Launchpool 4: $LTP - Rules, Tutorial, and FAQ

FAQ

1. What is Launchpool, and how does it work?

   Launchpool is a feature that allows users to lock specific tokens and earn rewards in the form of tokens. By participating in Launchpool, users earn the other tokens without the need to purchase them directly. Users lock their tokens in one or several pools and, in return, receive reward tokens, which are distributed periodically.

2. Who can participate in Launchpool?

   Any user holding the eligible lock tokens can participate in Launchpool. The lock tokens and reward tokens may vary depending on the campaign. Please note that participants are responsible for covering gas fees when locking tokens and claiming rewards.

3. What is the minimum amount of tokens needed to participate in Launchpool?

   The minimum lock amount is $1. Please note that there is a risk of no reward for amounts under $1. You can lock any amount of the eligible tokens, and the rewards will depend on the amount locked and the duration.

4. When can I unlock my tokens in the pool? 

   Tokens will be locked for 3 days (72 hours). Please note that the 3-day locking period starts from the moment the tokens are locked, and is not related to the campaign's start or end times.

5. Can I remove my locked tokens before the Launchpool campaign ends?

   If you lock your tokens in during a on-going Launchpool campaign, you need to experience the lock 3 days(72 hours) period, even though the Launchpool campaign ends. If you have not unlocked your tokens from a previous campaign that uses the same contract, you may be able to unlock them even before the new campaign ends, provided the initial lock period has passed. Here’s how it works:

   For instance, if you participated in Campaign A and locked your tokens on January 1st 2025, Campaign A would distribute rewards until January 4th 2025, and you could choose to unlock your tokens on January 4th 2025, or keep them locked. If Campaign B begins on January 10th 2025, and you choose to unlock your tokens on January 11th 2025, you would receive rewards for Campaign B only up to that point. Even though Campaign B continues until January 14th 2025, you would have unlocked your tokens before its end.

6. How are rewards calculated in Launchpool?

   Rewards are calculated based on the amount of tokens locked, the duration of the lock, and the total pool size. The earlier and more you lock, the more rewards you can earn. Each campaign will specify the reward distribution ratio, and rewards are typically distributed periodically (e.g., every 8 hours).

   Example Calculation:

   Your reward = (Total reward / (Campaign duration in hours / Distribution interval)) / Total locked tokens * Your locked amount

7. When can I claim my rewards?

   Rewards are distributed at regular intervals (e.g., every 8 hours). After each distribution, users can claim their rewards at any time. However, if you join the campaign later, you will miss out on the rewards from earlier distribution cycles.

8. What happens if I don’t unlock my locked tokens after the campaign ends?

   For TWT, If you don’t unlock after the campaign ends, they can automatically roll over into the next session, giving you an early opportunity to earn rewards in the next round. Otherwise, you will need to manually unlock your tokens after the campaign concludes.

9. Are rewards the same across different locked pools?

   If there are multiple pools in one campaign, each lock pool may have a different reward ratio. For example, if there are two pools in a campaign, one might offer 60% of the total rewards, while the other offers 40%. The rewards for each user will depend on the amount of tokens locked in the chosen pool and the overall reward structure for that campaign.

   If there is only one pool, all the rewards will be applied to that pool.

10. What are the risks of participating in Launchpool?

    Launchpool generally involves lower risk since you retain your locked tokens while earning rewards. However, gas fees may apply when claiming rewards, and there’s always the risk that the value of reward tokens or locked tokens could fluctuate based on market conditions.

11. Are there any fees associated with participating in Launchpool?

    There are no direct fees for participating in Launchpool. However, participants will need to pay network (gas) fees when locking tokens and claiming rewards. The amount of gas fees will depend on the blockchain network used for the campaign (e.g., BNB for Binance Smart Chain).

12. When will the reward token be listed on exchanges?

    The listing of reward tokens on exchanges depends on the project behind the reward token. Some reward tokens might already be listed, while others may be listed after the campaign. Each campaign will provide details regarding the status of the reward token.

Terms & Conditions

• To participate in Launchpool, users must use the latest version of the Trust Wallet app to ensure access to all features, including Launchpool. Download the latest of version of Trust Wallet here

• Participation is subject to applicable laws and regulations in the user’s region. Users must comply with all legal requirements in their jurisdiction to be eligible for the Launchpool campaigns. Refer to the Eligibility section in Trust Wallet’s Terms of Service for more information on restricted regions and jurisdictions.

• Trust Wallet reserves the right to disqualify and revoke rewards for participants engaging in dishonest, abusive, or fraudulent activities during the Launchpool campaign. Examples include, but are not limited to, creating multiple accounts to exploit bonuses, using the same IP address or device for multiple registrations, or participating in unlawful activities.

• In cases of disqualification, Trust Wallet reserves the right to revoke any rewards earned and remove the user's participation in the campaign.

Disclaimer

• Trust Wallet does not guarantee the listing, liquidity, or value of the reward tokens distributed through Launchpool campaigns. Participation in Launchpool and the resulting rewards are subject to market risks, and users should understand that token values can fluctuate.

• Trust Wallet will not be held responsible for any losses incurred as a result of participating in Launchpool, including but not limited to market risks, token devaluation, or gas fees associated with transactions.