Launchpad vs. Launchpool: Which One Drives More Crypto Growth?

Binance has built an entire ecosystem of services to suit the needs of any cryptocurrency trader, user or owner. If you’ve been using Binance for a while, chances are you’ve met both Binance Launchers and Binance Launchpool. Both platforms aim to support the crypto ecosystem by providing first-hand access to promising crypto tokens to all Binance users. These platforms also provide support to promising crypto startups with the ultimate goal of helping to drive awareness and adoption for their respective projects, by teaching them how launch and promote their token the best.

In other words, both Binance Launchpad and Launchpool help raise funds for quality projects, while allowing crypto users and investors to generate massive returns. But how exactly are they different and what makes one more valuable to you specifically when compared to the other?

Launchpad and Launchpool: Bringing Growth to Crypto Holders

On the surface, both Binance Launchpad and Launchpool fulfill their goals of bringing growth to crypto projects, their respective tokens, and the people Binance users have access to. . Two distributed combined platforms $143 million total tokens for both Launchpad buyers and Launchpool crypto farmers. Right now, those tokens have value $934 million Total.

Binance Launchpad, the older of the two with projects dating back to 2019, sold a total of $57.8 million in tokens across 23 projects. Currently, the total value of those tokens is $725.2 milliongeneral display 11.5x growth valuable to participants who can purchase tokens on the platform. This year, Launchpad was able to secure commitments worth a total of 38.2 million BNB ($10 billion) from interested participants, which represents the level of expectations of token launches. newspaper.

Binance Launchpool, introduced in September 2020, currently has 19 projects, two of which have a continuous farming period. The platform was able to distribute the total 85.3 million dollars with tokens from 17 completed projects. Those tokens are now valid 209.8 million USD, which is 146.04% higher on the total, even considering the recessionary trends over the past two months for cryptocurrencies. The ponds recorded TVL (total locked value) of 5.46 billion dollars BUSD, 143.5 million BNBand a significant number of cryptocurrencies including BTC, ETH, DOT and several others.

Despite similar results, Launchpad and Launchpool work in different ways. We explain these differences below.

Binance Launchpad: Fundraising from Pioneering Cryptocurrency Community

Binance pioneered Initial Exchange Offering (IEO), through the introduction of Binance Launchpad, the proprietary token launch platform for convertible blockchain projects. With the dawn of IEOs, crowdfunding moves to a whole new level with the safe and easy use of cryptocurrencies to benefit both blockchain projects and their investors. surname.

Prior to Launchpad, blockchain projects held their own Initial Coin Offerings (ICOs) to raise crypto funds for their own growth and development. The results have varied with this old approach, with each success story being matched with cautionary tales of failure and fraud, and crypto users lacking the necessary protections and being neglect.

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The introduction of IEOs on Binance Launchpad has fostered a new model whereby projects can raise funds and users can support these projects more conveniently and securely. Here are the various advantages that Binance Launchpad can offer to the entire crypto industry:

1. Launch token in a trusted platform

Binance Launchpad provides a way for new crypto projects to raise capital from a platform already used by most of the crypto world. As the world’s leading exchange, Binance already has access to crypto holders and investors who are potentially interested in early access to a high-quality token sale.

2. Protection for both users and projects

Binance takes care of its crypto users with top-notch security and this extends to token sales. By using Binance Launchpad, crypto projects don’t have to worry about creating their own fundraising platform and risk becoming a target for attacks from bad guys. Meanwhile, investors don’t have to worry about withdrawing their funds from Binance, which is where they primarily use their crypto assets and take on the risk of unnecessary losses.

3. Rapid growth for worthy crypto projects

When projects are introduced on Binance Launchpad, they will essentially be exposed to millions of Binance users globally, and projects launched through it will be listed and have world-class liquidity. along with many trading pairs.

Launchpad is an important part of Binance’s comprehensive support when it comes to supporting blockchain startups. When a crypto project qualifies for a Launchpad token offering, it is essentially receiving support from Binance for the initial token release, as well as guidance from investment teams and listings of Binance, who review and rate each project that applies to Launchpad.

