*Effective 2024-12-05, BingX Pre-launchpool will be rebranded as BingX Xpool. Existing BingX Pre-launchpool projects will be migrated to BingX Xpool, and the corresponding token rewards will remain unaffected and issued as usual.
If you have any questions, feel free to reach out to our customer support anytime. Thank you for your understanding and support.
What is BingX Pre-launchpool?
Key advantages of BingX Pre-launchpool
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Early access: Earn reward points in advance before the token launch, which can later be redeemed for actual tokens.
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Flexible staking & unstaking: Stake or unstake assets from the prize pool at any time of the event.
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Effortless reward issuance: Your reward points are generated hourly and are automatically accumulated in the Pre-launchpool based on the snapshots.
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Automatic return of funds upon maturity: The funds you've staked to the prize pool will be automatically returned to your Fund Account after the event.
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Automatic redemption of reward points for tokens: Reward points serve as a proof of right, which can later be redeemed for actual tokens at a ratio determined by both the preset total amount of points and the actual total supply.
How to Join BingX Pre-launchpool
Token Staking
Calculation of Reward Points
● To ensure fairness, Pre-launchpool will take multiple random snapshots of the assets staked by participants every hour. It will randomly select three snapshot amounts, calculate the average, and use that to determine the amount of tokens staked by the user during the hour. Rewards will then be issued based on the proportion of tokens staked. Here's the calculation formula:
Hourly reward points = (user's hourly staked token amount ÷ platform's hourly staked token amount) x (daily reward limit ÷ 24)
● User A stakes at time T, the system will calculate the reward point at T+1.
Issuance of Reward Points
Redemption
Total tokens available for redemption = actual total supply of the token ÷ preset total amount of points x total reward points.
● In special cases, the token rewards from the Pre-launchpool points redemption may be credited to your Fund Account in multiple installments. Please keep an eye on official announcements for details.
FAQs
Q: Why don't the tokens earned equal the amount of my points?
A: Points serve as a proof of rights. Once the project has determined the token's total supply, the points will be converted into tokens at a ratio determined by both the preset total amount of points and the actual total supply.
Q: Why can't I participate even though I've completed advanced KYC?
A: Users from restricted regions are not able to participate in the Pre-launchpool. If you're not from a restricted region, your account might have triggered our platform's risk controls due to using multiple accounts from the same IP address or using several associated devices. Try using a different device and network to sign up for a new account. If the issue persists, please contact our online customer support. Thank you for your understanding and support.
Q: Why am I not receiving rewards after staking assets into Pre-launchpool?
A: Your staked asset is too small in relative to the total staked assets on the platform, resulting in rewards that are below the minimum issuance threshold for that token. You can increase your staked assets to qualify for rewards. Alternatively, you can choose to unstake your assets.
Q: What tokens can be staked in the BingX Pre-launchpool?
A: Please refer to the project details announced for each edition. The tokens listed for each project are the ones available for staking.
Q: Can I stake an unlimited amount of tokens in the Pre-launchpool? Is there a staking limit?
A: To ensure the fairness of Pre-launchpool projects, all participants are subject to a staking limit and the staking limit varies for each project. Specific details will be explained in the announcement when the project goes live in Pre-Launchpool.
Q: What if I want to stop joining the Pre-launchpool halfway through? How will my previous staking rewards be calculated?
A: BingX Pre-launchpool supports staking and unstaking at any time. The system calculates and issues rewards based on your staking duration. Rewards are issued for each full hour of staking. If your staking period is less than a full hour (one exact hour to the next), there may be no staking rewards.
Q: Where can I view my staking rewards after staking tokens in the Pre-launchpool?
A: Click "History" or "My Points"on the Pre-launchpool page to view your rewards.
Q: What is the "user's average hourly staked token amount"?
A: Pre-launchpool will take multiple random snapshots of the assets staked by participants every hour. It will randomly select three snapshot amounts and calculate their average. This average will be the "user's average hourly staked token amount".
Q: How is my hourly reward calculated after I staked tokens in the Pre-launchpool?
A: Hourly reward points = (user's average hourly staked token amount ÷ platform's average hourly staked token amount) x (daily reward limit ÷ 24)
Q: Where can I view my the tokens I've previously staked after the Pre-launchpool?
A: After the Pre-launchpool project concludes, your staked tokens will be automatically returned to your Fund Account. You can view the details in Asset Records.
BingX reserves the right to update the rules of the event and holds the final interpretation of this event.
Risk Disclaimer:
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material is for reference only and should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BingX is not responsible for any losses you may incur.
BingX attaches great importance to compliance and has strictly abided by local regulations. Please obey local laws and regulations in your country or region. BingX reserves the right in its sole discretion to amend, change, or cancel this announcement at any time and for any reason without prior notice.
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