What is BingX Launchpool
BingX Launchpool is a platform designed to help project teams issue tokens optimally. We offer high-quality and comprehensive services, from pre-issuance consultation to post-listing marketing support.How to Join BingX Launchpool
There are four core stages in BingX Launchpool: token staking, reward calculation, reward issuance and Spot listing.-
Token Staking
- First, log in to your BingX account and ensure you've completed advanced KYC verification. Users in restricted regions won’t be able to join Launchpool.
- During the staking stage, stake the corresponding token within the designated time to join the Launchpool.
- Your staked tokens can be retrieved from the Launchpool project at any time.
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Reward Calculation
- In the Reward Limit mode, participants can stake unlimited funds, but their rewards will be affected by the hourly reward limit. Participants can stake funds based on the hourly reward limit displayed for each project.
- Three snapshots of each participating user's staked tokens will be taken every hour to determine the amount staked during that hour and allocate rewards accordingly. Here's the calculation formula:
- Hourly Reward = (User's average hourly staked token amount ÷ platform's average hourly staked token amount) x (daily reward limit ÷ 24)
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Reward Issuance
- Launchpool rewards are issued to participating users hourly. The system calculates the "hourly reward limit for users" based on their "daily reward limit". This ensures fair earnings for all participating users.
- If User A stakes at time T, the system will issue the reward at T+1. (For instance: User A stakes at 10:00, and the system has taken three snapshots of the User A's staked amount during that hour. User A will receive the staking rewards at 11:00.)
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Spot Listing
- After the Launchpool, your staked tokens will be automatically returned to your Fund Account. Spot trading for the Launchpool project will open at the designated time.
FAQs
Q: What is the Reward Limit mode?
A: You can stake unlimited funds in the Reward Limit mode, but your rewards will be affected by the hourly reward limit. Your maximum rewards won't go beyond this limit. You can stake funds based on the hourly reward limit displayed for each project.
Q: Why can't I participate even though I've completed advanced KYC?
A: 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 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 also choose to retrieve your staked assets.
Q: What tokens can be staked in the BingX 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: Where can I view my staking rewards after staking tokens in the Launchpool?
A: Click "Reward History" on the Launchpool page to view your rewards.
Q: What if I want to stop joining the Launchpool halfway through? How will my previous staking rewards be calculated?
Q: Where can I view my the tokens I've previously staked after the Launchpool?
Q: How is my hourly reward calculated after I staked tokens in the Launchpool?
Q: What is the "user's average hourly staked token amount"?