Coins Launchpool offers you the chance to receive rewards by locking in your cryptocurrencies and participate in early-stage projects. Check out the active Launchpool projects now on the Coins website and Coins app!
What is Coins.ph Launchpool?
Launchpool allows customers to receive airdrops of newly listed tokens on Coins.ph. Customers may be eligible to receive Airdrops by locking in tokens (USDT, ETH, etc.) for a short-term period.
What can I earn from the Launchpool?
As a reward for locking in your tokens, you’ll receive airdrop tokens hourly. These token rewards, including newly listed tokens, may vary for each new Launchpool project.
How much can I receive from Launchpool?
The amount of airdrop tokens you are rewarded will depend on how much tokens you lock relative to the accumulated total value of the pool. The bigger the lock-in amount, the bigger your rewards. Here’s the general computation of rewards:
Your Rewards = x Total Hourly Rewards x
(Quantity of Your Locked Tokens / Quantity of Total Locked Tokens of Launchpool Project)
How do you calculate the estimated APR?
Computation of estimated Annual Percentage Rate or APR is as follows:
Total Airdrops of the previous hour ÷ Total Locked Tokens of the previous hour ×
365 × 24 × 100%
When will I receive my airdrop tokens?
Airdrop tokens will be distributed hourly. When a user locks at hour H, the locked volume is calculated at hour H+1, and airdrop is distributed at hour H+2.
For example, if a user locks at 10:47 AM, the closed volume is confirmed at 11:00 AM, and airdrop is distributed at 12:00 PM.
Can I immediately trade or transfer my airdrop tokens?
Since airdrop tokens are yet to be listed on Coins.ph, you will have to wait for when the token is launched to be available on Coins.ph Convert - Quick Buy and Sell, Spot Trade, Deposits and Withdrawals. You may simply hold them in the meantime while the token has not yet been listed.
Where will my airdrop tokens be sent to?
Airdrop tokens will be received in your Spot Wallet.
What Requirements do I need to join the Launchpool?
The Launchpool is open to all Identity Verified customers by completing selfie and ID submissions. Head over to the Identity Verification page to complete this.
Is there a minimum and maximum amount for joining Launchpool?
The minimum and maximum amount of tokens you can lock would differ per Launchpool project. Kindly read all details including max and min lock amounts before joining a Launchpool.
What tokens will be added to Launchpool?
Watch out for our announcements via our official Social Media channels. We’ll make sure to give updates whenever we start a new Launchpool project.
You may also visit the Coming Soon section on Launchpool to see upcoming projects.
Please note that the tokens you need to lock and airdrop tokens may be different every time so make sure to read all details, as well as Coins.ph User Agreement before joining.
Can I unlock my funds at any time?
Yes. There will be no minimum lock in period. However, once you withdraw tokens before the end of the lock-up period, you will then receive fewer rewards than when you originally locked a bigger amount.
Can I unlock just a portion of my locked tokens?
Yes, you can unlock a partial amount if you want to withdraw your tokens before the end of a Lauchpool project. You don't need to unlock all assets as long as the amount is within the minimum unlock amount. Keep in mind that you may be eligible for larger airdrop token rewards if you have a bigger amount locked in.
How long do I have to lock my funds to get rewards?
A project duration is usually one week. However, some Launchpools can have a longer duration. Note that specific terms will be detailed per project and it is best for all customers to read the guidelines for each project duration, token yield, and other pertinent information.
Are there any fees associated with Launchpool?
No fees are charged for joining Launchpool.
What will happen to my locked funds when a project is completed?
Locked assets will be automatically returned to your Spot wallet after the locking period ends.
Can I access Launchpool on my app?
Yes, Launchpool is available via our Coins Website and Coins app. Visit Coins.ph to try our Launchpool.
How do I access the Launchpool?
On the Coins website
Head to the rocket icon on the left panel of the Coins website to view the Launchpool tab.
On the Coins app
On the Home tab, click the Launchpool button below your Total Balance to access the Launchpool tab.
Do I have any financial loss by using launchpool?
Launchpool is a risk-free product where you can earn yields through airdrops. However, please be aware that during the lock period, the value of your locked holdings may be affected by market volatility.