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Farm NEAR by Staking USDT, USDC, and NEAR on the Phemex Launchpool!

Author: Alan W.

Dear Users,

Phemex will be releasing our Launchpool for NEAR tokens at 10:00 UTC on June 29, 2022. This time, you’ll be able to stake three different types of tokens – USDT, USDC, and NEAR – to farm NEAR tokens and earn high returns! This launchpool project will last for 14 days.

Project Details

NEAR is a high-performance public chain based on the proof-of-stake consensus mechanism. It is a development platform for the release of next-generation decentralized social, financial, game and other applications. In addition to high performance, NEAR has gained the trust and support of A16Z, Pantera, DCG, Coinbase, Dragonfly, Baidu Ventures and other institutions to jointly build an open ecosystem and serve global developers and users.

  • Token Name: NEAR
  • Near Protocol Website & Whitepaper
  • Total Reward Pool: 4,000 NEAR
  • Start Time: June 29, 2022 10:00:00 UTC
  • End Time: July 13, 2022 10:00:00 UTC
  • Period: 14 Days
  • Terms: KYC verification required and no limitations

Staking USDT:

  • Reward Pool: 1,000 NEAR (25% of total)
  • Minimum Staking Amount: 0.01 USDT

Staking USDC:

  • Reward Pool: 1,000 NEAR (25% of total)
  • Minimum Staking Amount: 0.01 USDC

Staking NEAR:

  • Reward Pool: 2,000 NEAR (50% of total)
  • Minimum Staking Amount: 0.01 NEAR

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 USDT, USDC, and NEAR 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 NEAR, 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.


  • 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.

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