CoinMarketCap published this video item, entitled “Binance Launchpad & Binance Launchpool? What’s the difference?” – below is their description.
Here is a quick explainer: Binance Launchpad is an initial exchange offering (IEO) platform. Through Launchpad, you can earn rewards (in the form of tokens) by fundraising new and exciting projects, all of which are hand-chosen and vetted by Binance. The number of tokens you can earn depends on how much crypto was committed overall, and your rewards will be capped.
Binance Launchpool, on the other hand, is essentially an exchange-based liquidity farming service. Through Launchpool, you can earn passive revenue by staking your crypto in exchange for tokens from new crypto projects. When the staking period is over, you get your initial investment back along with any reward tokens.
In many ways, Launchpad and Launchpool are similar. Both services are provided by Binance and drive support and awareness for promising crypto startups. Both offer early access to quick and easy revenue-yielding services to Binance account holders. And both support the projects they help launch through media and marketing advice, as well as fundraising assistance.
But they are of course different in many ways as well. Launchpad involves investing in projects before they launch, which somehow mimics a traditional stock IPO. Meanwhile, Launchpool requires you to stake tokens to earn new ones, which comparatively is a more passive way to grow your crypto portfolio.
On today’s CoinMarketCap’s Episode, we dive deeper:
02:06 – What Is Binance Launchpad?
02:42 – How Does Launchpad Work?
04:55 – Why Do Crypto Startups Want to Work With Launchpad?
05:47 – Are Launchpad Projects Successful?
07:12 – What Does Binance Look for in Launchpad Projects?
07:46 – How to Use Binance Launchpad as an Investor
08:18 – What Is Binance Launchpool?
09:19 – How Do Launchpool Rewards Work?
09:57 – How Can You Use Launchpool?
10:34 – Why Do Crypto Projects Want to Work With Launchpool?
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