BINANCE TR LAUNCHPOOL TERMS OF USE
A. Acceptance of the Terms
1. By using the Launchpool service, you declare that you have read, understood, and accepted all the terms of use in these Launchpool Terms of Use. You also agree to be bound by and comply with the Launchpool Terms of Use, and acknowledge that these Launchpool Terms of Use may be updated and amended from time to time. Additionally, you accept that you have read and understood any additional documents or terms referred to or incorporated into these Launchpool Terms of Use.
1.1 By using the Launchpool service, you also declare that you have read, understood, and accepted all the terms of use in the Binance TR Staking Terms of Use, as you will be using the Binance TR Staking service directly or indirectly.
1.2 If you do not fully understand and accept these Launchpool Terms of Use, you should not use Launchpool.
B. Scope of the Terms and Changes
2. These terms govern your access to and use of the Binance TR Service identified as "Launchpool" on the Platform and the related services provided by Binance TR in accordance with these Launchpool Terms of Use ("Launchpool Service").
3. These Launchpool Terms of Use are supplemental and should be read together with the Binance Turkey Terms of Use ("Terms of Use") and the specific terms and conditions set out on the Launchpool Page in respect of the relevant Launchpool Offer ("Launchpool Offer Terms"). In the event of any conflict or inconsistency between these Launchpool Terms of Use, the Launchpool Offer Terms, and the Terms of Use, the order of precedence will be first the Launchpool Offer Terms, then these Launchpool Terms of Use, and then the Terms of Use . All terms and clauses contained in the Terms of Use (except to the extent expressly modified in these Launchpool Terms of Use) are incorporated by reference and have the same force and effect as if set forth in their entirety in these Launchpool Terms of Use. These Launchpool Terms of Use constitute Product Terms. References in the Terms of Use to Binance TR Services shall include references to the Launchpool Service.
4. Binance TR may make changes to these Launchpool Terms of Use (or any terms or information incorporated by reference) at any time in accordance with the Terms of Use.
C. Consent
5. By accepting these Launchpool Terms of Use, you hereby unconditionally and irrevocably (a) confirm that you understand and accept any and all associated risks with your participation in the Launchpool Service and (b) explicitly consent to Binance TR using your Digital Assets as described in these Launchpool Terms of Use, Binance TR Staking Terms of Use, and the Risk Warning.
D. How to Participate in Launchpool
6. You can participate in a Launchpool Offer and earn Project Tokens by temporarily locking your LP Assets with Binance TR. When you participate in a Launchpool Offer, neither Binance TR nor any other persons will be able to use, stake, invest, or otherwise manage your LP Assets. Your LP Assets will be locked with Binance TR for the sole purpose of calculating your allocation of Project Tokens. In addition, neither your LP Assets nor the Project Tokens will be pooled with the Digital Assets belonging to other LP users in connection with the Launchpool Service.
7. The types of supported LP Assets will vary depending on the Launchpool Offer and Binance TR reserves the right to vary the types of supported LP Assets from time to time at its sole and absolute discretion.
8. Binance TR may at its sole and absolute discretion specify a minimum or maximum amount of LP Assets required to participate in a Launchpool Offer. Compliance with this minimum and maximum LP Asset amount is a prerequisite for pre-participation in the Launchpool Offer.
9. You participate in the Launchpool Offer directly or indirectly by using the "Binance TR Staking" product.
9.1 During the Launchpool Offer period, you can subscribe to a Staking plan for the relevant LP asset via the Launchpool Page and participate in the Launchpool offer. You can view the total amount of LP Assets you have participated in the relevant Launchpool Offer via the Launchpool Page.
9.2 If you have subscription(s) in one or more Flexible or Locked Staking Offers for the relevant LP asset in the Binance TR Staking product during the Launchpool Offer period, your participation(s) will be considered as "Locked LP Assets" for the duration they remain active and will be deemed to have participated in the Launchpool Offer.
10. Your Locked LP Assets will be calculated at specific times throughout the Launchpool Period after confirming compliance with the Launchpool Offer Terms and these Launchpool Terms of Use, and at the end of the Launchpool Period, the Project Tokens specified in the Launchpool Offer will be automatically transferred to your account based on the Locked LP Assets held during the period.
11. After the Launchpool Period, the Staking participation of the relevant Locked LP Asset will continue in accordance with the Binance TR Staking Terms of Use. If you wish, you can cancel the Staking Plan of the Locked LP Asset via the Staking page.
E. Project Tokens
12. The amount of Project Tokens available for each Launchpool Offer may vary. The amount of Project Tokens you will receive in return for participating in a Launchpool Offer will also vary and will generally be calculated based on the total amount of your locked LP Assets as a percentage of the Total Pool LP Assets. Binance TR may, at its sole discretion, impose upper or lower limits on the amount of allocated Project Tokens as specified on the Launchpool Page.
13. By locking your LP Assets with the Staking Product in accordance with a Launchpool Offer, you can accumulate Project Tokens in accordance with the Launchpool Offer Terms and these Launchpool Terms of Use. Your total accumulated Project Token allocation will be calculated and automatically transferred to your account after the Launchpool Period. No Project Token allocation will be made during the Launchpool Period.
14. Participation in Launchpool is subject to eligibility requirements in accordance with Binance TR's KYC and compliance procedures.
15. Project Tokens are rounded to a number of decimal places determined by Binance TR at its sole discretion, which may vary for different Project Tokens.
16. You can unlock your LP Assets through the Staking Product in accordance with the terms specified in the Binance TR Staking Terms of Use. After the Launchpool Period, the staking lock on your LP Assets will not be automatically released and can be managed through the Staking Product.
17. Binance TR makes no representations or warranties regarding the amount of Project Tokens to be allocated. The amount of Project Tokens to be allocated is calculated based on the LP Assets locked during the Launchpool Period and is subject to change.
18. Users who have not participated in the Launchpool Offer but have an active Staking plan for the relevant LP asset during the Launchpool Period will be considered as having participated in the Launchpool Offer and, if they meet the relevant conditions, will be eligible for Project Token allocation.
F. Definitions
19. Unless otherwise specified, capitalized terms used in these Launchpool Terms of Use have the same meaning as given in the Terms of Use. The rules of interpretation set out in the Terms of Use apply to these Launchpool Terms of Use unless otherwise specified.
Launchpool Offer refers to the offer by Binance TR to provide you with Project Tokens in exchange for locking your LP Assets with the Binance TR Staking Service during the Launchpool Period in accordance with these Launchpool Terms of Use and the Launchpool Offer Terms.
Launchpool Offer Terms have the meaning given in clause 3.
Launchpool Page refers to the Launchpool page on https://www.binance.tr/ or the Binance TR Mobile Application.
Launchpool Period refers to the time frame during which users can participate in a Launchpool Offer by locking their LP Assets, as specified on the Launchpool Page in relation to the relevant Launchpool Offer.
Launchpool Service has the meaning given in clause 2.
Launchpool Terms of Use have the meaning given in section "A. Acceptance of the Terms".
LP Assets refer to the Digital Assets you lock to participate in a Launchpool Offer.
Project Tokens refer to the Digital Assets that may be allocated to users who participate in a Launchpool Offer by locking their LP Assets during the relevant Launchpool Period.
Account refers to your Binance TR Account used for all transactions.
Terms of Use have the meaning given in clause 3.
Total Pool LP Assets refer to the total amount of LP Assets locked by users participating in a specific Launchpool Offer.