How to participate in Phemex Launchpad？
1. Confirm your account balance (Calculation Period)
We will tally your account balance during the Calculation Period. Every day during this period, we will calculate the daily average USDT balance in your spot account, contract account, and investment account.
- Within your investment account, USDT staked in Fixed/Flexible Staking and Launchpool will be automatically counted.
- For your contract account, the wallet balance will be counted and may be affected by your realized P&L. Trading bonuses within your contract account will not be counted.
Over the Calculation Period, your daily average balance of USDT will be rounded up to the nearest integer and must be equal to or greater than a certain minimum amount. Details can be referred to on the specific launchpad project page.
2. Subscription Period
You can freely subscribe by committing USDT within the subscription limit, and your subscription amount will be locked in Launchpad until the final, total subscription amounts are determined.
3. Allocation Period
Each user’s token allocation will be calculated upon the end of the subscription period. The allocation is determined based on the amount of USDT committed by each user during the subscription period, though it’s limited by the specific project’s Max Individual Allocation.
4. Token Distribution Period
After confirming your token allocation and deducting your subscription fee in USDT, we will return any remaining USDT to you. Both your USDT and Launchpad tokens will be automatically transferred to your spot wallet.
How long will I lock my USDT?
Your USDT subscription amount will be locked during the subscription period and the allocation period. Specific schedule details can be referred to on a specific launchpad project page.
How is the launchpad token allocation determined?
The launchpad token allocation is determined based on the amount of USDT committed by each user during subscription, but is limited by the specific project’s Max Individual Allocation.
What’s the maximum amount of USDT calculated for launchpad token during Calculation Period?
There is no maximum limit of USDT in your account balance. The more USDT you have in your account, the higher chance you have on the launchpad token allocation.
What’s the maximum amount of USDT I can commit?
Everyday your USDT assets in spot wallet, contract account, and investment account will be counted, and the final daily average USDT amount during this period will be your maximum commitment. Daily average USDT will be tallied and updated every day at 5:00 UTC.
Where is my committed USDT locked during the subscription and calculation phase?
Your committed USDT will be locked into a separate spot wallet during the subscription period after you commit. You can commit your USDT anytime during the subscription period.