4. Fair distribution of tokens initially offered

Binance Launchpad uses a lottery system to distribute its tokens. Once a new IEO is announced, a snapshot will be taken of the amount of BNB holdings held by potential investors over a certain period of time which varies depending on the sale. After the BNB holding period, a claim button will appear for 24 hours for users who need to claim their lottery ticket, after that the lottery will start and the winner will automatically authorize the user become an IEO participant in exchange for BNB tokens. How many tokens investors can hold depends on the total amount committed and on personal limits.

We use this lottery system for Launchpad to ensure that the tokens offered initially reach as many people as reasonably possible. There is no need to worry about some crypto holders owning the majority of the circulating supply, which bodes well for the prospect of a crypto project.

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5. Potential long-term success for both the project and cryptocurrency holders

Since launch, Binance Launchpad has raised a total of $57.8 million in funds for 23 completed projects, thanks to the participation of 1,498,542 unique participants of all time. While the results may vary between tokens, Launchpad has generally made launch projects remarkably successful. Combined with the relentless efforts of cryptocurrency projects featured on Launchpad, the IEO model has yielded great results, reflected in the performance of some of the best performing projects to date.

Best performing Launchpad token (as of June 25)

You can learn how use Binance Launchpad here.

Binance Launchpool: DeFi-Powered Evolution of Crowdfunding

The time has come when you might want your crypto assets to do the work for you. In other words, instead of just letting assets stagnate in your crypto wallet, as they slowly increase or decrease in value depending on the market situation, you can use these assets to earn tokens. new notifications while keeping them in the process.

Binance Launchpool was created in September 2020, during the rise of decentralized finance (DeFi) in crypto, when new crypto financial services allow users to stake their crypto assets to provide coins to liquidity pool and get rewards back. This is a process known as yield farming. By combining DeFi best practices with the security and convenience of a centralized exchange like Binance, Launchpool essentially allows users to create new assets and users will be able to receive Get new token rewards in exchange for BNB, BUSD and other tokens, at no cost. Unlike Launchpad, which is essentially an act of buying tokens on the crypto holders’ side, Launchpool allows holders to have their cake and eat it.

Here are some benefits of Binance Launchpool:

1. Simple mechanism to earn free tokens

With Binance Launchpool, the process of earning new tokens is as easy as just depositing them into a pool. The number of tokens you earn daily will be directly proportional to the number of tokens you have subscribed to the pool when compared to the total number of tokens deposited into the pool itself. You will typically earn new tokens within a set period of time, usually within 30 days. Token trading opened after 7order farming day, at which point you can instantly trade any tokens you earn during that timeframe. To join Launchpool, you need a account as well as more than 0.1 BNB or any other token supported in a pool.

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2. Flexibility in earning new tokens and control your existing assets

The tokens you will definitely earn from Binance Launchpad are hourly and you can claim your pending rewards at any time. In other words, Launchpool is a place where you can stake tokens to generate new tokens, you will usually get back what you have staked at the end of it and you will also have a chance to withdraw the pooled amount yours at any time.

3. Binance Support for Promising Cryptocurrency Projects

Just like in Launchpad, projects featured on Launchpool have access to Binance’s leading support system, from consulting services on how and when to make tokens available to the wider community. and the scope of marketing that Binance may use to promote the crypto project being introduced.

4. Growth for projects and owners alike

With different advantages, Binance Launchpool projects were able to increase their valuation, as well as the benefits they bring to their backers, thereby creating stronger communities and fundamentals for the projects. How much growth are we talking about? For some of the top performing tokens on Launchpool we are talking about 44x growth for tokens it’s basically give away for free.

Best performing Launchpool token (as of June 25)

Learn more about benefits of Binance Launchpool in this article.

Key point

We can clearly see that there is high interest from the Binance user base when it comes to projects on Binance Launchpad and a lot of them are participating in Launchpool as well. This is one of the main attractions when it comes to launch your crypto projects on these platforms.

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