Join the PHPC Launchpool to start earning rewards just by holding PHPC in your Coins.ph wallet!
PHPC, a peso-backed stablecoin pegged 1:1 with the Philippine Peso, lets you access a tiered reward system where more PHPC means bigger rewards. No extra actions needed—just hold and earn!
Let’s dive into the mechanics and how you can start earning.
Mechanics of the PHPC Launchpool
1. Eligibility and Requirements
To join the PHPC Launchpool, you need:
- A fully verified Coins.ph account
- At least 1 PHPC held in your Coins.ph wallet during the snapshot dates announced for each prize pool
Remember, PHPC is pegged 1:1 to the Philippine Peso, making it a stable way to maintain value and participate in this rewards program.
2. Snapshot Dates and Prize Pools
Each prize pool has a specified snapshot date, where your PHPC holdings are recorded. These dates will be announced throughout the promo period. By holding PHPC in your wallet during these snapshots, you automatically qualify for rewards based on your tier.
Here’s a list of some past prize pools:
- VENOM Prize Pool: 25,000 VENOM tokens - Snapshot Date: August 2, 2024
- LAT Prize Pool: 350,000 LAT tokens - Snapshot Date: August 13, 2024
- AIR Prize Pool: 45,000 AIR tokens - Snapshot Date: August 28, 2024
- SUNDOG Prize Pool: 7,000 SUNDOG tokens - Snapshot Date: September 24, 2024
3. Reward Tiers and Allocation
The PHPC Launchpool has five tiers, each with different prize pool allocations. The more PHPC you hold, the higher your tier and the larger your potential share of the prize pool.
| Rewards Tiers | Holdings (PHPC) | Prize Pool Allocation |
|---|---|---|
| Tier 1 | 1-10,000 | 5% of the pool |
| Tier 2 | 10,001-50,000 | 10% of the pool |
| Tier 3 | 50,001-100,000 | 20% of the pool |
| Tier 4 | 100,001-500,000 | 30% of the pool |
| Tier 5 | 500,001 and up | 35% of the pool |
4. Advancing Through Tiers
Increasing your PHPC holdings allows you to advance to higher reward tiers. The higher your tier, the larger portion of the prize pool you can access, enhancing your potential earnings.
Terms and Conditions
- Eligibility: Open to users 18+ with fully verified Coins.ph accounts.
- Reward Distribution: Winners announced within ten (10) working days post-snapshot. Rewards are distributed within fifteen (15) working days.
- Non-Transferable Rewards: Rewards are non-transferable and must be accepted as awarded.
- Program Flexibility: The program is extended beyond August 31, 2024. Coins.ph reserves the right to adjust program duration, terms, and conditions, as well as to amend eligible tokens.
- Privacy Compliance: Personal information collected from participants will be used in accordance with Coins.ph's privacy policy.
- Dispute Resolution: Any disputes regarding the PHPC Launchpool will be resolved at Coins.ph’s discretion.
- Coins.ph reserves the right to cancel or amend the mechanics at its sole discretion including which tokens will be eligible for the program and the percentage of rewards to be received.
- Contact: For inquiries, complete the Coins Support form here.
- By participating in this Program, participants agree to these Terms and Conditions.
