Binance frequently lists new projects via **Launchpool**, allowing users to stake BNB or other tokens to farm newly listed tokens. If you're asking about **SXT** (the native token of SX Network, a blockchain for prediction markets and sports betting), here's what you need to know:
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### **SXT on Binance Launchpool (Example Structure)**
*(Note: Always check Binance’s official announcements for real-time details, as terms may change.)*
1. **Key Details**
- **Farming Period:** Typically 4–7 days (e.g., June 21–27, 2024).
- **Supported Pools:** Stake BNB and/or FDUSD to earn SXT rewards.
- **Total Rewards:** Often millions of tokens (e.g., 12,500,000 SXT allocated).
2. **How to Participate**
- **Step 1:** Log in to your Binance account and navigate to **Launchpad & Earn** > **Launchpool**.
- **Step 2:** Choose the pool (BNB or FDUSD) and stake your tokens.
- **Step 3:** Earn SXT rewards proportionally based on your stake and pool size.
- **Step 4:** Rewards are distributed hourly and can be claimed anytime during the farming period.
3. **Token Utility**
- SXT powers the SX Network ecosystem, used for:
- Governance voting.
- Transaction fees on the SX blockchain.
- Access to prediction markets and sports betting platforms.
4. **Listing Date**
- After the farming period ends, SXT will be listed on Binance for spot trading (e.g., June 27, 2024).
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### **Important Notes**
- **APY Estimates:** Rewards depend on total staked tokens in each pool (higher participation = lower APY).
- **Flexible Staking:** You can unstake tokens at any time.
- **Risks:** Crypto markets are volatile; rewards fluctuate with token price.
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### **How to Verify**
1. Check Binance’s official announcement:
- [Binance Launchpool Announcements](https://www.binance.com/en/support/announcement/catex)
2. Look for the SXT campaign in the Binance app under **Earn** > **Launchpool**.
