Binance introduces Launch Pool platform for farming new assets

2020-9-7 13:08

The world’s leading cryptocurrency exchange, Binance has introduced its Launchpool platform that would allow its users to farm new assets securely.

Binance unveiled its Launchpool platform yesterday, with the leading cryptocurrency exchange allowing users to securely farm new assets while also earning rewards for staking the Binance Coin (BNB) and a few other tokens. According to the company blog post, Bella Protocol (BEL) would be the first project to be hosted on the platform.

“Binance is excited to release Launchpool, a new product where users will be able to acquire new token rewards in return for staking BNB, BUSD and other tokens. The first project to be hosted on Launchpool is Bella Protocol (BEL),” Binance revealed.

According to Binance, their users will be able to stake their BNB, Binance USD (BUSD), and ARPA coin tokens into three separate pools to farm the BEL tokens for a period of 30 days. The farming of the new asset will commence on September 9 at 00:00 AM (UTC).

As the farming of the asset continues, Binance will list the BEL token on its exchanges on September 16 at 6:00 AM (UTC). Upon its listing, traders would be able to trade a few BEL trading pairs, including BEL / BTC, BEL / BNB, BEL / BUSD and BEL / USDT.

Participating in the farming of the new asset involves a simple step, according to Binance. “Users can stake their tokens by going to the Binance Savings page and clicking on the BNB, BUSD or ARPA flexible savings products with a “Launchpool” label,” the exchange revealed.

Binance also rolled out the terms and conditions that are guiding the BEL staking event. According to the exchange, users can un-stake their funds at any time with no delay. They can also use the coins to participate in any other available pool right away. The users get a share of their rewards daily and would receive interest from the standard flexible savings products when they deposit tokens into each product. Furthermore, users that use the BNB coin for staking will enjoy the standard benefit of the Binance ecosystem’s token, such as VIP benefits, airdrops and Launchpad eligibility.

BEL token offers numerous benefits

Binance stated that there are numerous advantages for holding and using the BEL tokens. Users that hold and use the tokens get to enjoy discounts for voting, staking, Bella services, governance and rewards.

The Bella protocol project raised $4.50 million in a private token sale carried out last month. Some of the famous institutional and private investors in the project include; David Namdar, the co-founder of Galaxy Digital, Arrington XRP Capital, Koi Ventures, Force Partners, Alphabit, Roark Fund, Yunshang Capital, Consensus Labs, Laurenz Apiarius, the founding partner of BlockWall Capital, Ben Gorlick, ex-Head of Product at Blockstream and many others.

The post Binance introduces Launch Pool platform for farming new assets appeared first on Coin Journal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Sharpe Platform Token (SHP) на Currencies.ru

$ 0.0004599 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0.0004599 - H: $0.0004599
Капитализация $8.007k Rank 99999
Доступно / Всего 17.41m SHP

platform binance new assets farming introduces launch

Источник: coinjournal.net

platform binance → Результатов: 126


Фото:

The Daily: Binance Tracker Available in Beta, New Crypto Exchange Ready in Two Weeks

Leading cryptocurrency exchange Binance has announced the launch of its new market intelligence app in beta. The mobile tracker is available for Android and iOS. Also in The Daily, an IT company offers a platform to build a crypto exchange in just two weeks, Shariah compliant trading platform promises to bring Muslim crypto enthusiasts into […] The post The Daily: Binance Tracker Available in Beta, New Crypto Exchange Ready in Two Weeks appeared first on Bitcoin News.

2018-8-20 14:09


Binance LCX Fiat to Crypto Exchange Launched, EUR and CFH Trading Pairs Available

Binance LCX is a Fiat to Crypto Exchange for Serious Investors Binance has announced the release of new fiat to cryptocurrency exchange, Binance LCX, in the country of Liechtenstein. The new partnership between Binance and LCX will give users a new technology exchange platform specializing in fiat to crypto. Focal points of the exchange are customer […]

2018-8-16 22:16


Фото:

Binance Launches Education Platform for Blockchain, Crypto

One of the world’s largest cryptocurrency exchanges, Binance, has unveiled a new educational platform that will provide free resources for the burgeoning cryptocurrency and blockchain industries. A Hub for All Things Crypto? Binance has revealed a new educational initiative and open-access platform, called Binance Academy, with the goal of fostering a wider understanding of blockchain […] The post Binance Launches Education Platform for Blockchain, Crypto appeared first on CryptoSlate.

2018-8-15 03:00


Binance Reveals Pre-Alpha Demo of Decentralized Exchange & Binance Chain Amidst Listing Fee Criticism

Cryptocurrency exchange giant Binance has unveiled a pre-alpha demonstration of its own decentralized exchange in a move that foreshadows the future of the crypto trading ecosystem. First announced in May, the Binance Decentralized Exchange (DEX) is part of a greater project that will see the exchange platform launch a tailored blockchain, called “Binance Chain.

