Key Takeaways
Binance Launchpool has transformed the traditional crowdfunding model by offering a secure and efficient way for blockchain projects to raise funds and distribute tokens.
Users can lock their existing cryptocurrency holdings, such as BNB or stablecoins, to receive new project tokens through airdrops.
The process is flexible, allowing users to unlock their funds at any time and receive rewards proportionally to their subscription amount and the farming period.
Binance Launchpool not only benefits users but also provides extensive support to featured projects. This includes advisory services, community engagement, marketing reach, and access to world-class market liquidity.
Introduction
The Binance Launchpool platform was designed to encourage innovation by providing support to aspiring and existing blockchain and Web3 projects. In this guide, we will cover what Binance Launchpool is, its benefits, and how you can get involved as a user or project team.
Binance Launchpool: Pioneering Crypto Crowdfunding
Before Binance’s token launch platform, it was common for blockchain projects to raise funds and launch their tokens via independent crowdfunding events. However, the old-school crowdfunding approach was often marked with technical failures, fraud, and a serious lack of user protection.
Binance Launchpool was created to revolutionize the concept of crypto crowdfunding, benefiting both blockchain projects and their supporters. Since its inception, projects have been able to raise funds and receive support from users in a safe and convenient way.
What Is Binance Launchpool?
Binance Launchpool enables crypto holders to lock their assets to receive new tokens. It 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 receiving new tokens is very simple: you lock tokens with Binance and get rewarded with airdrops. The rewards are proportional to your subscription amount and the Launchpool period.
Binance Launchpool offers flexibility in token airdrops, allowing users to receive rewards at any time and 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
Receive airdrops for 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 Launchpool
1. Log in to your Binance account and find [Launchpool] under the [More] menu at the top.
2. Next, you will see Binance’s Token Launch Platform page. The first section will show upcoming or active token sales (if any).
3. On the [HODLer Airdrops] tab, you can see the projects that were launched through the Binance HODLer Airdrop program.
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 USDC or FDUSD.
1. To participate, head to the Binance Launchpool page and find a project you want to support that is currently open for farming.
2. In this example, there are three farming pools: one for USDC, one for FDUSD, and one for BNB. Click one of the pools to find more details about the project and the launch.
3. If you have multiple tokens, you can allocate your funds into different pools by navigating the different pool tabs.
4. To start farming, select the pool and click [Lock].
5. Next, input the amount of tokens and click [Lock] to confirm.
6. Your locked funds will be shown on the pool page, along with the estimate of your rewards. The airdrops accumulate every hour, so you may need to wait for some time before receiving the first rewards.
The total rewards, farming period, supported tokens, and APY estimate will vary from project to project. After locking your assets, you will start receiving the project tokens.
When the farming period is over, your locked assets and all airdrop rewards will be sent automatically to your Binance Spot account.
How to Apply as a Project Team
If you would like to launch your crypto project on Binance Launchpool, head to the Launchpool page and scroll down to find the [Apply to Launch] button. This will take you to the Binance Listing Application Form, which contains all the information you need to get started.
Closing Thoughts
Binance Launchpool offers Binance users access to new projects, exclusive token launches, and opportunities to receive rewards. It revolutionized the way blockchain projects raise funds and distribute tokens, providing a secure and user-friendly platform for both project teams and crypto enthusiasts.
Further Reading
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