Phemex Blog
Phemex Crypto Blog: Learn the latest news, updates, and industry insights on bitcoin futures, bitcoin trading, crypto derivatives exchange, and related blockchain technology.
  1. Home
  2. Announcements
  3. News
  4. Farm SWP by Staking USDT, USDC, and SWP on the Phemex Launchpool!
All combobox arrow

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

Author: Alan W.

Dear Users,

Phemex will be releasing our Launchpool for SWP tokens at 8:00 UTC on July 13, 2022. You’ll be able to stake three different types of tokens – USDT, USDC, and SWP – to farm SWP tokens and earn high returns! This launchpool project will last for 14 days.

Project details:

StepWatch is a WEB3 fitness and health tracking mobile application that incorporates NFT Move-To-Earn and social networking elements. It is a place where you can get rewards through walking, jogging and going to the gym. You need a free Watch to participate in the Platform, or you need to purchase an NFT watch first. Walking, running, and physical training can then enable you to obtain Cryptocurrency and other NFTs in the Platform and the items you earned can be used for in-platform activities or can be traded on the platform.

  • Token Name: SWP
  • Stepwatch Website & Whitepaper
  • Total Reward Pool: 250,000 SWP
  • Start Time: July 13, 2022 8:00:00 UTC
  • End Time: July 27, 2022 8:00:00 UTC
  • Period: 14 Days
  • Terms: KYC verification required and no limitations

Staking USDT:

  • Reward Pool: 50,000 SWP (20% of total)
  • Minimum Staking Amount: 0.01 USDT

Staking USDC:

  • Reward Pool: 50,000 SWP (20% of total)
  • Minimum Staking Amount: 0.01 USDC

Staking SWP:

  • Reward Pool: 150,000 SWP (60% of total)
  • Minimum Staking Amount: 0.01 SWP

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 SWP 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 SWP, 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.

For any inquiries contact us at
Follow our official Twitter | Join our community on Telegram
Trade crypto on the go: Download for iOS | Download for Android
Phemex | Break Through, Break Free

Related Articles

Was this article helpful?