Question 1

1.What is Launchpool?

Accepted Answer

Launchpool is a platform where users can stake their assets or provide liquidity to earn rewards in new project tokens. Users can lock specified tokens in the Launchpool pool to receive corresponding project token rewards.

Question 2

2.How can I participate in Launchpool?

Accepted Answer

First, login to your Gate account and navigate to the Launchpool page. Then, choose the project you want to participate in and stake your assets.

Question 3

3.Which coins can I stake in Launchpool pool?

Accepted Answer

The tokens eligible for participation will be announced on the mining page of each project. Please visit the corresponding page of Launchpool to view more details.

Question 4

4.How many tokens will be rewarded?

Accepted Answer

Hourly staking reward = (Individual latest 1-hour valid staking amount / Total pool staking amount) × Hourly reward pool * System will take snapshots of individual staking amounts each hour and take the average as the valid staking amount.

Question 5

5.How are rewards distributed?

Accepted Answer

System will take snapshots of individual staking amounts and distribute token rewards to eligible users. Hourly earnings will be distributed into users' spot accounts.

Question 6

6.When will the staked assets be redeemed?

Accepted Answer

After the user redeems in advance or the staking is completed, the staked assets will be transferred to Simple Earn by default. If this option is unchecked, the staked assets will be redeemed into spot assets. -If the amount of redeemed assets is too small and does not meet the minimum subscription amount of Simple Earn, the assets will be automatically transferred to spot assets. -If Simple Earn does not support the subscription of the redeemed token, the assets will also be automatically transferred to spot assets.

Question 7

7.Can I redeem my staked assets at any time?

Accepted Answer

The system will take multiple snapshots of personal staking amounts each hour and calculate the valid staking amount. However, early redemption may result in the loss of accrued rewards. Please maintain stable staking amounts to ensure mining rewards.

Question 8

8.Can I add additional staked assets?

Accepted Answer

You can increase your staked assets at any time. The more tokens you stake, the greater your potential mining rewards. However, once the reward cap is reached, you will no longer receive staking rewards.

Question 9

9.Can I participate in multiple projects at the same time?

Accepted Answer

When there are multiple Launchpool projects going on at the same time, you can stake in different pools to receive new token mining rewards for multiple projects. * Each staking pool needs to be staked separately. If you only stake assets in Pool A, you will not be able to obtain rewards from Pool B. You can stake Pool A and Pool B separately to obtain the corresponding mining rewards.

Question 10

10.What is the maximum mining reward I can receive?

Accepted Answer

The Hourly Reward Hard Cap Per User for each project is different. Once the cap is reached, no further staking rewards will be granted. Please refer to the relevant announcements or the mining page for the reward hard cap limit for each project.

Question 11

11.Will staking assets in the Launchpool pool impact my VIP level?

Accepted Answer

No assets staked in the Launchpool pool will be included in the assets holdings calculation for Startup free airdrops, Pre-order, Prime and VIP privilege.