Pre-launchpool is a groundbreaking product launched by BingX that lets you stake cryptocurrencies and earn reward points for hot tokens ahead of time. The latest Pre-launchpool will feature Magic Eden (point name: Pre-ME).

Magic Eden operates as a digital marketplace focused on the trading and purchasing of non-fungible tokens (NFTs). It distinguishes itself by fostering a community-centric approach, aiming to create an environment that not only facilitates transactions but also encourages user engagement.

 

Pre-launchpool Schedule:

Staking Time: 2024-11-14 07:00 to 2024-11-18 07:00 (UTC)
Points Redemption Time: TBD
Spot Listing Time: TBD

*Stay tuned for future announcements on the above TBD times.

 

Pre-ME Launchpool Details:

Prize Pool Allocation USDT Prize Pool 21,000 Pre-ME
  BTC Prize Pool 9,000 Pre-ME
Daily Reward Limit USDT Prize Pool 5,250 Pre-ME
  BTC Prize Pool 2,250 Pre-ME
Individual Staking Limit USDT Prize Pool 20,000 USDT
  BTC Prize Pool 0.35 BTC

 

Introduction to Pre-ME Points and ME Tokens:

Token's Point Name: Pre-ME
Preset Total Reward Points: 200,000,000
Redemption Token Name: ME
Actual ME Total Supply: TBD
Redemption Ratio: TBD
Website: https://magiceden.io
X: https://x.com/MEFndn

 

How to join BingX Pre-launchpool

There are four core stages in BingX Pre-launchpool: token staking, reward point calculation, reward point issuance and redemption of points for tokens.
Ensure you've completed advanced KYC verification before participating.

Token Staking

● During the staking stage, stake the corresponding token within the designated time to join the Pre-launchpool.
● To ensure the fairness for staking users in Pre-launchpool, all participants are subject to an individual staking limit and the staking limit varies for each event. Specific details will be explained in the announcement when the project goes live in Pre-launchpool.
● Your tokens can be unstaked from the Pre-launchpool project at any time.

Calculation of Reward Points

● To ensure fairness, Pre-launchpool will take multiple random snapshots of the assets staked by participants every hour. It will randomly select three snapshot amounts, calculate the average, and use that to determine the amount of tokens staked by the user during the hour. Rewards will then be issued based on the proportion of tokens staked. Here's the calculation formula:

Hourly reward points = (user's hourly staked token amount ÷ platform's hourly staked token amount) x (daily reward limit ÷ 24)

● User A stakes at time T, the system will calculate the reward point at T+1.

Issuance of Reward Points

● Points will be issued hourly based on calculation results, and you can view them in "History" of the Pre-Launchpool project page.
● After the Pre-launchpool project ends, your staked assets will automatically be returned to your Fund Account. You can view all the points earned in the project under My Points.

Redemption

● After the end of the Pre-launchpool project, BingX will redeem your points into tokens at a specific ratio. Please pay attention to official announcements for the exact timing of the redemption. The redemption can be calculated using the following formula:
Total tokens available for redemption = actual total supply of the token ÷ preset total amount of points x total reward points.
● In special cases, the token rewards from the Pre-launchpool points redemption may be credited to your Fund Account in multiple installments. Please keep an eye on official announcements for details.

 

Join Pre-launchpool now

(Ensure your app is updated to the latest 4.25.0 version, or you can participate via our website.)

 

See Also:

BingX Pre-launchpool Introduction & User FAQ

 

Terms & Conditions:

  1. Participants are required to complete advanced KYC verification to eligible for the event.

  2. All non-individual accounts, such as market makers and brokers, cannot participate in the Pre-launchpool.

  3. 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.

  4. BingX reserves the right to the final interpretations of this event, including any modifications, updates to terms, or cancellations.

  5. BingX will assist users in handling issues related to Pre-launchpool. For any questions, please reach out to our online support for assistance.

 

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.


BingX Operation Team
2024-11-12


BingX Official Channels
BingX Web: https://bingx.com
BingX Blog: https://blog.bingx.com
Telegram: https://t.me/BingXOfficial
X: https://x.com/BingXOfficial
YouTube: https://www.youtube.com/c/bingx
Risk Disclaimer
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material is for reference only and should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BingX is not responsible for any losses you may incur.
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