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Author: Admin | 2025-04-28
07/11/2023 In this guide, you’ll understand what a Launchpool is and learn how to invest in launchpools, and earn excellent rewards from the most promising crypto projects. Table of Contents What Is a Crypto Launchpool? Who Can Join a Crypto Launchpool? Staking Period Can users unstake their assets anytime? Earnings Calculation Steps to Earn with Launchpool Step 1. Set up an account with Binance Step 2. Click the navigation button “Launchpad” Step 3. Scroll down to “Launchpool” for available and completed projects Step 4. Stake the minimum crypto amount for this launchpool Step 5. Claim your rewards anytime or when the launchpool period ends Launchpool KYC Launchpad vs Launchpool Launchpool Pros and Cons Pros: Cons: Frequently Asked Questions Can a user trade tokens they have earned? Is there a limit to the amount I can stake? Can I participate in both a launchpool and a launchpad for a particular crypto project? Can you earn money from Binance Launchpool? Before new crypto projects go public, one of the most significant requirements is the issue of fundraising to kick-start their activities. Initially, the only method for fundraising was ICOs or Initial Coin Offerings, which started as far back as 2013. ICOs offered fundraising efficiency for startups, were very accessible to investors, and provided high potential interest within a short investment period.However, they weren’t without their loopholes. For instance, token prices were highly volatile, and investors were very impatient. They could withdraw their funds at will, and participants were very prone to malicious occurrences such as rug pulls and a high risk of collapse of ICO projects. As a result, alternative fundraising platforms were invented, such as Launchpads and Launchpools. Although they are both funding methods, they work differently. In this guide, we’ll answer the question of “What is launchpool?” and enumerate launchpad and launchpool key differences.Source and Copyright © Binance (here and later in this article)What Is a Crypto Launchpool?A crypto launchpool is one of the methods of raising funds for early-stage crypto projects by allowing investors to deposit their funds in a liquidity pool. In return for their crypto investments, participants will get interest on their deposits. Such an investment arrangement is called Yield Farming and is based on an already determined APY (Annual Percentage Yield) system.To understand Launchpools better, think about bank savings accounts that yield a certain percentage of interest on your funds over a given period. However, they generally yield higher interests than what’s obtainable with banks. And users’ token earnings depend on the percentage of their investment or stake in the whole pool.Project launchpools are run by centralized exchanges where they list only properly scrutinized and highly promising crypto projects. That way, they clamp down on crypto scams, rug pulls, and all kinds of fraud that usually beset young projects. They also provide an efficient and trustworthy fundraising mechanism.Who Can Join a Crypto Launchpool?You can join a launchpool if you have an account with the exchange hosting it and have completed their KYC (Know Your Customer) process.
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