Launchpool allows you to stake coins like $BNB, $BUSD, or $USDT and receive rewards in new projects before they hit the market.
What is Binance Launchpool?
It is a program where you temporarily lock your cryptos in a 'pool' and in return, you receive tokens from new projects that Binance lists later.
In short:
- You deposit $BNB, $BUSD, or $USDT.
- You wait for the duration of the event (usually 30 days).
- Each day you receive tokens from the new project, completely free.
Main advantages
- You get new projects without spending more money.
- You can sell those tokens when they are listed and take advantage of the initial rise.
- Your main coins ($BNB, $BUSD, $USDT) never get lost, they just remain locked during the event.
Practical example
Imagine that Binance announces a new project called XYZ Token.
- You deposit 100 $BNB in the pool.
- The event lasts 30 days.
- The total rewards to be distributed is 10,000,000 XYZ tokens.
According to your participation, you receive a proportional part each day.
👉 Suppose you receive 500 XYZ tokens in total.
If when listing the XYZ token it is worth $0.20 on Binance:
- 500 × 0.20 = 100 USDT profit just for participating 🎉
⚠️ Risks to consider
- New projects can drop in price quickly.
- While your coins are locked, you cannot use them in other products (Earn, trading, etc.).
- Sometimes the rewards are small if there are many participants.
Launchpool is one of the safest and easiest ways to enter new projects without the need to trade.
If you already have $BNB, $BUSD, or $USDT saved, why not put them to work for you? 😉
#Binance #Launchpool #BNB #USDT
