WEEX WE-Launch Rules | WEEX Help Center

WEEX WE-Launch Rules

By: WEEX2_Lydia

2024/04/15 06:34:14

Dear WEEXer,

Launchpool has been updated and rebranded. Introducing WE-Launch—soon to go live! Read this article to better understand the WE-Launch event rules.

WE-Launch

1. What is WE-Launch?

WEEXers can get free airdrops from events on WEEX, and WXT holders stand to win free tokens from WE-Launch events.

2. How do I participate? How does it work?

Step 1: Hold WXT to be eligible

Hold at least 300 WXT in your spot account.
You will not be eligible to participate if the snapshot of your spot account WXT holdings falls below 300 WXT on any of the 2 consecutive days.
Locked coins will not be included in the amount that can be committed.

Refer to the specific rules on the relevant event page for more details.

Step 2: Commit WXT and designed project token

Commit WXT and designed project token within the commitment period if you're eligible to participate in a WE-Launch event. The committed amount will only be used for reward calculation and your WXT tokens and designed project token will not be frozen.

Step 3: Reward calculation

The airdrop reward for each participant is calculated after the commitment period. A tiered system is used to calculate the rewards. Simply put, the more you commit, the greater the rewards. Reach a higher tier to get better rewards!

* Estimated rewards = the user's valid committed amount ÷ valid committed amount of all users × total prize pool.

* The user's valid committed amount = committed amount × commitment multiplier of the corresponding tier.

Step 4: Reward distribution

The corresponding tokens will be distributed to your WEEX spot account per the event rules.

3. How is the minimum WXT holdings for N consecutive days calculated?

The lowest value within the last 2 days will be used in the calculation. This lowest value is taken from the snapshot that records the lowest value of that day.

(1) The lowest value from the day's snapshots day will be used. The snapshots are daily records of WXT amounts held in the spot account balance.

Three snapshots will be taken at random points of time each day.

For example, the values recorded in the three snapshots of a day are 300, 2000, and 3000, respectively. The lowest value of the three snapshots is 300, and this value will be used in the calculation.

(2) Snapshots will end on the day before the event ended, in UTC+8 time zone.

(3) The minimum WXT holdings for 2 consecutive days = the lowest amount in the snapshots for the last 2 consecutive days.

Let's assume that the lowest WXT amounts recorded in snapshots over each of the 2 days are 50, 500, 100, 200, and 300. This means your lowest WXT holdings over these 2 consecutive days is 50 WXT.

4. How do I calculate the WXT amount that I can commit?

A user, if eligible, can commit a minimum of 300 WXT and a maximum of 500,000 WXT.

(1) If your lowest WXT amount held over 2 consecutive days is less than 300 WXT, the amount you can commit is 0 and you will not be able to participate.

(2) If your minimum WXT amount held over 2 consecutive days is greater than 300 WXT but lower than 500,000 WXT, the WXT amount you can commit will be the lowest value recorded in the snapshots over the 2 consecutive days.

(3) If the minimum amount of WXT held in your spot account over 2 consecutive days is greater 500,000 WXT, the amount you can commit is 500,000 WXT.

5. Which account should I hold my WXT in to participate in WE-Launch events?

Your spot account.

6. Do I have to pay to participate in WE-Launch projects? Are there any transaction fees?

Participation in free airdrop projects does not require any payment or transaction fees.

7. Does participation guarantee that I will receive tokens?

Yes, you are 100% guaranteed to receive airdrops when you participate in WE-Launch.

8. Does WE-Launch distribute rewards on a first-come, first-served basis?

No, the rewards are calculated when the project event ends, and rewards are based on the number of participants and their committed WXT amounts.

9. Is a deposit required to participate in WE-Launch projects?

No deposit is required for airdrop projects.

10. How many times can I participate in WE-Launch?

WEEXers who have completed KYC verification can participate in each WE-Launch event once. Note that WEEXers can participate in multiple ongoing WE-Launch project at the same time.

11. When will I receive the airdrop token from participating in WE-Launch projects?

The final distribution results will be announced before trading begins. Check the project page or the distribution records for information on the airdrop.