How to Get Started with Binance Japan Launchpool?

What is Binance Japan Launchpool?

Binance Japan Launchpool allows users to stake their BNBs in Simple Earn to get additional rewards at no extra cost.

How to participate in a new Launchpool project?

We will notify you when a new Launchpool project is about to go live. To be eligible for additional Launchpool reward, you should stake BNB in Simple Earn Locked Staking. To maximize your rewards, you should stake as much BNB and for as long a duration as possible during the campaign period.

Once the campaign period ends, you will receive your rewards in BNB directly. The launchpool tokens will be converted to BNB using the prevailing market rates. The more BNB you stake and for a longer duration during campaign period, the more likely you are to receive a higher reward. Frequently Asked Questions

1. What is Binance Japan Launchpool and how does it work?

Binance Japan Launchpool allows users to lock their BNBto get extra rewards at no extra costs. Users will earn additional Launchpool rewards on top of the regular staking rewards for staking their BNBs in Simple Earn.

After staking in Simple Earn during the Launchpool period, you may be entitled to the Launchpool rewards. The Launchpool rewards will be converted to BNB and sent to you directly.

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2. Who can participate in Binance Japan Launchpool?

All users who have passed Binance Japan identity verification are qualified to participate.

3. How to participate in Launchpool?

Users must stake their BNB in Binance Japan Simple Earn during the campaign period to be eligible. After the campaign ends, we will look at those who have staked BNB during the campaign period and distribute rewards to you. If you only staked a minimum amount, or only for very briefly, your rewards might be rounded to 0 in which case you will not receive anything.

4. What is the minimum amount of token for locking in a Launchpool?

You need to lock a minimum of 0.05 BNB token in simple earn locked staking to participate in a Launchpool.

5. When will I receive my rewards?

You will receive your rewards once the Launchpool tokens are converted to BNB. This process may take several days to a few weeks to complete. Subsequently, we will convert the tokens to BNB and dispatch them to you.

6. Can corporate accounts participate in Launchpool?

Yes.

7. How are Launchpool rewards calculated?

Your rewards will be distributed according to the proportion of your locked BNB amount to the total locked BNB amount of all Binance Japan users during the campaign period.

The snapshots of BNB locked amounts are taken randomly every hour to calculate users’ hourly average locked amount. These hourly snapshots are then average out over the day to calculate users’ daily average locked amount. Based on the ratio of a user’s locked BNB as a proportion of total locked amount by Binance Japan users, the users’ entitled rewards will be determined.

8. Can I claim my rewards in advance?

Binance Japan Launchpool participants may not claim the rewards early before they are eventually dispatched to you.