Get in early on Stepwatch through Phemex Launchpad.
There’s another hot new project that will be taking off on the Phemex Launchpad!
This time, the featured project is the innovative move-to-earn platform Stepwatch and its native SWP token.
The token sale for SWP will adhere to Phemex’s standard Launchpad subscription format and Phemex’ll start recording user USDT balances starting at 23:00 UTC on July 6, 2022.
Here is how to get started:
- Buy or deposit USDT to increase your assets. The more USDT you hold, the greater your maximum commitment and potential token allocation.
- The final daily average amount will be your maximum commitment limit.
- Launchpad subscription requires KYC. Complete KYC verification ahead of time to avoid any issues. Click here to complete KYC verification.
- Your allocations can be reviewed in Launchpad History.
StepWatch is a WEB3 fitness and health tracking mobile application that incorporates NFT Move-To-Earn and social networking elements.
Get started on Phemex Launchpad
How does the Launchpad’s Calculation Period work?
The Calculation Period is the first stage of a new launchpad project going live.
Phemex will tally your account balance during the Calculation Period.
Every day during this period, Phemex will calculate the daily average balance of a designated asset (usually USDT, though this may change depending on the specific Launchpad project) in your spot account, contract account, and investment account.
Within your investment account, assets 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 the designated asset 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.
How does the Subscription and Allocation Period work?
The second stage of a launchpad project is the Subscription Period.
During this time, you can freely subscribe by committing the designated asset (usually USDT) within the subscription limit, and your subscription amount will be locked in Launchpad until the final, total subscription amounts are determined.
Allocation Period comes after the Subscription Period ends.
Each user’s token allocation will be calculated upon the end of the subscription period.
The allocation is determined based on the amount of designated asset committed by each user during the subscription period, though it’s limited by the specific project’s Max Individual Allocation.
How does the Token Distribution Period work?
During the final stage of the launchpad, you will actually receive the project tokens.
After confirming your token allocation and deducting your subscription fee, Phemex will return any remaining designated assets to you.
Both your designated assets and Launchpad tokens will be automatically transferred to your spot wallet.
Your 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.
Get started on Phemex Launchpad
How is the launchpad token allocation determined?
The launchpad token allocation is determined based on the amount of designated asset committed by each user during subscription, but is limited by the specific project’s Max Individual Allocation.
There is no maximum limit of the designated asset in your account balance.
The more designated asset tokens (such as USDT) you have in your account, the higher chance you have of receiving greater launchpad token allocation.
What’s the maximum amount of Designated Assets I can commit?
Everyday your designated assets in spot wallet, contract account, and investment account will be counted, and the final daily average amount during this period will be your maximum commitment.
Daily average designated asset amount will be tallied at 0:00 UTC and updated every day at around 5:00 UTC, though delays may sometimes occur.
Your committed assets will be locked into a separate spot wallet during the subscription period after you commit. You can commit your designated assets anytime during the subscription period.
Get started on Phemex Launchpad
Please check Phemex official website or contact the customer support with regard to the latest information and more accurate details.
Phemex official website is here.
Please click "Introduction of Phemex", if you want to know the details and the company information of Phemex.
Comment by Hans
April 24, 2024
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