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 during the pre-subscription period until the product ends. If successfully subscribed during the pre-subscription period, interest starts accruing on the product start date. If successfully subscribed during the mining period, interest starts accruing on the same day (Day T, UTC). Previous day’s interest is distributed daily starting from the day after interest accrual date (UTC). The interest mode is Distributed Daily, the daily interest is automatically credited in Spot account. Launchpool products have fixed terms. Some products support early redemption, with the redemption amount returned to the Spot account on the next day (UTC) after the redemption request. The products are automatically redeemed upon maturity, with the redemption amount returned to the Spot account on the next day (UTC) after product maturity date.

Question 3

How are Launchpool's daily earnings calculated?

Accepted Answer

The total daily rewards distributed from the Launchpool prize pool are fixed. At the end of each day (UTC), a user's share of the pool is calculated based on their holdings as a proportion of the total pool holdings. Rewards are then distributed proportionally. User's Daily Earnings = Total Daily 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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