For a lot of newcomers, you might wonder, what is launchpad in crypto exchange and what is it in it for me and how am I going to participate to stand gain from it. Here in this article, we will further explain the most frequently asked questions you have on your mind!
1. What is BTCEX launchpad?
Launchpad is a platform that allows cryptocurrency projects to launch their tokens through a fundraising mechanism called an Initial Coin Offering (ICO) or an Initial Exchange Offering (IEO). Essentially, it's a tool that helps projects by offering them the chance to secure funding in exchange for their tokens.
As for BTCEX launchpad, we not only supports IEO or ICO, but more we have airdrop campaigns that you can participate for free so you will have more chance of making profit out of it, join the ride without lossing anything! For some campaign, BTCEX will adopt a pay-first and refund-after approach. All the amounts you participated in subscribing will be automatically refunded to your payment account after the campaign ends.
Besides that, investing in an ICO or IEO allows new investors to get in on the ground floor of a potentially growing cryptocurrency project. Second, investing in a crypto launchpad project is also an exciting way to get involved in a new venture and contribute to its success. Finally, launchpads offer newbies the opportunity to access new projects that they may otherwise not have heard about and to take part in a project's journey from its early stages.
However, please be aware of the risks that you need to bear for participating in the Launchpad program.
Though the launchpad can present you a chance for making a big profit if it is a promising project,
Overall, the crypto launchpad is a new and exciting way to invest in cryptocurrency projects and to participate in alternative forms of fundraising that offer benefits to both projects and investors alike. While you enjoy the ride of the launchpad, please always do your research and make sure you have a better understanding of the project to make a good judgment call before you sweep in.
3. How should i participate in BTCEX launchpad and how to proceed?
For easier understanding, the general overall procedures for participating BTCEX launchpad will be as follows:
1.Register your account 2. complete KYC verification
3.spot trading/perpetual trading/invite referrals
4.earning ticket subscription
5.ending ticket subscription
6.subscription result announcement
7. token airdrop.
Please find the detailed instruction so you can finish each step to join the ride!
Step 1: Register your account:
https://support.btcex.com/hc/en-us/articles/6788690261783-How-to-Register-Your-BTCEX-Account-
Step 2: Complete KYC verification:
Step 3:
Start spot trading :
https://support.btcex.com/hc/en-us/articles/4414623883799-How-to-Trade-Spot-on-BTCEX-Website-
Perpetal trading:
https://support.btcex.com/hc/en-us/articles/4415092678551-How-to-Trade-Perpetual-on-BTCEX-Website-
Invite referrals:
https://www.btcex.com/en-us/invite
Step 4: Subscription for earning ticket
Firstly you need to go to Launchpad section and click on PLACE ORDER to proceed.
Click on BUY NOW to continue if the subscription starts.
Please make sure you have sufficient USDT in your funding wallet.
And before you have a go, like what is shown above, you can see the following indicators but in case you are confused you can see the clarification:
Token Shared: The total amount of tokens in the pre-sale.
Sale Price: Fixed price before the trading of the token starts.
Total Tickets: Total tickets can be claimed for this program.
Token per ticket: How many tokens you will have for each ticket you win.
Available Tickets: Remaining tickets can be claimed.
Staked Tickets: Tickets already taken
Allocation per USDT: How much each ticket will be worth?
Winning Tickets: Tickets that you have won.
Winning Token Amount: How many tokens you will be having for your winning tickets.
Please take note that there are three ways in order for you to get a ticket for the launchpad project, you can see the details in the following task details section.
For each section, regardless of spot trading, perpetual trading, or referral, you will see the current acquired ticket once you meet the criteria.
Step 5: Subscription ending.
There will be a timeline table indicating when the allocation starts and ends, normally you can find it in the campaign announcement page.
Step6: Subscription result announcement .
Step7: Token airdrop.
Once you won the tickets, as you can see from the above picture, you will be able to see the winning tickets and how much tokens you will be having.
The token will be airdrop to your funding wallet as below:
And if you still have further confusion after reading this article, please always reach out to our 24/7 live chat so we can help you out!