User Participation Guide
Users can stake $WHY, $ETH, $BNB, and $WHYPAD to participate in the development of the BSC and EVM ecosystems and earn rewards and points for the next WHYPOOL project tokens.
ETH Staking: After the staking period, users can redeem their staked ETH in full and earn rewards in the form of the next Launchpool project tokens based on their points.
BNB Staking: After the staking period, users can redeem their staked BNB in full and earn rewards in the form of the next Launchpool project tokens based on their points.
WHY Staking: After the staking period, users can redeem their staked WHY in full and earn rewards in the form of the next Launchpool project tokens based on their points.
WHYPAD Staking: After the staking period, users can redeem their staked WHYPAD in full and earn rewards in the form of the next Launchpool project tokens based on their points.
Staking Termination Rules: Users can cancel their staked funds at any time and immediately participate in other pools. Upon cancellation, rewards will be forfeited, and WHYPOOL will deduct 2% of the staked tokens as an early withdrawal fee. The deducted fees will be directly used to burn WHY tokens/buy back and burn WHY tokens.
Points Accumulation Mechanism: To incentivize long-term staking, WHYPOOL will introduce a points system. Users' staking behavior will be rewarded with points based on the following rules. These points can later be used to claim token rewards from projects launched on the platform. Points will be awarded based on the following formula: Points = Staked Token Amount ร Current Token Market Price (in USDT) ร Multiplier ร Staking Duration Bonus
WHYPAD: Multiplier = 1.2
WHY: Multiplier = 1
BNB: Multiplier = 0.8
Staking Duration Multiplier: The longer the staking period, the higher the points multiplier:
1 Week: 1x base points
15 Days: 1.2x base points
30 Days: 1.5x base points
3 Months: 2x base points
6 Months: 3x base points
1 Year: 5x base points
Points Redemption Rules: Users can claim their points on the dedicated page and redeem them for tokens from the available launch pool pools.
Base Redemption Rate: 100 points can be redeemed for 1 token (provisional).
Minimum Redemption Threshold: Users need at least 300 points (provisional) to redeem, which encourages more participation and reduces idle points.
Other Notes:
Rewards Update Frequency: Multiple snapshots of user balances and total pool balances will be taken daily to calculate the daily average balance and user rewards. User rewards are updated once per day.
Single Pool Staking: The same staked tokens can only be staked in one pool at a time and cannot be simultaneously staked in multiple pools.
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