**Binance Launchpool** is a platform that allows users to farm new cryptocurrency tokens by staking their existing crypto assets, such as BNB or stablecoins like BUSD, into specific pools. It’s part of Binance’s effort to promote new blockchain projects by giving users early access to new tokens before they are officially listed for trading. Users simply stake their tokens for a period, usually ranging from a few days to a few weeks, and earn rewards in the form of the new project’s tokens.

**Benefits of Binance Launchpool:**

1. *Early Access*: Users can get new tokens before they’re listed, often at a better value.

2. *Low Risk*: Tokens like BNB can be unstaked anytime, allowing flexibility.

3. *No Cost*: There are no extra fees for participation.

4. *Passive Rewards*: Earn new tokens just by staking idle assets.

Launchpool is a beginner-friendly way to explore new projects and earn crypto with minimal risk.