Binance Launchpad is an Initial Exchange Offering (IEO) platform. Through Launchpad, you can earn rewards (in the form of tokens) by raising funds for new and exciting projects, all of which are hand-picked and vetted by Binance. The number of tokens you can earn depends on the amount of cryptocurrency that has been publicly committed, and your rewards will be determined.
Binance Launchpool, on the other hand, is essentially an exchange-based liquidity farming service. Through Launchpool, you can earn passive income by staking your cryptocurrencies for tokens from new crypto projects. When the staking period ends, 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 provide support and awareness to promising crypto startups. Both provide early access to quick and easy revenue generating services for Binance account holders. And both support the projects they help launch with media and marketing advice, as well as fundraising assistance.
But of course, it’s different in many ways too. Launchpool involves investing in projects before they launch, which in some ways mimics a traditional IPO. Meanwhile, Launchpool requires you to stake tokens to earn new tokens, which is a relatively more passive way to grow your cryptocurrency portfolio.