Trust Wallet Launchpool: Guide, Rules, And FAQ

The First Trust Wallet Launchpool brings an exciting opportunity for crypto enthusiasts, introducing its inaugural project — the meme coin WHY. In this article, we’ll explore how to get involved in the First Trust Wallet Launchpool Launchpool, the details of the farming event, and how to maximize your earnings ahead of the WHY token listing. This Launchpool offers a practical way to explore meme coins and benefit from new crypto projects early on.

Trust Wallet Launchpool details

The WHY token Launchpool offers a total pool of 4.2 trillion tokens, distributed across two staking options. The earlier participants lock their tokens, the greater their rewards will be, making early involvement a strategic move. Here's how the pool is structured:

• Total pool: 4.2 trillion WHY tokens

• TWT staking pool: Users who lock TWT tokens will be rewarded from this pool.

• slisBNB staking pool: Those opting to lock slisBNB will earn rewards from this second pool.

Important details for participants include:

• Staking options: TWT and slisBNB

• Start date: October 15, 2024, at 14:00 UTC

• Key tip: The earlier you lock your tokens, the bigger your reward will be.

How to join Trust Wallet Launchpool

If you want to participate in the Trust Wallet Launchpool, you’ll need the Trust Wallet app and specific tokens, such as Trust Wallet Tokens (TWT), depending on the requirements of each pool.

Here’s a step-by-step guide:

Step 1: Open Trust Wallet or create a new account

Launch the Trust Wallet app. If you’re new to the app, select “Get Started” and follow the prompts to create or import a wallet, which will allow you to access the Launchpool.

How to join Trust Wallet launchpool

Step 2: Navigate to the Launchpool

Go to the "Earn" section and choose "Launchpool." Here, you’ll see all available pools, both active and completed. Select an active pool you’re interested in, and tap "Join" to proceed.

How to join Trust Wallet launchpool

Step 3: Select a pool and lock your tokens

Pick the pool that suits you, such as “TWT” or “FDUSD.” Tap on "Lock (selected token)" to start staking. Input the number of tokens you want to lock, then tap "Continue" to confirm and initiate the staking process.

How to join Trust Wallet launchpool

Step 4: Approve and confirm staking

You’ll receive an approval request on your screen. Review the details, then click “Continue” to allow access to your tokens. Finally, click “Confirm” to lock your tokens in the pool.

How to join Trust Wallet launchpool

Step 5: Monitor your staked tokens

On the "Launchpool Details" page, you can check the amount you’ve staked and view the status of your locked tokens. When the lock-up period ends, the “Redeem” button will become active, letting you unlock and retrieve your tokens.

How to join Trust Wallet launchpool

Step 6: Track and claim your rewards

To view your rewards, click on “Reward Tracker” at the top of the Launchpool tab, where you can see all the pools you’re participating in. When you’re ready to claim your rewards, click "Claim" next to the specific pool. Ensure you have enough gas fees for the transaction. After confirming, you’ll be able to see the total rewards you’ve claimed from the Launchpool.

How to join Trust Wallet launchpool

How to join Trust Wallet launchpool

This guide will help you easily navigate and participate in Trust Wallet Launchpool to make the most of your staking opportunities.

Preparing for the WHY token listing

After the Launchpool, the WHY token will be available for trading, providing even more opportunities for Trust Wallet users. Here’s how you can prepare for the event:

• Understand the tokenomics deeply. Instead of just reading the surface details, dive into how WHY tokens are distributed and how they flow in the ecosystem. Focus on any burn mechanisms or potential supply limits, as this can give you an edge in predicting price movements based on supply dynamics.

• Track influencer sentiment closely. WHY has a strong meme foundation, which means its price is highly susceptible to influencer opinions. Create a custom Twitter or social media watchlist of key figures who have previously influenced meme coins, and pay attention to their comments about WHY as it approaches listing. The market sentiment can shift fast based on these voices.

• Use slippage to your advantage. Set strategic slippage parameters during the listing to avoid missing out due to price volatility. While most recommend setting low slippage, you can benefit from setting it slightly higher (but not too high) during peak demand moments when there's intense buying activity. This helps ensure your transaction goes through.

• Participate in early liquidity pools. If Trust Wallet offers early liquidity pools for WHYM, get involved. This not only helps you earn fees but allows you to accumulate more tokens before the official trading begins, positioning you ahead of regular market buyers.

Wait for the right moment to claim your rewards

Anastasiia Chabaniuk Author, Financial Expert at Traders Union

One smart move with Trust Wallet Launchpool is waiting for the right moment to claim your rewards. Instead of rushing to collect as soon as they’re available, try claiming when network traffic is lower, so you can keep more of what you earn by avoiding high gas fees. Gas fees on the BNB network tend to spike during busy periods, so by claiming during off-peak times, you can hold onto more of your WHY tokens.

Another often-missed trick is staking both TWT and slisBNB. This way, you can spread your risk and balance out your rewards. If the rewards from one pool drop due to market changes, the other might still be going strong. It’s a simple way to make sure you're not putting all your eggs in one basket while farming WHY tokens.

Conclusion

The First Trust Wallet Launchpool offers a promising opportunity for users to farm WHY tokens by staking either TWT or slisBNB. With the staking event starting on October 15, 2024, early participation is key to maximizing rewards.

Make sure your Trust Wallet is verified and funded with sufficient TWT or slisBNB ahead of time. Stay updated by following Trust Wallet’s official channels, and remember, the earlier you lock your tokens, the bigger your potential rewards will be.

FAQs

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Team that worked on the article

Mikhail Vnuchkov

Author at Traders Union

Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.

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Chinmay Soni

Developmental English Editor

Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.

As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.

Mirjan Hipolito

Cryptocurrency and stock expert

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).

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