Explanation of what a launchpool is

Launch:

1. **Launch**: Refers to sending spacecraft, rockets, etc. into orbit.

2. **Rollout**: In business, refers to the official release of a new product or service.

Pool:

1. **Pool**: An artificial body of water for swimming or relaxing.

2. **Gathering**: Concentrated resources or forces, usually for a common purpose or benefit.

**Overall Explanation**:

"Launchpool" is a compound word, typically used in the cryptocurrency or blockchain space, referring to a platform or mechanism that provides funding and support for new projects or tokens. This often involves the launch of a new token and participants pooling resources to invest in and support the project.