Key Takeaways
Binance Launchpool lets you earn new project tokens by locking your existing crypto, such as BNB or stablecoins, at no additional cost beyond the tokens you lock.
Rewards are proportional to how much you lock and for how long. You can unlock your funds at any time and keep the rewards you have already earned.
HODLer Airdrops are a separate program where holding BNB on Binance at a snapshot date qualifies you to receive new project tokens automatically, without any locking action required.
Binance Launchpad is the broader token launch platform, offering structured fundraising events such as token sales alongside the Launchpool farming mechanism.
Introduction
Binance Launchpool is a platform that allows crypto holders to earn new project tokens by locking their existing assets. You lock BNB or a supported stablecoin, and in return, you receive crypto airdrop rewards from the new project. You don't spend your locked tokens; you simply put them to work temporarily.
This guide explains how Binance Launchpool works, how it relates to Binance Launchpad, and the steps to start participating.
Background: How Token Launches Worked Before
Before dedicated token launch platforms existed, blockchain projects typically raised funds through Initial Coin Offering (ICO) events. These were largely unregulated and often suffered from technical failures, fraudulent projects, and limited investor protection.
Binance Launchpad was created to address these problems. It provides a structured, more secure environment for token launches, with Binance handling due diligence, technical infrastructure, and distribution logistics on behalf of featured projects.
What Is Binance Launchpad?
Binance Launchpad is the token launch platform hosted by Binance. It is similar in concept to an Initial Exchange Offering (IEO) and provides blockchain projects with a vetted distribution channel for their tokens. Projects that launch on Launchpad benefit from Binance's audience, market infrastructure, and advisory resources.
Binance Launchpool is one of the mechanisms available on the platform. It focuses on farming: users lock assets to receive new tokens over a set period. Other mechanisms, such as direct token sales, may also be available depending on the project.
What Is Binance Launchpool?
Binance Launchpool lets you earn new project tokens by locking BNB or other supported cryptocurrencies. The tokens you lock remain in your possession; you are not spending them. When the farming period ends, your locked assets and all accumulated rewards are returned to your Binance Spot account automatically.
The farming period, supported tokens, total reward pool, and estimated annual percentage yield (APY) vary from project to project. Rewards accumulate every hour, so you may not see your first distribution immediately after locking.
How Binance Launchpool Works
Farming pools
Each Launchpool project typically offers two or three separate pools. Commonly supported assets include BNB, USDC, and FDUSD. You can split your holdings across multiple pools if you hold different assets. Each pool has its own APY estimate and may have different reward allocations.
To start farming, navigate to the Launchpool page on Binance, select an active project, choose a pool, and lock your tokens. You can unlock them at any time before the farming period ends and keep whatever rewards you have accrued up to that point.
HODLer Airdrops
HODLer Airdrops are a separate mechanism visible on the Launchpool page. Instead of actively locking tokens, you simply need to hold BNB in your Binance account at the time of a designated snapshot. If you meet the eligibility criteria at the snapshot date, you receive the new project tokens automatically.
This program rewards longer-term BNB holders without requiring any action during the farming window. Check the HODLer Airdrops tab on the Launchpool page for current and upcoming eligibility windows.
Benefits of Binance Launchpool
For users, Launchpool is a way to potentially earn new tokens as a form of passive income on existing crypto holdings. You retain ownership of the assets you lock, and you can exit at any time. Early access to new project tokens may offer exposure to projects before they are widely available on secondary markets, though this comes with its own risks.
For projects, Launchpool provides a community-driven token distribution model backed by Binance's user base. Featured projects also receive advisory services, marketing support, and access to Binance's liquidity infrastructure.
How to Use Binance Launchpool
Follow these steps to start farming on Binance Launchpool:
Log in to your Binance account and navigate to the Launchpool page. You can find it under the [More] tab on the Binance homepage dashboard.
Review any active or upcoming projects. Each listing shows the farming period, supported tokens, reward pool size, and estimated APY.
Select a project and choose which pool you want to join. If you hold multiple supported assets, you can participate in more than one pool.
Enter the amount you want to lock and confirm. Your locked amount and accumulated rewards will be visible on the pool page.
When the farming period ends, your locked assets and all earned tokens are sent automatically to your Binance Spot account. You can also unlock early if needed.
How to Apply as a Project Team
If you are working on a blockchain project and want to launch on Binance Launchpad or Launchpool, go to the Launchpool page and look for the "Apply to Launch" button. This leads to the Binance Listing Application Form, which contains the information needed to begin the review process.
Acceptance is subject to Binance's due diligence and listing criteria. Not all projects that apply will be accepted.
FAQ
What is the difference between Binance Launchpad and Binance Launchpool?
Binance Launchpad is the overarching token launch platform. Binance Launchpool is a specific mechanism within it where users lock assets to farm new tokens. Launchpad may also include direct token sale events, depending on the project.
Do I lose my tokens when I participate in Launchpool?
No. The tokens you lock remain in your ownership. You are not spending or transferring them. When the farming period ends, or if you unlock early, all locked assets are returned to your Binance Spot account along with any accumulated rewards.
What tokens can I use to farm on Binance Launchpool?
The supported tokens vary by project. Common options include BNB, USDC, and FDUSD. Each project's Launchpool page shows which assets are accepted for that specific launch.
What are HODLer Airdrops on Binance Launchpool?
HODLer Airdrops reward BNB holders who hold their BNB in a Binance account at a designated snapshot time. Unlike the farming pools, no locking action is required. If you meet the eligibility conditions at the snapshot date, new project tokens are distributed to you automatically.
How are Launchpool rewards calculated?
Rewards are proportional to your share of the total assets locked in a given pool. If the pool contains 1,000,000 BNB and you lock 1,000 BNB, your share is 0.1% of the total rewards for that pool. The total reward pool size and farming duration are fixed when the project launches.
Closing Thoughts
Binance Launchpool offers a way to put existing crypto holdings to work by participating in new project launches. The mechanism is straightforward: lock assets, earn tokens, and exit when you choose. HODLer Airdrops extend this further for passive BNB holders. For a broader look at earning opportunities on Binance, Binance Earn provides an overview of the full range of available products.
Further Reading
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