1. How can we participate? How does the new format work?
- Step 1: Calculate your participation limit
Your participation limit will be determined by your average BNB balance over a set period of days. You do not need to stake or do anything additional with your BNB during this period.
- Step 2: Commit BNB
Once your participation limit is determined, you will be able to commit and lock any amount of BNB up to your participation limit to receive Launchpad tokens.
- Step 3: Calculation
Once the BNB commitment period is over, we will calculate each user’s token allocation for around 1 hour.
- Step 4: BNB is deducted for Launchpad tokens
Once each user’s final allocation is determined, a portion of your locked BNB will be deducted for Launchpad tokens. Both your BNB and Launchpad tokens will be automatically transferred to your spot wallet.
2. Will BNB in Launchpool or BNB Vault count towards my participation limit calculation?
Yes, the average BNB calculation is the same as the previous Launchpad lottery format. You can keep your BNB in Launchpool or BNB Vault and still have the amount count towards your participation limit. For a list of all accounts where BNB balances will be recorded, please refer to this article here.
3. When do I need to commit my BNB?
Users only need to commit their BNB during the subscription period, which is after the average BNB calculation period. Please refer to the project page or announcement for specific dates and times of each period.
4. What does the hard cap per user mean?
The hard cap means the maximum amount of Launchpad token allocation each user can receive. It does NOT mean the maximum amount of BNB that you can commit. For a detailed example of the hard cap being implemented, please refer to this article here.
5. Is my BNB locked during the daily average BNB calculation phase?
No, your BNB can be in any of the accepted accounts listed here during the calculation phase and is not locked.
6. Where is my committed BNB locked during the subscription phase?
Your BNB will be locked into a separate Launchpad wallet during the subscription period after you commit. You can lock your BNB at any time during the subscription period, even within the final 30 minutes, if you are worried about not having access to your BNB after it is committed.
7. Can I commit my BNB even if my BNB is in Launchpool or BNB Vault?
While you may leave your BNB in Launchpool or BNB Vault to count towards your participation limit, you will need to redeem your BNB from Launchpool and/or BNB Vault to your spot wallet during the subscription period to actually commit BNB.
8. Is there a minimum amount of BNB I can commit?
The minimum amount of BNB that can be committed is 0.1 BNB.