AVXL Tier structure — Important Updates

Dear Community,

What a splendid response to our tier system!

We are overwhelmed with our community’s response to the our new Tier system. The community managers’ and the team’s inboxes have been flooded with DMs either praising the tier system or giving suggestions on how to bring more improvements to it.

We made the tier system considering the low cap fundamentals of projects and to benefit as many community members as possible. Although the team spent a lot of thought in making the best tier system, we still got some suggestions from our advisors and community on how to make it even more robust.

In consideration of all points suggestions, we have brought the following changes in tiers -

  1. We have decided to eliminate the perpetual staking pool from IDO allocation — this means that participants of this pool will not get IDO allocations. This has been decided as it will remove the very small allocations users got and reduce the unnecessary sell pressure. The pool will continue to offer the 12% APY as usual.

Although these changes are very abrupt, we are sure that our community members will appreciate the greater good these changes will bring to the AvaXlauncher community. We would request everyone to support these decisions to take AvaXlauncher to even greater heights.

Summary of the updated tier system -

Summary of $AVXL tier system

Calculation of Allocation

Let’s suppose we have given participants (check table below) for each tier and perpetual LP staking pool with a raise amount of $100,000 for the upcoming IDO.

Now the combined weight of participants will be:

(5x30) + (5x25) + (5x20) + (10x12) + (20x10) + (30x5) + (50x2) +(100x1) +(100x10) = 2045

Amount of each share will be: 100000/2045 = $48.9

Amount to each pool: users x share x weightage

For Cho-Oyu:
Total Pool Amount: 100 x 48.9x 1 = $4890
Amount for one user = Total pool amount / no of users in the pool = 4890/100 = $48.90

For Makalu:
Total Pool Amount: 50 x 48.90x 2 = $4890
Amount for one user = Total pool amount / no of users in the pool = 4890/50 = $97.8

For Lhotse:
Total Pool Amount: 30 x 48.9 x 5 = $9,708
Amount for one user = Total pool amount / no of users in the pool = 9708/30 = $323.6

For Kangchenjunga:
Total Pool Amount: 20 x 48.9x 10 = $9780
Amount for one user = Total pool amount / no of users in the pool = 9780/20 = $489

For K2:
Total Pool Amount: 10 x 48.9x 12 = $5868
Amount for one user = Total pool amount / no of users in the pool = 5868/10 = $586.8

For Everest:
Total Pool Amount: 5 x 48.9 x 20 = $4890
Amount for one user = Total pool amount / no of users in the pool = 4890/5 = $978

For Alps:
Total Pool Amount: 5 x 48.9 x 25= $6112.5
Amount for one user = Total pool amount / no of users in the pool = 6112.5/5 = $1222.5

For Andes:
Total Pool Amount: 5 x 48.9x 30= $7335
Amount for one user = Total pool amount / no of users in the pool = 7335/5 = $1467

For Perpetual LP Stakers:
Total Pool Amount: 100 x 48.9 x 10= $48900
Amount for one user = (LP staked x time) / ( ∑Total LP staked x time)

“∑tokens staked” = total tokens stake in perpetual LP staking
“∑time” = time for which total LP are staked in perpetual LP staking pool

We also take utmost caution in verification of an IDO and only bring the best of the projects from the market that would benefit AVXL community along with boosting the TVL of Avalanche network.

We also want to highlight that a brand new UI revamp of the AvaXlauncher is underway and will release very soon -

Sneak peek of our revamped UI

Also stay tuned for very exciting IDOs coming to the AvaXlauncher platform.

Summary and important points:

  1. Perpetual staking pool will not be included for IDO allocations. It will continue to offer the 12% APY as usual.

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AvaXlauncher

AvaXlauncher is the first Incubator + launchpad for the Avalanche ecosystem. Website: https://avaxlauncher.com/