Your Binance Web3 Wallet

1. On the Web3 Wallet initial page, tap [Back Up Now].

2. Connect the Binance App to your cloud storage account (iCloud or Google Drive).

3. Set a backup password and keep it safe. Binance cannot access or reset this password, so make sure you don’t lose it.

4. Back up your key on your cloud storage.

5. Done. Your wallet is ready to use. 

You can easily transfer funds directly from your Binance Spot and Funding Wallet to your Binance Web3 Wallet.

Further Reading

What Is Web3 and Why Does It Matter?

How to Send and Receive Tokens on Binance Web3 Wallet

Disclaimer: The Binance Web3 Wallet is an optional product. It is your responsibility to determine if this product is suitable for you. Binance is not responsible for your access or use of third-party applications (including functionality embedded within the Binance Web3 Wallet) and shall have no liability whatsoever in connection with your use of such third-party applications, including, without limitation, any transactions you dispute. Please carefully review the Binance Web3 Wallet Terms of Use and always do your own research.

Key Takeaways

Inscriptions are pieces of metadata attached to transaction outputs on the blockchain.

The Binance Inscriptions Marketplace is a place for trading and minting inscription tokens.

This guide will introduce the Binance Inscriptions Marketplace and show how you can get started using it.

Introduction

The Binance Inscriptions Marketplace is a place where users can create their own inscriptions and trade over 60,000 inscription tokens, including BRC-20 tokens, Ethereum Virtual Machine (EVM) tokens, and more.

Now, let’s see what inscriptions are, what the Binance Inscriptions Marketplace is, and how to use it for trading inscription tokens.

What Are Inscriptions?

In the cryptocurrency field, inscriptions are pieces of information added or “inscribed” onto satoshis, the smallest unit of BTC. They became popular after expanding the Bitcoin blockchain’s use cases through the Bitcoin Ordinals protocol. Essentially, inscriptions can represent different types of information on the blockchain, including text, videos, images, and more.

BRC-20 tokens are examples of inscriptions. Essentially, BRC-20 is an experimental token standard that lets users transfer fungible tokens via the Ordinals Protocol on the Bitcoin blockchain. Each token created with the BRC-20 standard is an inscription on a satoshi.

What Is the Binance Inscriptions Marketplace?

The Binance Inscriptions Marketplace is a platform within the Binance Web3 Wallet. It offers an interface for trading different inscriptions, including BRC-20 and EVM tokens. The Binance Inscriptions Marketplace provides users with a single environment for interacting with all of their inscriptions, simplifying asset handling.

Users can also mint, deploy, and transfer their inscriptions in just a few clicks using the Inscription Center. This and other features of the Binance Inscriptions Marketplace allow users to manage and interact with their inscription tokens seamlessly.

How Does the Binance Inscriptions Marketplace Work?

Essentially, the Binance Inscriptions Marketplace is a trading platform for inscriptions within the Binance App. Users can move inscription tokens between their Binance Web3 Wallet and the Binance Inscriptions Marketplace to create trading orders. The Binance Inscriptions Marketplace uses several frameworks to improve the trading experience.

The platform implements a BTC Transaction Accelerator. It’s a service that speeds up the confirmation of transactions, especially during periods of network congestion or when a user sets his fees too low. As such, the mechanism can reduce trading delays and process high-priority transactions faster.

Binance Marketplace is also integrated with UniSat. The platform leverages the UniSat API to enhance liquidity and provide a wide range of inscription tokens for trading. As of March 2024, the Binance Marketplace supports the buying, selling, and inscribing of over 60,000 BRC-20 tokens.

How to Get Started With the Binance Inscriptions Marketplace

Let’s walk through the interface of the Binance Inscriptions Marketplace. Then, we will take a look at how you can mint inscriptions and follow up with an example of how to purchase an inscription token.

How to access the Binance Inscriptions Marketplace

1. Log in to your Binance account and find [More] → [Web3 Wallet].

2. Next, locate the [Inscriptions Marketplace] banner in your Binance Web3 Wallet and click on it.

4. It will redirect you to the Binance Inscriptions Marketplace.

5. You will see the list of inscription tokens available for trading. You can use the search bar to find specific inscriptions.

6. You can access the guide on how to manage inscriptions with the button in the upper right corner.

7. You can also view your order history with the other button in the upper right corner.

8. The Inscription Center is where you can mint, deploy, and transfer inscriptions.

How to mint inscriptions

1. The first step is to open the Inscription Center from the main Binance Inscriptions Marketplace interface.

2. Then, select the network and enter the 4-character ticker of the inscription you want to mint. Specify the mint amount and number of repetitions.

3. Check the entered data again and press [Confirm] to mint an inscription.

How to buy inscriptions

1. Start by picking the inscription token. In this example, we will be working with piin.

2. Next, choose the inscription that you want to buy. Press [Buy] to confirm your choice.

3. Check the order details carefully and finish by pressing [Confirm].

 

Closing Thoughts

The Binance Inscriptions Marketplace is a platform enabling the creation and trading of various inscriptions, including BRC-20 and EVM tokens. The marketplace empowers users to explore the full potential of inscriptions with its user-friendly interface, comprehensive features, and frameworks like the BTC Transaction Accelerator and UniSat.

Further Reading

Your Guide to Binance Launchpad and Launchpool

A Step-By-Step Guide on How to Create Your Own Ordinal Inscriptions

Ethereum Virtual Machine (EVM)

Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.