What is Launchpool?
Launchpool is a mechanism that allows users to stake ONUS or other assets to receive project tokens. Staked assets will be locked for a predetermined period; project tokens will be paid periodically according to the project's vesting mechanism.
What is Burning Pool?
Burning Pool is a type of Launchpool with a mechanism that burns all tokens deposited, indicated by the "Burning Pool" symbol. For example, in a Burning Pool "Deposit token A - Receive token B", the entire amount of token A you deposit will be burned. At the end of the cycle, you will receive token B as a reward, not token A.
How to participate in Launchpool
1. Deposit assets into Launchpool:
- On the main screen, scroll down to the Applications section and select Launchpool.
- Track information about Launchpools.
- Select the Launchpool you want to participate in and deposit tokens to join.
2. Withdraw deposited assets and rewards: When the Launchpool cycle ends, participants need to access Launchpool to receive all deposited tokens (not applicable to Burning Pool) and project tokens.
Note: Each Launchpool has a different reward cycle and other notes. Please read the announcement or instructions on the app carefully before participating.