Competitions and promotions

TonUP (UP) set to launch on Bitget Launchpad! The more BGB you commit, the bigger your share!

2023-12-15 06:0001132

TonUP (UP) is set to launch on Bitget Launchpad! Commit BGB to participate.

Go to Bitget Launchpad

About the project

TonUP is an outstanding Launchpad platform running on the TON blockchain, dedicated to discovering and fostering high-potential projects and presenting new opportunities to the entire community. TonUP has received support from the TON Foundation, TONcoin.Fund, and ForesightX since its launch. TonUP's mission is to support assets with great potential on the TON blockchain and contribute to the development of the TON ecosystem.

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TonUP (UP) Launchpad details

· Coin name: UP

· Total supply: 100,000,000 UP

· Total Launchpad volume: 1,500,000 UP

· Exchange rate: 1 UP = US$0.1 (BGB swap price will be announced after the holding calculation period ends)

· Individual cap: 7,500 UP

How to participate:

1. Log in to your Bitget account.

2. Hold BGB in your asset account so that your average BGB holding volume can be calculated based on the snapshots taken from December 17, 2:00 PM – December 20, 2:00 PM (UTC+8).

3. Calculate your BGB commitment cap.

Your BGB commitment cap is based on your average BGB holdings during the calculation period. Your BGB holdings in all accounts (including your spot account, margin account, futures account, P2P account, and Earn account) are taken into consideration, including the amounts that are frozen or locked up.

4. The BGB swap price will be announced when the commitment period starts, which will be the average BGB price during the calculation period (calculated every four hours).

5. Commit BGB

Your BGB commitment cap is based on your average BGB holdings during the calculation period. You can choose to commit a smaller amount. The BGB that you commit will be locked up while awaiting allocation.

6. Commitment calculation

After the commitment period ends, the system will calculate the amount of Launchpad tokens to be allocated to each user.

7. Deduction of BGB

After the allocation to each user is determined, Bitget will deduct the BGB from your account accordingly. The Launchpad tokens and any remaining BGB will be automatically sent to your spot account.

8. Notes:

(1) The snapshots of BGB holdings will be taken after the holding calculation period begins. Make sure to prepare your holdings as early as possible. Your average BGB holdings = sum of BGB holdings at each time of snapshot ÷ total number of snapshots. The total number of snapshots during the holding calculation period is fixed. If you have not prepared your BGB holdings before the start time of the holdings calculation period, you may miss out on some snapshots.

(2) Market maker and broker accounts are not eligible for the promotion.

(3) Only main accounts are eligible for the promotion. Any sub-accounts participating in this promotion will be disqualified and will not receive any rewards.

TonUP (UP) Launchpad schedule

Promotion phase

Date

Holding calculation period

December 17, 2:00 PM – December 20, 2:00 PM (UTC+8)

Commitment period

December 20, 5:00 PM – December 22, 5:00 PM (UTC+8)

Results

December 22, 5:00 PM – December 22, 6:00 PM (UTC+8)

UP distribution

December 22, 6:00 PM – December 22, 7:00 PM (UTC+8)

UP/USDT spot trading launches

December 22, 8:00 PM (UTC+8)

Reference:

· How does Bitget calculate average BGB holdings?

· Bitget Launchpad BGB commitment calculation

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