What is Binance Launch Pool? How to Earn token for Free?
Binance Launch Pool is a product by Binance where you can earn tokens for Free by staking you already existing BNB,BUSD or other tokens.
The no of tokens earned is calculated by the below formula:
No Of tokens Earned(daily) = (No of Tokens Staked by you/ Total no of Tokens Staked by community) * No of New Tokens available as Rewards (for the staked token)
For Example :
If you stake BNB tokens you take part in the pool where 4,500,000 BEL token will be rewarded.
Stake BNB: 4,500,000 BEL in rewards (90%)
Lets say you have staked 1000 BNB tokens and the total BNB staked by the community is 10,000, then according to the formula :
BEL tokens you earn(daily) = (1000 / 10,000 ) * 4,500,000
i.e 4,500,00 BEL tokens
How to get started ?
Ok, now i know what Binance Launch Pool is , how do i get started ?
Step 1 : Create an Account in Binance if you don’t have already.
Click here to Sign Up using my Referral Link.
Make sure you have BNB tokens in your wallet, buy some if you don’t have.
Step 2 : Navigate to the LaunchPad section in Binance
Step 3 : The page opens with the current ongoing Launch Pool like below.
Step 4 : Click on BNB Pool Box(or pool of your choice).
a. Click Stake Button
b. Enter the amount of BNB you want to stake, you can select MAX if you to stake all available BNB tokens.
c. Click the Stake Button
That’s it, you have now staked you BNB tokens and ready to earn free token. Passive Earning in action.
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