Buy Crypto
Pay with
Markets
NFT
New
Downloads
English
USD

Everything You Need to Know About Binance Launchpool: How to Farm Tokens, Calculate APY & More

2021-03-09

So, what is Binance Launchpool? 

Launchpool lets you use your tokens to farm (earn) a new token, for free. 

The amount of tokens you earn each daily is proportional to the amount of tokens you have subscribed to the pool vs the total number of tokens subscribed to the pool. (See a more in-depth explanation here)

You can earn the new token over a set period, usually 30 days. We often open trading of the token on the 7th day of farming, at which point you can immediately trade any tokens you have earned.

The tokens you earn are calculated hourly, and you can harvest your pending rewards at any time.

Basically, you get to accumulate a brand new coin, prior to (and after) a guaranteed listing on Binance.com, for free. Not a bad deal, right?

What’s next? You’ve got your tokens and you’re ready to farm, but how do you get started? Check out the simple guides for both web and the Binance mobile apps below:

Web Version

1. Go to the Launchpool page.

2. Select the pool that you wish to stake tokens in.

3. Input the amount of tokens you’d like to stake.

4. Click “Stake”

5. Done! It's as easy as that.

App Version

1. Go to “Launchpad”.

2. Click “Stake now” on the token you want to farm.

3. Click “Stake” and input the amount of tokens you’d like to stake. 

5. Click “Confirm Purchase”.

6. Done!

Farm Launchpool Tokens Here

Is your thirst for knowledge not yet satisfied? Check out some quick-fire FAQs:

Who can participate in Launchpool?

Anyone with a Binance.com account! (If you don’t have one yet, click here!)

What do I need to participate in Launchpool?

All you need is more than 0.1 (for example 0.1 BNB) of any token supported in a pool.

Which pools are supported?

The supported pools for each project will vary, but as a rule of thumb, you can find the list on the project’s Launchpad page. 

Are there any limits?

There are no upper limits, meaning you can stake as many tokens as you like. The minimum you can stake for each token is 0.1 (for example 0.1 BNB).

When do I get the tokens I've farmed?

The tokens you earn are calculated every hour. You can harvest these rewards at any time.

How do I see the Annual Percentage Yield (APY) of each pool?

The APY of each pool will be visible once trading opens for the token that is being earned. 

We’ve made a sample model below to give you some idea of what you might be able to expect. Please bear in mind that this is highly variable based on a number of factors.

BNB Price

$23

Total BNB Locked

10,000,000

Total Value Locked

$230,000,000

 

Listing Multiple

Week 1 APY (%)

0.5x

8.93%

1x

17.85%

5x

89.27%

10x

178.53%

Can I trade the tokens I've farmed immediately?

Tokens you earn can’t be traded until the project has been listed on Binance.com. Once trading is live, you will be able to trade any tokens you earn as soon as you get them.

Has Launchpool replaced Launchpad?

No, not at all. Launchpool is a new initiative to help you safely farm new coins from existing assets. In fact, there may even be times when both run concurrently.

How can I see my daily average BNB holdings?

You will be able to view your average BNB holdings on the project’s dedicated Launchpad page after the staking calculation period starts.

Will the BNB I’ve used to subscribe to Launchpool be still counted for Launchpad and any other airdrops etc?

Yes, you will still qualify for airdrops, Launchpad eligibility, and VIP benefits, etc.

Are the tokens I’ve subscribed to Launchpool locked for 30 days?

No, not at all, you can withdraw (all or some) whenever you like. You can also add to your staked amount at any time.

Where can I learn more about the projects on Launchpool?

Binance Research will be publishing reports on each project hosted on Launchpool.

Hopefully, that will cover most questions that you have! If you have any other questions at all, please shoot us a tweet at @Binance and we will answer as many as we can!

Farm Launchpool Tokens Now!