Last updated in July 2024 and will be updated periodically.

 

BingX Launchpad's asset snapshot will include the following accounts: Fund Account, Perpetual Futures Account, Standard Futures Account, and Wealth Account, collectively referred to as "Designated Account".

  1. Snapshot includes assets of pending orders in Fund Account, Perpetual Futures Account and Standard Futures Account.
  2. Snapshot includes assets already used for subscription in Wealth Account.

Assets included in the Designated Account comprise all assets supported for deposit and trading on BingX, all of which will be calculated in USDT.

During the asset snapshot stage, a snapshot of your "Designated Account" will be taken every hour at random intervals, resulting in a total of 24 snapshots.

  1. Daily average assets = All assets in USDT equivalent every hour ➗ number of snapshots
  2. The daily snapshot cycle spans from 00:00 to 23:59 (UTC+8). The data on your daily average assets will be available on the Launchpad page at 02:00 (UTC+8) on the following day.

Example:

  1. Leo signed up on BingX on 2023-07-13 00:00 (UTC+8). Between 00:00 and 03:00 (UTC+8), Leo made hourly deposits of assets worth 1,000 USDT into his "Designated Account". Leo's daily average assets on 2023-07-13 would be calculated as: (1,000 USDT + 2,000 USDT + 3,000 USDT + 3,000 USDT + ... + 3,000 USDT) / 24 = 2,875 USDT.
  2. If the project's snapshot stage lasts for three days, then the system will take a total of 72 snapshots based on that the snapshot is taken every hour.
  3. Assume that Leo's daily average snapshots from 2023-07-13 to 2023-07-15 were 2,875 USDT, 3,125 USDT and 3,000 USDT respectively. Leo's daily average assets would be calculated as: (2,875 USDT + 3,125 USDT + 3,000 USDT) / 3 = 3,000 USDT.
  4.  

Please note:

  1. The duration of the snapshot stage may vary. Please refer to the Launchpad announcement for the specific timeline.
  2. Assets in the subaccounts will not be snapshot. Therefore, please transfer them to your main account in advance.

 

BingX Operation Team
2024-07-02
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