WEEX WE-Launch Rules – WEEX

Dear WEEXer,

Launchpool is rebrand and updated! WE-Launch is grandly launched and will be live soon! To understand better the WE-Launch event rules, please check out the following content.

1. What is WE-Launch?

WEEX has prepared a free airdrop event for WEEXers, you can easily earn free tokens by holding WXT.

2. How to participate?

Step 1: Qualify for participation

Hold no less than 1,000 WXT tokens for 30 consecutive days.
If your WXT amount snapshotted in any one day within 30 consecutive days falls below 1,000 WXT, you will lose the eligibility to participate in the Kickstarter event.
Locked WXT amounts cannot participate in the activity.

Step 2: Commit WXT Tokens

If you're qualified to participate in the event, you can commit WXT tokens within the commitment period. Successful commitments will only be used for reward calculation and your WXT will not be frozen.

Step 3: Reward Calculation

When the commitment period ends, the system will calculate rewards for each participant.
You can calculate your valid committed amount according to the commitment coefficient of the tier you are in. The larger your WXT commitment, the more rewards you will receive.

* Estimated rewards = Valid committed amount of current users / Valid committed amount of all users * Total prize pool.

* Valid committed amount = Committed amount * Commitment coefficient

Step 4: Reward Distribution

Rewards will be distributed to your spot wallet based on the event rules.

3. How to calculate my WXT holdings?

The minimum of all WXT amounts snapshotted over the consecutive 30 days will be used in the calculation for WXT holdings. Three snapshots will be randomly taken per day.

(1) Daily account balance snapshot: Take the smallest amount of the day's snapshots

three random snapshots per day)

For example:

The WXT amount in three snapshots of the day are 1000 WXT, 2000 WXT, 3000 WXT -

The minimum snapshotted amount is 1000 WXT of the day

(2) Snapshots will end on the day before the activity starts; Data is collected based

on the time zone of UTC+8.

(3) The minimum WXT holdings for 30 consecutive days = The daily minimum WXT

amount snapshotted for the 30 consecutive days;

For example:

Assume your daily minimum WXT amount snapshotted over each of the 30 days are

50, 500, 100, 200, 300, your minimum WXT holdings over the 30 consecutive days

would be 50.

4. How to calculate WXT amount that I can commit?

The minimum amount you can commit is 1,000 WXT; the maximum amount you can commit is 500,000.

If the minimum WXT amount snapshotted in your spot wallet over the 30 days falls below 1,000 WXT at any time, the WXT amount you can commit will be 0. You will not be qualified for Kickstarter.
If the minimum WXT amount in your spot wallet for the consecutive 30 days is between 5,000 WXT and 500,000 WXT, the WXT amount you can commit will be the lowest WXT amount snapshotted in your spot wallet during the 30 days.
If the minimum WXT amount in your spot wallet for the consecutive 30 days exceeds 500,000 WXT, the greatest amount of WXT you can commit is 500,000 WXT.

5. Which wallet does WXT need to be in to participate in the activity? Does participating in WE-Launch projects cost money? Are there any trading fees?

Your WXT tokens should only be in your Spot Wallet for eligible snapshots. WXT in other wallets will not be snapshotted.

6. Does participating in WE-Launch projects cost money? Are there any trading fees?

Participation in free airdrop projects does not require any payment or trading fees.

7. Does participation guarantee that I will receive tokens?

Users who participate in WE-Launch are 100% guaranteed to receive airdrops.

8. Is WE-Launch on a "first-come, first-served" basis?

No, for users, after the project ends, the distribution will be based on the number of participants and their participation ratio.

9. Is a deposit required to participate in WE-Launch?

No deposit is required for airdrop projects.

10. How many times can I participate in WE-Launch?

Each KYC account can only participate in each WE-Launch project once, but users can participate in other ongoing WE-Launch projects.

11. When will I receive the airdrop tokens from participating in WE-Launch?

The final distribution results will be announced before trading begins. You can check the project page or the distribution records.

12. Can I modify the amount of tokens I receive from WE-Launch?

Airdrop projects have a default maximum amount that can be received. The higher your VIP level, the more tokens you can receive through the airdrop.

Thank you for your support of WEEX!

WEEX Team

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Enjoy trading on WEEX.