How to get started with Binance Launchpool

What is Binance Launchpool?

Binance Launchpool allows users to lock their crypto assets to get token airdrops. Users can lock BNB, FDUSD, and other tokens, to get new or existing tokens at no extra cost.

How to access Launchpool?

1. Log in to your Binance account and go to [More] - [Launchpool].

2. Scroll down to [Launchpool]. You’ll see a list of the available and completed projects.

How to participate in a new Launchpool project?

Let’s take IO as an example. 

On the project page, you can see the project airdrop information, locking period, and the available options to lock your token. For example, [BNB Pool] means that you can lock BNB to get IO tokens. 

Under [My Funds]:

• You can view your locked assets and the available balance in your Spot Account. If you don’t have enough tokens to lock, you can click [Buy] to get more.
• To participate in the launchpool, click [Lock].
• To redeem your assets, click [Unlock]. You can redeem your assets any time.

Under [My Airdrops]: 

• You can view your unclaimed airdrop tokens. The number is updated every hour.
• Click [Collect Airdrops] to claim the airdrop tokens to your Spot Account anytime you wish. All unclaimed tokens, along with the locked tokens in Launchpool, will be automatically transferred to your Spot Account within 90 minutes after the locking period ends.
• To view your locking and token-claiming records, click [Launchpool History].

Frequently Asked Questions

1. What is Launchpool and how does Launchpool work?

Binance Launchpool allows users to lock their crypto assets to get new or existing tokens. Users can lock BNB, FDUSD, and other tokens, to get new or existing tokens at no extra cost.

2. Who can participate in Binance Launchpool?

Users who have completed identity verification for their Binance accounts and who are residing in an eligible jurisdiction can participate in Binance Launchpool.

3. How to participate in Launchpool?

You can lock your BNB, FDUSD, or other tokens available for locking as stated on the Launchpool page during the locked period. If you’re eligible to participate, the airdrop tokens will be credited to your Spot Account after the locking period ends. You may also claim the accrued airdrop tokens anytime you wish. 

If you’ve locked your BNB in BNB Flexible Products, Simple Earn Locked Products, On Chain Yield and DeFi BNB, it will automatically be counted as part of your BNB balance for Launchpool and you’ll be able to receive token airdrops. However, please note that BNB Flexible Products collateralizing against Binance Loans (Flexible Rate) are not entitled to Launchpool airdrops.

4. What is the minimum amount of token for locking in a Launchpool?

You need to lock a minimum of 0.01 token to participate in a Launchpool. This applies to all tokens available for locking.

5. Are the airdrops different for different pools?

Yes, the airdrop tokens allocated to each pool are different. Each pool has a different amount of airdrop tokens allotted.

6. When will the Launchpool token be listed on Binance?

Please refer to the listing information on the Announcement page.

7. Can sub-accounts and corporate accounts participate in Launchpool?

Yes.

8. How are Launchpool tokens calculated?

Your airdrop tokens will be distributed according to the amount of airdrop tokens allotted to your rewards pool.

Airdrop tokens are accrued every hour.

9. When can I claim my airdrop tokens?

Airdrop tokens are accumulated hourly. You can claim them to your Spot Account anytime you wish. 

10. What happens to my accrued airdrop tokens if I don't claim them?

All unclaimed airdrop tokens, along with the locked tokens in Launchpool, will be automatically transferred to your Spot Account within 90 minutes after the locking period ends.

11. I have locked FDUSD or BNB, but why am I not receiving any reward distribution?

If the hourly reward distribution is less than 0.01, you may not receive a reward.