In Binance, **Launchpad** and **Launchpool** are two ways to participate in the launch of new blockchain projects, with the opportunity to obtain tokens before they are listed on the market. Here I explain how they work and how to participate in each one:
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## 🚀 **1. Binance Launchpad** (Initial Exchange Offerings - IEO)
It is a platform where Binance helps new projects to conduct token sales (**IEOs**). Users can buy new tokens using **BNB, FDUSD, or other cryptos** before they are listed on the market.
🚀**How to participate in Binance Launchpad?**
1. **Prerequisites**:
- Have a verified account on Binance (KYC completed).
- Have **BNB or FDUSD** in your Spot account (not in trading or staking).
2. **Subscription Phase (Snapshot)**:
- Binance takes "snapshots" of your BNB/FDUSD balance over a period (usually several days).
- The more BNB/FDUSD you have, the greater your token allocation will be.
3. **Token Purchase**:
- Once the subscription phase is completed, Binance calculates your allocation.
- Tokens are distributed proportionally and credited to your account.
4. **Listing on Binance**:
- The project is listed on Binance and you can sell or hold the tokens.
✅ **Advantages**:
- Opportunity to obtain new tokens at a low price.
- Projects selected by Binance (lower risk than IDOs on other platforms)
## 🌊 **2. Binance Launchpool** (Farming new tokens)
It is a system where you can do **staking/farming** of certain cryptos (like BNB, FDUSD, or others) to earn tokens from new projects **for free**.
💥**How to participate in Binance Launchpool?**
1. **Go to the "Launchpad & Launchpool" section** on Binance.
2. **Choose the active project** in Launchpool.
3. **Select a pool** (e.g., staking BNB, FDUSD, etc.).
4. **Deposit your cryptos** in the pool (you can withdraw them at any time).
5. **You start earning new tokens** in real time (rewards are calculated hourly).