There are people who confuse Launchpad vs Launchpool, it may look the same but it should not be confused.
Binance Launchpool allows people to store their tokens in a liquidity pool, this for emerging blockchain projects, when the new launchpool starts, from day 1 users bet their tokens until the end.
The rewards are calculated daily, based on two factors these would be:
1) Amount committed in the pool (amount assigned by the person.
2) Amount of tokens assigned to the group.
In other words, these rewards are assigned by the hour, and they are divided equally, you can start in the launchpool from day 1 or any day, until after the 7 days after farming, the token is ready and you can perform exchange.
Users can withdraw their tokens at any time, when the farming period ends, if you leave your tokens until the end, they will all be automatically transferred to the spot wallet on Binance
The difference between the two is: Launchpool you can earn rewards through performance farming, simply by sending your BNB or another token, to the launchpool section, a section that exists on the binance platform, and so you can have the opportunity to buy in the next launchpool token in the ICO, without discounting your BNB that you added to Farmeo.