Answer:
A Present participle represents a form that expresses to something that causes some feeling or to demonstrate how a person or a thing are affected by certain action.
e.g. This sport is relaxing.
However, in some cases, a present participle can functionate as an adjective. This phenomenon is called present participle.
e.g. The approaching event caused a lot of negative comments.
In this case, approaching is an adjective that we use in order to describe the event.