In this article, we will explain what the MEXC Launchpool event is and how to participate in this event.
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What is Launchpool?
The listing of a specific cryptocurrency project in a stake, or locking pool, on a cryptocurrency exchange is called "Launchpool". Users stake their cryptocurrencies in designated pools and in return earn airdrop rewards from the relevant cryptocurrency.
What is MEXC Launchpool?
We learned what the concept of Launchpool is in cryptocurrency exchanges. The MEXC cryptocurrency exchange also organizes Launchpool events at certain times. With these events, users stake their crypto assets in designated pools in the Launchpool event and in return earn airdrop rewards.
Market makers and corporate accounts cannot participate in this event. Users participating in the event must complete the "Advanced KYC Verification" before the end of the event in order to earn rewards by staking tokens in MEXC Launchpool. In other words, KYC is mandatory to participate in the event. Tokens staked during the event period can be withdrawn at any time, but the staked period must be at least 1 hour to earn rewards.
How to Participate in MEXC Launchpool?
To participate in the MEXC Launchpool event, you must first open a MEXC account.
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After opening a MEXC account, complete the "Advanced KYC Verification" and download the MEXC mobile application to your mobile phone.
We are Participating in the MEXC Launchpool Event with Step-by-Step Instructions
Now let's join the MEXC Launchpool event step by step. The current event is the IP (Story) Coin event. When we look at the stake pool, USDT, MX and IP pools were created within the event. In this example, we will choose the USDT pool. In other words, we will stake the USDT pool in the IP (Story) Launchpool airdrop pool. Our airdrop gifts will arrive at a certain rate every hour. Our airdrop gifts will continue to accumulate until the end of the event, and the airdrops we earn at the end of the event will be deposited into our spot wallet by the exchange.
Step 1:Complete the "Advanced KYC Verification" before joining the event and deposit funds (USDT, TRX, etc.) into your account. Open the MEXC exchange mobile application and click on "Launchpool". Picture below.
Step 2:We see the total airdrop amount of the IP (Story) coin in the event and the duration of the event. We click on "Stake Now".
Step 3:USDT, MX and IP stake pools appear. We select the USDT pool. We can see the total airdrop amount and other information in the USDT pool instantly. Please note that the number of participants and total APR are variable, not fixed. We click on "Stake Now".
Step 4:We determine the amount we will deposit into the USDT pool and click on "Confirm".
Step 5:You can see the amount we deposited into the USDT pool and other information on the same screen. Our airdrop gifts will arrive at a certain rate every hour. Our airdrop gifts will continue to accumulate until the end of the event and the airdrops we earn at the end of the event will be deposited into our spot wallet by the exchange.
It is that easy to participate in the MEXC Launchpool event. Thank you for reading our article and we wish you lots of earnings.
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