What is Binance Launchpad!
A launchpad is where crypto investors basically participate in an initial exchange offering (IEO). An IEO is a crypto fundraising model where the project receives the backing of an exchange. The platform which in this case is Binance that helps investors discover promising crypto projects before they enter the mainstream. This means that investors can use crypto launchpads to keep their eyes on high potential projects in their very starting.
This means that Binance Launchpad is a token launch platform that assists blockchain startups in raising funds for new projects. Binance also provides knowledge and support so that the team can broaden its reach of investors.
What is Binance Launchpool?
Binance Launchpool is a platform that allows users to stake their crypto tokens and earn new ones, all for free. This approach is ideal for investors interested in generating passive income.
This means that you get free new tokens for staking your asset. The model for binance lauchpool differs with each project but mostly lauchpool product is open for BNB and BUSD holders.
The amount of tokens accumulated on a daily basis varies by the amount staked and the total number of tokens committed to the pool. In the launchpool, tokens are calculated on an hourly basis throughout the activity period. Users are able to earn new tokens over a specified period.
A List of Binance Launchpad & Launchpool Projects can be seen on Coinmarketcap:
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