2018-8-11 10:00


Фото:

VeChain (VEN) Token Swap on Mobile Wallet Ongoing and a Betting DApp Chooses The Platform

Binance was the first platform to publicly announce that it would be supporting the VeChain (VEN) token swap to VeChain Thor (VET) back in late June. The exchange would then complete the procedure on the 25th of July this year that was accompanied by a 100 Million VTHO Airdrop gift to all the Binance holders […] The post VeChain (VEN) Token Swap on Mobile Wallet Ongoing and a Betting DApp Chooses The Platform appeared first on Ethereum World News.

2018-8-10 13:34


Фото:

Binance “Sneak Peeks” In-House Decentralized Exchange

Binance Grinds Out Pre-Alpha Decentralized Exchange World-class cryptocurrency platform Binance has been hard at work on its in-house decentralized exchange platform for months now. While no product was expected this early, Binance’s team has been hard at work, recently releasing a “sneak peek” of a pre-alpha version of the platform, which will be an essential part of Binance […] The post Binance “Sneak Peeks” In-House Decentralized Exchange appeared first on Ethereum World News.

2018-8-10 22:00


Фото:

Binance Unveils Decentralized Exchange Amid Doubts Over Ethos

Major cryptocurrency exchange Binance has revealed a “rough, pre-alpha” demo version of DEX, its own decentralized exchange which could ultimately take over from its current platform. ‘A Big Step’ Introducing a video walkthrough of the exchange, CEO Changpeng Zhao said developers were “very aggressively” on getting a usable product to market.

2018-8-9 18:00


Фото:

Binance Announces the Completion of ONT MainNet Swap

Binance has officially announced that it has fully completed the ONT mainnet swap. To this effect, it indicated that users can now deposit and withdraw ONT on the trading platform. The first news about the swap became public knowledge about two months ago when Binance stated that it would handle all the technicalities involved for […] Binance Announces the Completion of ONT MainNet Swap was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-7-27 16:14


Фото:

Binance’s South Korea Expansion Plan: Exchange Doesn’t Deny but Plays Down Hype

Crypto traders in South Korea could soon have direct access to Binance’s trading platform. According to a speculative report circulating in the Korean media, the largest cryptocurrency exchange in the world (by trading volume) is preparing to tap in on South Korea’s booming digital asset market by setting up a regional office in the country.

2018-7-26 17:28


Coinbase Or Binance: Which Crypto Trading Exchange Platform Is Right For You?

As a sign of a maturing asset class and a growing component of modern business, digital exchanges have begun populating the crypto arena. With new entrants emerging periodically and existing exchanges constantly streamlining their offerings, even seasoned investors might be at a loss to pinpoint the “best” exchange. Newcomers in particular are faced with a […]

2018-7-20 11:52


Фото:

Malta stock exchange partners should launch the Security Tokens Platform with OKEx

Thanks to such accommodating legislation, cryptocurrency companies like Binance and OKEx have flocked to the country to build out their services. Helping to further build these services, the Malta Stock Exchange (MSE) just announced the launch of its MSX PLC, an investment vehicle that will partner with leading crypto exchanges to create joint ventures in

2018-7-20 01:04


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Binance Coin: Why the next 2 weeks will be interesting for BNB

Analysis showed that the coin could see an upswing to $738 by June. Derivatives market data indicated bullish sentiment, as BNB might favor long positions. The price of Binance Coin [BNB] coThe post Binance Coin: Why the next 2 weeks will be interesting for BNB appeared first on AMBCrypto.

How did BNB jump past $600? Taking a look at the numbers

BNB started to trade above a long-term resistance level. The coin’s price might reclaim its two-year-old all-time high. Binance Coin [BNB] has broken above the upper line of its long-term The post How did BNB jump past $600? Taking a look at the numbers appeared first on AMBCrypto.

AEVO price jumps 10% as Binance Labs’ investment reveals bullish outlook

AEVO price jumped nearly 10% on Tuesday as the project received a major boost from Binance Labs. AEVO is the native token of decentralized derivatives exchange platform Aevo. It could ride the Layer 2 rally around ETH spot ETF speculation and today’s news to target a break above the $1 level. Binance Labs invests in […]

BNB sets the stage to breakout above $580: When will it happen?

BNB’s price action remained less volatile over the last seven days.  Most metrics looked bullish on BNB, but a few suggested otherwise.  Binance Coin's [BNB] momentum declined over the The post BNB sets the stage to breakout above $580: When will it happen? appeared first on AMBCrypto.

ONDO 20% rise vs BNB's 1% drop: Which token is your best bet?

ONDO’s price has risen by double digits in the last week, while BNB’s value has dropped. ONDO is well primed to continue on its uptrend, while BNB remains at the mercy of the bears.  ONThe post ONDO 20% rise vs BNB's 1% drop: Which token is your best bet? appeared first on AMBCrypto.

Binance Coin's next big price hike and why it depends on this 'triangle'

BNB was trading above the support line of its symmetrical triangle pattern BNB remains at risk of a decline as its funding rate was negative The recent market rally has caused Binance Coin [The post Binance Coin's next big price hike and why it depends on this 'triangle' appeared first on AMBCrypto.