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Binance Savings
Binance LaunchPool FAQ
2020-09-06 14:03
1. If the user is already a BNB Flexible Savings user, how to participate in LaunchPool?
Answer: To participate, you just need to make one more transfer of any amount to BNB Flexible Savings. Click here for details
2. What are the two types of income referred to by Binance LaunchPool "dual income"?
Answer: "Dual income" refers to Flexible Savings interest conjunction with LaunchPool rewards.
3. If my BNB is still in Defi staking, do I need to redeem and transfer the BNB into Flexible Savings to participate in the LaunchPool?
Answer: Yes. The BNB in Defi staking lockup will not participate in the LaunchPool. You need to redeem and transfer it to Flexible Savings to participate in the LaunchPool. How to use Binance LaunchPool.
4. Is there a T+1 redemption period for LaunchPool?
Answer: No, it is instead, T+0.
5. Can I participate in the LaunchPool on the Binance mobile app?
Answer: Yes, you can. The LaunchPool label/logo will be displayed in the mobile app soon. And you will be able to participate in the LaunchPool on mobile app. Binance mobile app is equivalent to Binance desktop site.

6. What’s the calculation & distribution rules?
Staked BNB balances will be recorded each hour for 30 days after the staking period begins to calculate a daily average BNB balance. Rewards allocated to each pool will be split evenly every day, over the 30 day period. The BNB pool will reward a total of 4,500,000 / 30 = 150,000 BEL tokens to BNB stakers per day.
For example:
The daily staking quantity of the BNB LaunchPool is: 150,000 BEL.
User A transfers 5,000 BNB to the BNB LaunchPool after the staking activity starts, then takes it out after holding the position for 12 hours. During this one day, the average daily holding of the BNB in the LaunchPool is 100,000 BNB, the total of user A for this 1 day is: ((5,000 x 12 / 24) / 100,000) x 150,000 = 3,750 BEL.
7. How to check the record of participation and how to redeem?
Answer: After logging in to your binance account, click 【Wallet】-【Savings】- 【Flexible】to check and operate.
8. When does the "dual income" start?
Answer: When staking starts, T+0 counts as the first day of staking, however, T+1 distributes income of T+0. Please refer to "Question 6: What’s the calculation & distribution rules?”.
Savings income, like any other Binance Savings income, no interest on the day of deposit/transfer, interest calculation starts on the T+1, and distributes on T+2.

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