Launchpool FAQ [Updated 2024-12-31]
FAQs—Launchpool
What is the MEXC Launchpool event?
MEXC Launchpool is a platform that enables users to stake selected tokens in exchange for airdrops of popular or newly listed cryptocurrencies. Staked tokens can be redeemed at any time, and users receive token rewards proportional to their staking amount. Launchpool supports a variety of staking tokens, including MX, USDT, and project-specific tokens. The details of each staking pool are determined by the individual project.
Who is eligible to participate in the Launchpool event?
- Users who have completed KYC verification are eligible.
- Market makers and institutional accounts are not eligible.
- Institutions and users from restricted countries/regions are not allowed to participate.
How can I participate in Launchpool?
Visit the Launchpool event page and choose the project token pool you wish to support. Stake the designated tokens (e.g., MX, USDT, project tokens, etc.) to participate.
Are there limits on staking tokens?
The event page will specify the maximum and minimum staking amounts. Please refer to the event rules for detailed information.
How is my reward calculated?
Daily rewards are determined using the following formula:
Daily Token Reward = User's Daily Average Staked Amount / Total Daily Average Staked Amount of All Users × Total Daily Pool Reward.
For example, if you stake 100 USDT and the total pool reward for the day is 10,000 USDT, and your stake represents 1% of the total, you would earn a 100 USDT reward.
Please note:
- Reward distribution may experience slight delays.
- Rewards are based on the actual staking duration. Stakes of less than one hour will not earn rewards.
When are interest and rewards distributed?
Currently, all rewards are calculated on an hourly basis, and distributed in the following three forms:
- Hourly Distribution: The rewards from locked assets will be calculated within T+1 hour and distributed every hour.
- Daily Distribution: After T+1 settlement, rewards will be directly credited to the Spot account.
- One-Time Distribution After Event Ends: All rewards will be distributed within 1 hour after the event ends.
*Please refer to the actual event landing page rules for the specific reward distribution method. Currently, earnings are still calculated on an hourly basis.
How can I view staking history?
You can check your current staking amount and reward details under [Reward History] on the Launchpool page.
Can staked tokens be redeemed at any time?
Yes, you may redeem your staked tokens at any time. Once redeemed, the tokens will be immediately transferred to your Spot account.
Can I redeem my staked tokens after the staking period ends?
Once the staking period concludes, your staked tokens will be automatically redeemed without requiring manual action. Please note that there may be a slight delay in receiving your staked amount.
Can I participate in other events simultaneously?
Yes, staked MX tokens can also be used to participate in Kickstarter airdrop events, allowing you to earn double rewards.
Can I compound my earnings?
Daily rewards will not be automatically reinvested to generate additional earnings. To earn more, you will need to manually stake in a new staking pool.
How is a new user defined?
A new user refers to a user who signs up for a new MEXC account during the event period or a user whose total deposits were less than $100 before the event started.
What should I be aware of when participating in Launchpool events?
- Event rules may be adjusted based on actual conditions. Please refer to the landing page for the most up-to-date information.
- Rewards will only be distributed if the amount is greater than or equal to 0.01 USDT or its equivalent.
- Multiple account operations, cheating, or any other fraudulent activities are strictly prohibited. Participants found engaging in such activities will be disqualified from the event.
- Before the rewards are distributed, the platform will perform a final review of user eligibility. Users whose accounts are deemed abnormal or who do not meet the activity requirements will be ineligible to receive rewards. Please ensure that your account activities comply with the platform's rules to avoid any issues with reward eligibility.
How is the estimated Annual Percentage Rate (APR) calculated?
The APR is a dynamic estimate of the annualized return, based on the current total staked amount. As the total staked amount increases, the APR may decrease accordingly.
For example, with hourly distribution, the estimated APR is calculated as follows:
APR = Airdrop amount from the previous hour / Total locked amount from the previous hour × 365 × 24 × 100%.
Data is updated on an hourly basis, and the values provided are for reference only.
What risks should I be aware of?
Digital assets are highly volatile and carry investment risks. We strongly recommend users conduct thorough research and make investment decisions based on their own risk tolerance.