Binance Launchpool | How to use Binance Launchpool
Binance Launchpool | How to use Binance Launchpool
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💡 Launchpool lets you use your tokens to farm (earn) a new token, for free. The number of tokens you earn each daily is proportional to the amount of tokens you have subscribed to the pool vs the total number of tokens subscribed to the pool. You can earn the new token over a set period, usually 30 days. We often open trading of the token on the 7th day of farming, at which point you can immediately trade any tokens you have earned. The tokens you earn are calculated hourly, and you can harvest your pending rewards at any time.
Binance introduces Launchpool, a new product to allow users to farm new assets, at the same time users will be able to acquire new token rewards in return for staking BNB, BUSD, and other tokens.
Check out the simple guides for both web and the Binance mobile apps below:
Web Version:
1. Go to the Launchpool page.
2. Select the pool that you wish to stake tokens in.
3. Input the amount of tokens you’d like to stake.
4. Click “Stake”
5. Done! It's as easy as that.
App Version:
1. Go to “Launchpad”.
2. Click “Stake now” on the token you want to farm.
3. Click “Stake” and input the amount of tokens you’d like to stake.
4. Click “Confirm Purchase”.
5. Done!
Binance Launchpool helps quality projects distribute their tokens to a wider audience while allowing crypto users and investors to generate attractive returns in a form of new tokens. It is a complex solution that offers advantages to both users and emerging cryptocurrency projects.
Binance always focuses on providing added value to users and communities, while helping the ecosystem grow sustainably, driving the growth of projects in DeFi protocols, and empowering the industry and markets. Launchpool creates values and liquidity in the locked funds in an innovative way, supporting redemption at any time, and bringing flexibility and freedom to investors, users, and communities.
So far, the average project on Binance Launchpool (from 2020 to 2021) provides 24% APY (annualized percentage yields) for these participants, with the highest yields recorded at 113% APY in the case of the CHZ pool for the fan token PSG. This translates to $126.96 million in additional value across all projects, assuming that each project maintains the average APY rate for a full year.
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The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.
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⏰ Time Stamp ⏰
O:00 - Introduction
0:30 - What it is?
5:00 - Conclusion