Announcing The Launchpool | Mintlayer Incubator Partnership!
Get Ready For The Best Projects In The Mintlayer Ecosystem. Welcome To The New Launchpool Mintlayer Incubator
Hello LPOOLers, we're happy to announce a one-of-a-kind partnership with Mintlayer to incubate projects layered on the Bitcoin blockchain. Mintlayer, one of the most oversubscribed pre-IDO AME events in Launchpool’s history: is a layer-2 side-chain solution built on top of the Bitcoin (BTC) blockchain. Mintlayer enables the creation of tokens and smart contracts “powered by” Bitcoin. This makes DeFi use cases such as those currently found on Ethereum and other blockchains possible and scalable in a truly “Bitcoin Native” environment for the first time!
This new incubator partnership, will enable Launchpool and Mintlayer to collaborate in order to maximize the benefits to our Investor Community by identifying new and exciting early-stage startups that may wish to integrate Mintlayer's Protocol. The $MLT token is the governance token of the Mintlayer protocol. Thanks to Mintlayer's peer-to-peer atomic swap; exchanges are possible with BTC directly. This means that no native gas token is required; as fees can be paid in any token issued on Mintlayer (e.g. stablecoin)
To commemorate this new Incubator partnership and provide another opportunity for all Investors to obtain an allocation of the $MLT token, Launchpool in partnership with Mintlayer will be hosting another AME for $350k worth of $MLT allocation beginning on Monday, March 21st! Don't miss out on the opportunity to have first access to some of Mintlayer Chain's earliest projects.
A Quick 12-Step Guide To Participating In Launchpool AMEs
Want To Learn How To Take Part In A Launchpool Allocation Mining Event (AME). The Following Is A 12-Step Guide !
Step 1:
Visit app.launchpool.xyz You will then see a disclaimer, please check that you are in an eligible jurisdiction, and click “Agree”.
Step 2:
In the top right corner of the screen, you’ll see that you are able to register for an account.
Step 3:
Follow the instructions to connect your MetaMask wallet.
Step 4:
You will be asked to verify your identity. This involves verifying your email address, adding your telephone number and ensuring that KYC requirements are met. It is simple to do, and shouldn’t take much time. If you are struggling with this step, please reach out to the Launchpool Support team here: Discord Support
Step 5:
Once approved, you need $LPOOL tokens ready to use in your wallet.
Currently, raises are being completed on the Binance Smart Chain, so you need to make sure that your tokens are on BSC. To do this, you can use either PancakeSwap or KuCoin to purchase $LPOOL using the $LPOOL (BEP-20) contract address: 0xcfb24d3c3767364391340a2e6d99c64f1cbd7a3d
Step 6:
Mining your allocation is really just as simple as staking your $LPOOL in the relevant pool. Visit the dashboard after entering the Launchpool app, and select the project you want to stake in from the list of live projects.
Step 7:
The current pool options are:
- “250 $LPOOL” limit pool, ⅓ of the allocation
- “1000 $LPOOL” limit pool, ⅓ of the allocation
- “Unlimited $LPOOL” pool, ⅓ of the allocation
The amount of project tokens you receive will depend on which pool you stake into, the time staked in the pool and your share of the total $LPOOL staked. Be sure to max out the pool you want to be in to get the largest allocation. Stake as early as you can. You can also stake in multiple pools if you want a bigger allocation.
Step 8:
Once you have selected the pool you wish to stake into, enter the number of $LPOOL tokens you’d like to stake and hit “Confirm Stake”.
NOTE: If you haven’t staked with Launchpool before, you will need to sign two separate transactions in your wallet:
1. Allowing the use of $LPOOL tokens.
2. Completing the smart contract interaction that allows staking.
Step 9:
Now you can relax for a bit! Once those transactions have been completed, you’ll be able to see your amount of $LPOOL staked. After it is staked, the $LPOOL tokens you submitted to the pool will be locked until the end of the AME.
This means that you cannot access those $LPOOL tokens until you have claimed your project allocation by paying for the mined token allocation with $BUSD.
Step 10:
Once the AME is over, you have approximately 48 hours to send the specified payment token to buy your project tokens. In this case, the specified payment token you will need is $BUSD.
NOTE: If you miss the payment window, YOU WILL LOSE the ability to claim and pay for your mined allocation.
After the AME, once you pay for your allocation your $LPOOL is returned. If you do not pay for your allocation during the Payment Window, you forfeit your allocation and will need to manually unstake your $LPOOL tokens. You CANNOT claim a partial share of your stake, you can only claim all or nothing of your allocation in each pool.
Step 11:
Upon completion of the waiting period (between the Launchpool pre-IDO and the projects TGE) you will be able to claim the percentage of your tokens, as per the project specific vesting schedule. To do this, all you need to do is hit the ‘Collect’ button, and follow the steps in your wallet.
Step 12:
You are done…Happy Investing!!
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🗞️ In other Crypto news….. 📰
Eye See Problems, NFT Corporate Takeovers, and NFT Treasure Hunt
👀 Eye See Problems 👀
The unique cryptocurrency project Worldcoin, is running into some problems according to Bloomberg.
The distribution of Worldcoin was intended to be given out to everyone on the planet via scanning their eyes, creating a hash of that data, and then distributing it by turning that into an address, however allegations of fraud have already plagued this unusual cryptocurrency project.
While the project might not go forward, it’s certainly one to keep your eye on 🙃
🤯 NFT Corporate Takeovers 🤯
Yuga Labs, the creators of the mega-hit NFT series Bored Apes Yacht Club, has bought two other huge NFT projects by buying Larva Labs, creators of both Cryptopunks and Meebits.
This grows Yuga Labs to 50 employees and the deal included 400 CryptoPunks and 1,700 Meebits NFTs.
What direction the company goes next is unknown, but we're excited to see what happens!
🔍 NFT Treasure Hunt 🔍
On March 14 three friends have found the $25,000 pig Meebit hidden by Larva Labs. The full method of how they did it can be read on Apely.eth's or Andrew Badr Twitter Post, but it involved everything from mod 2, intervals between the IDs, ASCII, base 32 and Caesar Ciphers.
Puzzles and treasure hunts are not new in the world of crypto, for example VC firm Primitive Ventures put up a $1,000,000 treasure hunt in 2019. The prize was in Bitcoin, with the private key divided into 1000 fragments, 400 of which is needed to move the funds.
We can't wait to see what the next crypto-treasure hunt is and hope that it will be as collaborative as these last two.
That’s all for this week! Watch your inbox for next week’s Pop Up Press!
For more news about the projects we are launching on Launchpool, keep an eye on our Twitter, Telegram, Reddit, and of course come visit us at our Website and App. For Launchpool Labs, keep in touch with developments and meet the first Cohort in our Discord channel.