The following is a list of FAQs on AscendEX’s Launchpool. Please refer to the FAQs if  you any difficulty.

 

1.     Where to find the newly launched Launchpool projects?

AscendEX’s Launchpool carefully selects and lists premier projects. You can navigate to AscendEX’s Launchpool interface, or click on “Finance - Launchpool” on AscendEX’s official website or open AscendEX’s App to enter the Launchpool interface to view.  

 

2.     How long will a farming period be in a Launchpool project?

The length of a farming period in a Launchpool project varies depending on the conditions of the specific project. You can view the specific farming period of the project on AscendEX’s Launchpool interface before engaging in farming.

 

3.     Are there any restrictions for participating in Launchpool projects?

Yes. Users need to have a verified account to be eligible to participate in a Launchpool project. Sub-accounts cannot participate as an independent account.

 

4.     Are there any restrictions on the amount of deposit tokens?

Yes. There is a lower limit for the amount of deposit tokens. You can view under the Deposit Amount field before starting farming.

 

5.     Are there time restrictions for participating in Launchpool projects?

No. You can deposit your assets to participate in a Launchpool project anytime throughout the farming process of the project. According to the rewards distribution mechanism of Launchpool, the earlier you take part in farming, the higher chance of earning high profits. It’s recommended that you deposit as soon as possible to earn larger profits.

 

6.     Are there time restrictions for redemption of assets?

No. You can redeem the assets you deposited to a Launchpool project anytime throughout the entire farming process of the project. If you do not redeem your assets during the farming period, the system will automatically send your deposits and unclaimed rewards to your cash account.

 

7.     Are there any fees for deposits and withdrawals of assets?

No. There are no fees for deposits and withdrawals of assets invested in Launchpool projects.

 

8.     How are rewards distributed?

The rewards distribution of a Launchpool project is divided into two periods: the early-bird period and the farming period. The rewards earned during the early-bird period are distributed after the end of the period. The rewards earned during the farming period are distributed on an hourly basis.

 

9.     What is the early-bird period?

The early-bird period takes place during the first 6 hours after a Launchpool project is launched. If the farming period starts at T, the early-bird period is between T and T+6 hours.

 

10.  What is the farming period?

The farming period runs from the end of the early-bird period to the conclusion of the farming project.

 

11.  Do users need to claim their reward manually?

Yes. Uses need to claim their rewards manually, which will immediately credit to their cash accounts once being claimed. If users do not claim their rewards manually, the total farming rewards will be automatically distributed to their cash accounts after the conclusion of the farming project.

 

12.  How to view farming rewards?

For PC clients, users can enter the detail page of the farming project to view their rewards by clicking on “Launchpool History”, or navigate to the Investment History interface on AscendEX’s official website to view details.

For more details, please refer to the following documents:

How to Check Your Launchpool Earnings? 【PC】

How to Check Your Launchpool Earnings? 【App】

 

13.  What is an available balance?

An available balance refers to the maximum amount of deposit tokens allowed to invest in the current Launchpool project.

For instance, if your available balance is 100 ETH, it means that you are allowed to deposit a maximum of 100 ETH to participate in the farming project.

 

14.  Can claimed rewards be used for trading?

Yes. As long as the reward tokens users earned from a Launchpool project have been listed on AscendEX, they can directly use their rewards for trading. If not, please wait until the tokens are listed on the platform. Please claim your rewards manually on a daily basis to ensure you don’t miss out the chances of winning during the farming period.

 

15.  Can the tokens deposited to Launchpool projects be used for trading?

No. The tokens deposited to Launchpool projects will be deducted from users’ cash accounts once they start farming, and will be locked up in their investment accounts, restricted from trading temporarily. The assets can be used for trading once they are refunded to users’ cash accounts after the conclusion of the farming project.