Last Updated: January 4th 2025
*English version is a referential translation of the original Japanese version of the Binance Japan Simple Earn Terms. In the case of discrepancy between the English version and the original Japanese version of the Binance Japan Simple Earn Terms, the original Japanese version shall prevail.
A. Acceptance of these Terms
By accessing and/or using the Launchpool Services (as defined below), you acknowledge and agree that you will be bound by and will comply with these Launchpool Service terms (“Launchpool Terms”), as updated and amended from time to time, and that you have read and understood these Launchpool Terms, together with any additional documents or terms referred to or incorporated into these Launchpool Terms. If you do not understand and accept these Launchpool Terms in their entirety, you should not use the Launchpool Service.
B. Scope of these Terms and Changes
These terms govern your access to and use of the Binance Japan Service identified as “Launchpool” on the Platform and any ancillary services made available by Binance Japan in accordance with these Launchpool Terms (“Launchpool Service”).
These Launchpool Terms are supplemental to and shall be read together with the Binance Japan Terms of Use available here (“Terms of Use”) and the specific terms and conditions set out on the Launchpool Page in respect of the relevant Launchpool Offer (the “Launchpool Offer Terms”). In the event of any conflict or inconsistency between these Launchpool Terms, the Launchpool Offer Terms and the Terms of Use, the order of precedence will be first the Launchpool Offer Terms, then these Launchpool Terms 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) are incorporated by reference and have the same force and effect as if set forth in their entirety in these Launchpool Terms. These Launchpool Terms constitute Product Terms. References in the Terms of Use to the Binance Japan Services shall include references to the Launchpool Service.
Binance Japan may make changes to these Launchpool Terms (or any terms or information incorporated by reference) at any time in accordance with the Terms of Use.
In addition, for Simple Earn Assets that have been subject to a Launchpool Offer (meaning an offer by Binance Japan in which users deposit Digital Assets with Binance Japan and Binance Japan provides interest to users, in accordance with the Launchpool Terms and the conditions of the Launchpool Offer; the same applies hereinafter), all Binance Japan Simple Earn Terms shall apply, except as otherwise provided in the Launchpool Terms.
C. Consent
By accepting these Launchpool Terms, 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 Japan using your Digital Assets as described in these Launchpool Terms and the Risk Warning.
D. How to Participate in Launchpool
You can participate in a Launchpool Offer and earn interest by depositing the type of Digital Assets designated by Binance Japan (hereinafter referred to as 'Launchpool Simple Earn Assets') into the Simple Earn provided by Binance Japan. For the Launchpool Simple Earn, Binance Japan will pay interest based on a trust contract. When you participate in a Launchpool Offer, it means that users deposit Launchpool Simple Earn Assets, which will be subject to segregated management by Binance Japan. The allocation of Project Tokens (referring to the Digital Assets used as a reference for interest earned by users participating in a Launchpool Offer during the Launchpool Period*) will be calculated based on the quantity and duration of the deposited Digital Assets during the Launchpool Period (which refers to the period stated on the Launchpool page during which users can participate in a Launchpool Offer by depositing Digital Assets, hereinafter the same). Users will earn Digital Assets (same kind as the deposited assets in Launchpool Simple Earn) as interest equivalent to the value of the Project Tokens.
Before you participate in a Launchpool Offer you will be required to confirm the Launchpool Offer you wish to participate in and specify the amount of Launchpool Simple Earn Assets you will use to participate in the Launchpool Offer through our Simple Earn.
Binance Japan may at its sole and absolute discretion specify a minimum or maximum amount of Launchpool Simple Earn Assets required to participate in a Launchpool Offer.
The types of supported Launchpool Simple Earn Assets will vary depending on the Launchpool Offer and Binance Japan reserves the right to vary the types of such supported assets from time to time at its sole and absolute discretion.
Participation in Launchpool is subject to eligibility based on your country or region of residence and Binance Japan’s KYC and compliance procedures.
E. Interests
The amount of interests earned as rewards for each Launchpool Offer may vary. The amount of interest that you will receive for participating in a Launchpool Offer will also vary and generally will be calculated by reference to your total amount of deposited assets through Simple Earn as a percentage of the Total pool of assets for that particular Launchpool Offer (i.e., the total amount of assets deposited by users participating in the specific Launchpool Offer).
The interest received by participating in a Launchpool Offer is, in principle, of the same type as the Launchpool Simple Earn Assets. Binance may at its sole and absolute discretion to determine the timing and amount of interest granted and may change these at any time.
By depositing your Launchpool Simple Earn Assets during the Launchpool Period, in accordance with a Launchpool Offer, you will accrue interests in accordance with the Launchpool Offer and Launchpool Terms. Your total accrued interest will be transferred to the users’ Spot Account at Binance Japan’s sole discretion and timing after it has been accrued. If the user is no longer a Binance Japan user for any reason before the interest is transferred, such user will not be able to receive the said interest.
For all assets deposited into Simple Earn under each Launchpool Offer, Binance Japan Simple Earn Terms will apply, except where otherwise specified in the Launchpool Terms.
According to Simple Earn Terms, You will generally be able to unlock your Launchpool Simple Earn Assets at any time with no delay, following which your assets will be available for other purposes including participating in any other available Launchpool Offers. However there may be a delay in unlocking your deposited assets in some circumstances, including but not limited to events of extreme market volatility, network delays, validator or protocol failure, a significant number of simultaneous instructions to unlock deposited assets from other Binance users, or other unanticipated events. Additionally, if the users terminate the Launchpool Simple Earn during the period specified in the Launchpool Offer, the user will not be entitled to receive any interest under the Launchpool Service.
F. Definitions
Unless otherwise defined, capitalised words used in these Launchpool Terms shall have the same meaning given to them in the Terms of Use. The rules of interpretation set out in the Terms of Use shall apply to these Launchpool Terms, except that references to clauses are to clauses in these Launchpool Terms, unless otherwise stated.
