AscendEX Launchpool

With AscendEX Launchpool, users can deposit tokens to receive new tokens. Deposited tokens can be redeemed anytime with no fees. After redemption, deposited tokens will be credited to users’ account immediately.

Users need to verify their accounts before participating in Launchpool. Please note, users cannot participate using their sub-accounts.

1. Early-Bird Period

Early-bird period is the first six hours of the mining period. All rewards in the early-bird period will be distributed after the conclusion of the campaign. If users withdraw their assets during the early-bird period, they will be disqualified from receiving the corresponding rewards. (For example, if user A deposited assets at 10:00 a.m., the starting of farming, the total farming rewards user A earned in the past six hours will be distributed to user A’s account at 4:10 p.m.)

2. Farming Period

When the early-bird period concludes, the farming period begins. The rewards generated during the farming period will be calculated and distributed every one hour. Take depositing ASD as an example: new tokens a user can earn every one hour = (the user’s ASD deposit amount / total ASD deposit amount on AscendEX) * new token issuing amount every one hour.

During the farming period, users must manually claim their farming rewards on the Launchpool page after the rewards are distributed. For users who didn't claim the rewards, the rewards will be credited to users' cash accounts after the end of the farming period.

Yes. Users can redeem their assets right after they are deposited. The redeemed assets will be credited to users’ accounts immediately. No fees will be charged for deposit and redemption.

After the conclusion of farming, users’ deposited tokens and farming rewards will be credited to their cash accounts.