Question 1

What is Launchpool

Accepted Answer

Launchpool is a platform where XT's Earn services collaborate with project teams, allowing users to stake and earn popular new tokens. The products are divided into different pools based on the staked tokens, helping users easily acquire potential tokens by locking up specified coins.

Question 2

Launchpool Product Rules

Accepted Answer

Launchpool products can be subscribed to at any time from the start of the pre-subscription period until one hour before the product ends. Subscriptions made within the last hour before the product ends are not allowed, as per the interest accrual rules, these subscriptions would not generate any interest upon maturity. Shares subscribed during the pre-subscription period will start accruing interest after the product officially starts running, and cannot be redeemed during the pre-subscription period. Shares subscribed after the official start will begin accruing interest from the next full hour after subscription. One hour after interest starts accruing, the interest from the previous hour will be distributed hourly, and earnings will be automatically credited to your Spot account. Launchpool products have fixed terms, and some support early redemption: if early redemption is initiated, the redeemed amount will be credited immediately to your Spot account; if the system automatically redeems at maturity, the amount will be credited to your Spot account within 5 minutes after maturity.

Question 3

How is the hourly profit calculated for Launchpool?

Accepted Answer

The total rewards distributed from the Launchpool prize pool each hour are fixed. At the end of each hour, the system calculates the proportion of a user’s holdings relative to the total current holdings in the pool and distributes rewards proportionally. User's Hourly Earnings = Total Hourly Rewards of the Pool * User's Holdings Amount / Total Pool Holdings.

Question 4

How can I subscribe to Earn products?

Accepted Answer

To subscribe to Earn products, users need to ensure that their Spot account has sufficient balance in the corresponding coin. Then, on the product details page, users can enter the subscription amount and click Subscribe to complete the purchase. After successful subscription, the subscription amount will be deducted from the user's Spot account and converted into corresponding holding positions in the Earn account, while the fund records can be viewed in the Spot account.

Question 5

How are Earn profits distributed?

Accepted Answer

The payout schedule for different Earn products varies. Some products distribute earnings daily, while others pay out upon maturity. Please refer to the product details page for specific information. Once the earnings are credited, users can view the amount and transaction history in their spot account. If earnings are not received on time, please reach out to customer service for assistance.

Question 6

How can I redeem Earn products?

Accepted Answer

The redemption rules vary for different Earn products. Some support manual early redemption, while others can only be automatically redeemed upon maturity. Please check the specific product rules. If the product supports early redemption, users can click Redeem under the product positions in the Earn account, enter the redemption amount, and submit it after confirmation. The redemption time varies for different Earn products. Once the redemption is credited, users can view the credited amount and fund records in their Spot account.

Question 7

How can I view Earn product positions, Earn orders and fund records?

Accepted Answer

Users can view all currently held positions of Earn products in the Earn account. By clicking Earn Orders on the Earn account page, users can view historical orders related to product subscriptions, interest distributions, redemptions, etc. Fund records can be viewed in the Spot account with type of Earn selected, users can see all records related to Earn, including subscriptions, interest distributions, and redemptions, etc.

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