Every opportunity is worth taking as we approach the bull run!
In this post, I shared how to position yourself for free tokens through Binance Launchpad and Launchpool.
It’s not new that investing in launchpad tokens presents awesome opportunities during the bull run as these tokens can rally significantly, delivering over 100x to investors.
Binance Launchpad and Launchpool are native products that help projects raise funds and awareness by giving early investors access to their tokens at discounts or for free, respectively.
Interestingly, tokens launched on Binance Launchpad and Launchpool have enjoyed remarkable success in the past.
Does it sound like something you’re thirsty for? Let’s dive deep for more details.
Post Summary
- Binance Launchpad Vs Launchpool – An Overview
- How To Participate In Binance Launchpad And Launchpool
- Why They Are Good Investment Options
- Conclusion
Binance Launchpad Vs Launchpool – An Overview
Binance Launchpad and Launchpool are two distinct products offered on the world’s largest exchange, Binance.
They aim to help projects raise funds and awareness for their tokens while exposing users to new promising tokens for good returns.
However, despite targeting the same aim, they operate in an entirely different way.
(A) Binance Launchpad
It’s Binance’s Initial Exchange Offering (IEO) platform introduced in 2019.
An IEO is a special token sale event hosted by a centralized exchange to help new projects raise funds by selling their tokens to investors.
Through the launchpad, Binance gives early investors discounted access to new promising tokens before they are open for trading.
In addition, investors purchase these new tokens by committing some amount of BNB.
(B) Binance Launchpool
Binance Launchpool was introduced a year later in 2020 when DeFi was getting popular in crypto.
Unlike Launchpad, it allows investors to farm new tokens by providing liquidity to a pool.
This is called Yield Farming in DeFi.
Essentially, Launchpool provides Binance users with a passive way to earn new tokens for free by staking BNB and other supported crypto assets.
In Summary!
Binance Launchpad and Launchpool help projects raise funds.
They also help investors gain early access to new tokens. However, they are not the same.
This is because Launchpad is a token sale, whereas Launchpool incentivizes participants with free tokens.
Continue to the next section to pick up where we left things!
How To Participate In Binance Launchpad And Launchpool
Let’s start with the prerequisites. Whether you want to participate in Binance Launchpad or Launchpool, you must complete these prerequisites:
- Sign up for a Binance account
- Verify it
You are ready to go if you have completed these prerequisites.
Since they are two entirely different products, participating in Binance Launchpad is different from the Launchpool.
Let’s get started with Launchpads.
How To Participate In Binance Launchpad
First and foremost, participating in Binance Launchpad requires you to have a reasonable amount of BNB in your account.
It typically takes 4 stages:
- Preparation (BNB Holding Calculation) Period
- Subscription Period
- Calculation Period
- Final Token Distribution
The first stage requires you to hold your BNB on Binance for 6 to 7 days, after which you commit it to the Launchpad all through the allocation period.
In the last stage of the Launchpad, an equivalent amount of BNB used during the token sale will be deduced from your commitment while the rest is sent to you along with the new token.
You can sell for profit on the day of listing.
Want to learn more? Here is a full post on how to participate in Binance Launchpad – Binance Launchpad: How To Invest In Newly Launched Tokens
How To Participate In Binance Launchpool
Launchpool requires users to stake any pool of the supported tokens:
- BNB
- FDUSD
- TUSD
It involves two stages of participation, the “Staking” and “ Farming” stages.
During the Staking stage, users are allowed to commit the supported tokens to their respective pools. This typically takes 1-2 days to complete.
It is then followed by the Farming stage during which the staked tokens start earning the new tokens as rewards. This usually takes 3-4 days to complete.
The amount of new tokens accumulated depends on the amount staked in proportion to how much other users have staked.
Before a Launchpool campaign is open, it’s officially announced by Binance.
To participate, click on “More” and select “Launchpad & Launchpool” if you are using the desktop.
Then, navigate to the bottom to check for available Launchpool projects.
When using the mobile app, click “More” and scroll down to open the “Launchpad” option, there, you will see the available Launchpool project.
Should this even pique your interest? Let’s see below.
Why They Are Good Investment Options
1. Early access to promising tokens at a discount
Binance Launchpad sells coins at a discount to investors before they are listed on the exchange.
This is great because these coins can increase over 10x when listed, delivering handsome profits for Launchpad users.
2. Opportunity to passively grow your portfolio
That’s what you gain for investing in the Launchpool. Isn’t that interesting?
By investing in Launchpool you are allowing your assets to do the work for you. Moreover, you earn the new tokens freely.
Let’s say I participated in Launchpool and earned $3000 worth of tokens after I sold, that would be an extra $3000 added to my portfolio on top of the initial money I staked.
Note: Whether it is Launchpad or Launchpool, your profit potential largely depends on the amount you invested, the performance of the token after listing and the time you sold.
The time of selling is important because most of these tokens skyrocket significantly immediately after listing, only to see their price gains evaporate afterwards.
Let’s conclude!
Conclusion
Over 80 projects have been launched through Binance Launchpad and 75+ via the Launchpool to date.
Interestingly, all these tokens enjoyed the awareness they needed and generated maximized returns for most participants.
Arkham, the most recent project featured on the Launchpad as of July 7th, 2023, surged 78% from its $0.05 Launchpad price to $0.89 on listing day.
This is a remarkable achievement, but it’s just one example of the Launchpad’s potential because several other projects have witnessed even greater returns.
With the Launchpool, it gets more interesting because it lets you eat your cake and have it too.
Now, it’s time you go over the comment section and share your thoughts or ask any questions you might have.
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