Does product hunt launch also help with SEO backlinks?

Product hunt is more about, well, product discovery. Creators submit their products (services, apps, tools, etc.) on the platform and the users (community members) vote and share their favorite products. You can take advantage of the opportunity to promote your products on Product hunt. As far as SEO backlinks are concerned, there are better to ways to earn/build backlinks such as content marketing, guest blogging, etc. Hope this helps.