Step 1: Determine your participation limit
Your participation limit is based on the average CIFDAQ/USDT balance over a specified period. No additional actions, such as staking, are required during this period.
Step 2: Commit CIFDAQ
Once your participation limit is established, you can commit and lock any amount of CIFDAQ up to your participation limit to receive Launchpad tokens.
Step 3: Calculation
At the end of the CIFDAQ/USDT commitment period, the token allocation for each participant will be calculated over approximately 1 hour.
Step 4: CIFDAQ Deduction for Launchpad Tokens
After determining each user's final allocation, a portion of your locked CIFDAQ will be deducted for Launchpad tokens. Both your CIFDAQ/USDT and Launchpad tokens will be automatically transferred to your spot wallet.
Will CIFDAQ/USDT in Launchpool or CIFDAQ Vault count towards my participation limit calculation?
- Yes, the average CIFDAQ/USDT calculation includes balances in Launchpool or CIFDAQ Vault. Your CIFDAQ/USDT can be kept in these accounts, and the amounts will contribute to your participation limit.
When do I need to commit my CIFDAQ?
- Users only need to commit their CIFDAQ/USDT during the subscription period, which occurs after the average CIFDAQ calculation period. Refer to the project page or announcement for specific dates and times.
What does the hard cap per user mean?
- The hard cap is the maximum Launchpad token allocation per user and does not represent the maximum CIFDAQ/USDT amount you can commit. Refer to relevant articles for a detailed explanation of the hard cap implementation.
Is my CIFDAQ locked during the daily average CIFDAQ calculation phase?
- No, your CIFDAQ/USDT can be in any accepted account during the calculation phase and is not locked.
Where is my committed CIFDAQ locked during the subscription phase?
- Your committed CIFDAQ/USDT will be locked in a dedicated Launchpad wallet during the subscription period. You can lock your CIFDAQ/USDT at any time during this period, even within the final 30 minutes.
Can I commit my CIFDAQ even if it's in Launchpool or CIFDAQ Vault?
- While you can leave your CIFDAQ/USDT in Launchpool or CIFDAQ Vault to count towards your participation limit, you need to redeem your CIFDAQ/USDT to your spot wallet during the subscription period to commit it.
Is there a minimum amount of CIFDAQ I can commit?
- The minimum amount of CIFDAQ/USDT that can be committed is xx CIFDAQ/ xx USDT.
