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Announcements > News > Farm FND by Staking FND on the Phemex Launchpool! >

Farm FND by Staking FND on the Phemex Launchpool!

Author: Alan W. Date: 2022-10-25 08:56:31

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Dear Users,

Phemex will be releasing our Launchpool for FND tokens at 12:00 UTC on October 27, 2022. You’ll be able to stake FND to farm FND tokens and earn high returns! This launchpool project will last for 14 days.

 

Project Details

Rare FND provides a platform for charities and startups to launch crowdfunding campaigns to raise funds. Using FND as the fundraising token, Rare FND is able to help crowdfunding campaigns reach their target quicker through automated staking.

  • Token Name: FND
  • Total Reward Pool:1,600,000 FND
  • Start Time: 12:00 UTC on October 27, 2022
  • End Time: 12:00 UTC on November 10, 2022
  • Period: 14 Days
  • Terms: KYC verification required and no limitations
  • Minimum Staking Amount: 0.01 FND

Project Rules:

  • Every hour, Phemex takes the minimum staking assets of launchpool project’s participants as valid deposit assets, and calculates rewards based on this.
  • Assuming you stake token α to earn new token β, your hourly earnings (β) = (the amount of α you staked in the α pool / the total number of α staked in the α pool by all participants) * β per hour prize pool. Exact earnings will be based on the amount sent to your spot wallet.
  • Each pool’s annual percentage yield (APY) and total pool balance will be updated every hour.
  • Users can lock and unlock FND at any time during the campaign. You can check your reward tokens in your spot wallet. (updated every hour)
  • You will only receive rewards of ≥ 0.00000001 FND, please note that the rewards you earn may be delayed to your account.
  • When all tokens in the pool have been mined, assets of all participants will automatically return to their spot wallets. However, unclaimed rewards must be manually claimed on the Launchpool page.

Note:

  • The following actions will result in immediate disqualification:batch account registration, profits from market manipulation, self-dealing or wash trades.
  • Phemex reserves the right to make any final, binding amendments to these terms.

For any inquiries contact us at support@phemex.zendesk.com
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