#Concise make money on Binance

4. Binance Launchpool and Launchpad

What It Is: Earn new tokens by staking BNB or other cryptocurrencies (Launchpool) or investing in new projects before they list (Launchpad).

How to Do It:

For Launchpool, stake BNB or supported coins in the “Launchpool” section to earn new tokens.

For Launchpad, hold BNB to participate in Initial Exchange Offerings (IEOs) and buy tokens at presale prices.

Earnings Potential: High returns possible if new tokens appreciate, but volatility is significant.

Tips:

Research projects thoroughly to avoid scams or poor-performing tokens.

Start with small stakes to test the waters.

Risks:

New projects are speculative and can lose value quickly.