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$ETHFI and $AEVO have recently been completed as Binance Launchpool projects , wanting know how to participate in the upcoming #Binance Launchpool? This post is for you .
Binance Launchpool is a platform where users participate in farming a new project and receive newly minted tokens without paying any fees when they stake their BNB or chosen digital currencies. Depending on the amount of tokens you contribute to the pool, the quantity of tokens earned by you will vary.
It is a way for users to participate in the early stages of a new project in Binance and earn rewards.
As a platform for farming tokens the launchpool allows you to deposit your tokens into a pool of funds and farm (or earn) new ones at no cost. The amount of tokens earned per day depends on the number of tokens staked against the total number of tokens available in the pool itself.
HOW TO PARTICIPATE IN BINANCE LAUNCHPOOL
On your Binance App Homapage, click on the "More" icon to go to "Services" Where you will find "Launchpad" under "Earn Services". Alternatively, you can search "Launchpool" on your Binance App and navigate to "Functions" tab and you find "Launchpad" then locate Launchpool in the taskbar.
✓ Then look for any available ongoing Launchpool project, tap on deposit to stake your desired amount of BNB or FDUSD
✓ You can go to the farming page everyday to claim your daily new tokens or wait for the final day to claim the accumulated new tokens all for free.
Remember: Your staked token will be unstaked and returned to your Binance wallet at the end of the farming duration. And the higher your staked amount, the higher the quantity of the new tokens to be minted.
You can also participate in Launchpool using desktop.
Note that Binance Launchpool duration varies from 4days up to 10days.
if you have additional questions about Launchpool , use the comment section and I will gladly attend to you .
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