1. What is BitMart LaunchPrime?
2. Highlights of BitMart LaunchPrime
2.1 Flexible Distribution Model
LaunchPrime primarily utilizes public sales as its token distribution method. Users can get early access to project tokens through subscription, gaining a market advantage ahead of others.
2.2 Promoting Long-Termism
LaunchPrime supports token vesting schedules, encouraging participants to become long-term supporters of the project rather than short-term speculators. By incentivizing early contributors and active users, it further strengthens the project's ecosystem.
2.3 Highly Customizable
LaunchPrime allows project teams to tailor the terms of their token sales, including KYC requirements, pricing strategies, vesting periods, and participation criteria, to suit the specific needs of their project.
2.4 Community Inclusivity
LaunchPrime's public sales are open to global users and communities, ensuring broader participation. It also meets regional and regulatory requirements, supporting the global development of projects.
2.5 Multiple Token Contributions
In addition to USDT, LaunchPrime projects may accept BMX or other cryptocurrencies as the contribution tokens. The exchange rate between non-USDT contribution tokens and the new token is determined by the "snapshot price of the contribution token" and the "subscription price of the new token."
Note: The "BMX snapshot price" and the "BMX-to-new-token exchange rate" will be announced after the subscription period ends.
3. BitMart LaunchPrime Notes
3.1 What are the requirements to participate in LaunchPrime?
To ensure a secure and compliant trading environment, BitMart LaunchPrime requires all users to complete identity verification. Sub-accounts and restricted accounts are not eligible to participate.
Note: BitMart reserves the right to disqualify any user from the event and confiscate rewards if any fraudulent activity, illegal behavior (e.g., using multiple accounts to claim rewards), or other violations are detected.
3.2 What is the maximum amount I can invest in LaunchPrime public sales?
Each LaunchPrime public sale has a personal investment limit, meaning users can participate in the event but cannot exceed this individual limit. Additionally, each round may also set a personal subscription cap, indicating the maximum number of new tokens a user can acquire in that specific event.
3.3 How are tokens allocated between committed funds and new tokens?
The number of new tokens you receive will be calculated during the distribution phase, based on your share of the total invested amount. The formula is as follows:
The number of new tokens you receive = total new tokens available for the promotion × (individual commitment amount ÷ total commitment amount during the promotion).
Note: If a “personal subscription cap” is set, the final number of new tokens you receive will not exceed this limit.
For non-USDT token contributions, the system will take continuous snapshots of the spot price during the designated snapshot period. The average price during this period will be used as the snapshot price to calculate the exchange rate for converting the committed token into new tokens. The formula for committed token amount is:
Committed token amount = New tokens you receive × Exchange rate for converting the committed token into new tokens.
3.4 When will I receive the tokens I subscribed to?
After your funds are committed, the new tokens will be calculated and distributed during the distribution phase. The distribution will be completed at the end of the distribution period. Please note that due to batch processing of data, there may be some delays. You can view your LaunchPrime income and expenses in Assets > Spot Account .
Note: If the actual amount of new tokens you receive is less than the amount you invested, the unused funds will be automatically released and refunded to your spot account after the distribution ends.
3.5 Can I withdraw my invested funds at any time?
No, once the funds are committed, they cannot be withdrawn before the distribution period ends.
4. Shooting Star & Flash Sale Notes
4.1 How to calculate 2-day average BMX holdings
BMX daily holdings are calculated by random snapshots.
Statistical object: Total BMX spot balance.
Statistical formula: 2-day average BMX holdings = The sum of the 2 BMX holding snapshots/2
*At least 1 week before participation period starts. Please make sure that there are sufficient total BMX spot balance
4.2 What is the update time of BMX 2-day average holdings?
There will be a certain delay in data update
For example:
If the user adds BMX holdings on January 1st, his/her 2-day average BMX holdings will be updated on January 2nd.
4.3 What is Single Ticket?
When the activity type is single ticket, all eligible users can participate with up to 1 ticket, under the condition that his/her spot account has sufficient available assets to purchase tokens.
4.4 What is Multi-Ticket？
When the activity type is multi-ticket, the user's 2-day average BMX holdings will be calculated at a randomly picked 2-day time window before the activity’s participation period starts. The maximum number of ticket is then calculated based on the detailed rules and the 2-day average BMX holdings of the participated users.
For example:
Detailed rules are listed below
If the user's 2-day average BMX holdings is 180, the user can participate for up to 3 tickets, under the condition that his/her spot account has sufficient available assets to purchase tokens.
4.5 What happens to my assets after participation?
If the participation is successful, the assets will be locked in real-time.
4.6 What happens to my assets after Announcement & Distribution?
After Announcement & Distribution, BitMart will deduct the corresponding assets based on the number of tickets you have been allocated, and the remaining assets will be unlocked within 24 hours.
4.7 Can I participate the same activity multiple times?
You can only participate once for each activity. Ticket number cannot be modified after successful participation.
*BitMart reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.
