Dear Users,

Phemex is launching the first phase of Launchpool at 10:00 UTC on March 08, 2022. You can stake VPAD to farm VPAD tokens. This launchpool project will last for 3 days.

Project details:

VLaunch is a multi-chain launchpad backed by some of the most prominent thought leaders in the blockchain space. VLaunch is focused on creating value for upcoming projects and communities through active engagement with over 180 top influencers in the profession.

• Token Name: VPAD (Vlaunch)
• Total Supply: 1,000,000,000 VPAD
• Circulating Supply: –
• Total Reward Pool: 88.88 VPAD
• Start Time: March 08, 2022 10:00:00 UTC
• End Time: March 11, 2022 09:00:00 UTC
• Period: 3 Days
• Terms: KYC certification required and no limitations
• Minimum Staking Amount: 1VPAD

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 VPAD 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 ≥ 0.0001 VPAD, please note that the rewards you earn may be delayed to your account.
• Tokens staked in each pool will be automatically transferred to each user’s spot accounts at the end of each farming period. Any unclaimed rewards must be manually claimed.
• 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.