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BingX Launchpool is about to list AUSD (AUSD). Agora's first product, AUSD, is a fully reserved US digital dollar that is redeemable 1:1 for US dollars. Unlike traditional 1:1 stablecoins like USDC or USDT, Agora's open partnership model enables exchanges, custodians, dApps, and other ecosystem partners to actively drive AUSD adoption and participate in its growth. We recognize that these partner businesses are the true driving force behind the utility and liquidity of digital dollars, as they develop applications, facilitate transactions and collateralization, and promote user adoption.
AUSD Launchpool Schedule:
Project Announcement Time: 2024-12-09 07:00 to 2024-12-12 06:59 (UTC)
Staking Time: 2024-12-12 07:00 to 2024-12-17 07:00 (UTC)
Listing Time: 2024-12-17 10:00 (UTC)
AUSD Launchpool Details:
Participation Mode: Individual Staking Limit
Type of Prize Pool | Individual Staking Limit | Prize Pool Allocation |
USDT Prize Pool | 10,000 USDT | 52,500 AUSD |
BTC Prize Pool | 0.1 BTC | 67,500 AUSD |
USDT Prize Pool (New User Exclusive) | 2,000 USDT | 30,000 AUSD |
- New User Exclusive applies to users who created their BingX account after 2024-12-09 at 07:00 (UTC). These users are eligible to participate in an additional USDT prize pool and share the Futures Trial Fund.
- Ensure your app is updated to version 4.31.0 or above for the best experience. If you're participating via our website, this won't be an issue.
Token Ticker: AUSD
Project Type: Stablecoin
Contract Info:
- ERC-20: https://etherscan.io/token/0x00000000eFE302BEAA2b3e6e1b18d08D69a9012a
- AVAX: https://avascan.info/blockchain/c/token/0x00000000eFE302BEAA2b3e6e1b18d08D69a9012a
Website: https://www.agora.finance/
Event Rules:
There are four core stages in BingX Launchpool: token staking, reward calculation, reward issuance and Spot listing.
I. Token Staking
- Log in to your BingX account and ensure you've completed advanced KYC verification. Users in restricted regions won’t be able to join Launchpool.
- During the staking stage, stake the corresponding token between 2024-12-12 at 07:00 and 2024-12-17 at 07:00 (UTC) to join the Launchpool.
- Your staked tokens can be retrieved from the Launchpool project at any time.
II. Reward Calculation
- This Launchpool will follow the Individual Staking Limit mode. Each prize pool comes with staking limits. Be sure to check the project announcements and the Launchpool page for details before participating.
- Three snapshots of each participating user's staked tokens will be taken every hour to determine the amount staked during that hour and allocate rewards accordingly. Here's the calculation formula:
- Hourly Reward = (User's average hourly staked token amount ÷ platform's average hourly staked token amount) x (daily reward limit ÷ 24)
- Hourly Reward = (User's average hourly staked token amount ÷ platform's average hourly staked token amount) x (daily reward limit ÷ 24)
III. Reward Issuance
- Launchpool rewards are issued to participating users hourly. The system calculates the hourly rewards for users based on their "daily reward limit", ensuring all participants receive their fair share of rewards.
- If User A stakes at time T, the system will issue the reward at T+1. (For instance: User A stakes at 10:00, and the system has taken three snapshots of the User A's staked amount during that hour. User A will receive the staking rewards at 11:00.)
IV. Spot Listing
- AUSD/USDT will be listed on Spot Trading on 2024-12-17 at 10:00 (UTC).
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After the AUSD Launchpool, your staked tokens will be automatically returned to your Fund Account.
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There may be some delay in the returning the staked funds due to the increased number of participants. We appreciate your patience.
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- During the AUSD Launchpool staking period, new users who stake ≥ 100 USDT in the USDT prize pool (New User Exclusive) for 72 consecutive hours (3 days) without unstaking will earn a 10 USDT Futures Trial Fund Voucher. Limited availability, first-come, first-served.
- The Futures Trial Fund is issued in the form of voucher and then credited to Futures Account in the form of tradable assets after redemption. It comes with 50% offset ratio, can be used as margin in conjunction with users' own assets, and can also be used to offset trading losses. It cannot be used to offset trading fees.
Notes:
- It is strictly prohibited to use multiple accounts or other prohibited methods to participate in this event. Any violations will result in account disqualification and forfeiture of rewards.
- The Futures Trial Fund will be issued to "My Vouchers" within 7 working days after the AUSD Launchpool concludes. Please check it in your account.
- BingX reserves the right to the final interpretation of the event.
See Also:
BingX Launchpool Introduction & User FAQ (Individual Staking Limit Mode)
Terms & Conditions:
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Participants are required to complete advanced KYC verification to eligible for the event.
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All non-individual accounts, such as market makers and brokers, cannot participate in the Launchpool.
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Any users involved in illegal or malicious activities, such as fraud, participating with multiple accounts, reward farming, will be disqualified and have their rewards revoked.
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BingX reserves the right to the final interpretations of this event, including any modifications, updates to terms, or cancellations.
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BingX will assist users in handling issues related to Launchpool. For any questions, please reach out to our online support for assistance.
- The project information, launch plan, and more are provided by the project team. BingX will notify any changes made during the event in a separate announcement.
Risk Warning:
Cryptocurrencies are highly volatile and subject to various risks, including market, project, technical and compliance-related uncertainties. Therefore, you may experience potential investment losses due to high volatility and various risks associated. Exercise caution, stay informed on the potential risks and invest prudently.