AVXL Tier System — Simplifying IDO Allocation Process

Please note that this is the older version of AvaXlauncher tier system. Check this article to know all the latest info on our tiers.

Hello Avaxlauncher Community,

It has been a while since we are discussing what is the best tier system for our community and we are really glad and excited to announce that the AvaXlauncher community will now use one for IDO allocation.

We have been working continuously on community’s feedback and, with an aim to fairly reward our users and investors in, we have decided to introduce AVXL Tier System. Unlike other launchpads, this tier system will incentivise both new and early supporters of community and token, hence the perpetual staking pool will remain in place! :)

This Tier System will ensure that our token stakers get guaranteed allocation of upcoming IDOs and do not depend on luck or FCFS, ensuring stakers of a prime access to all IDO’s.

AvaXlauncher has designed 6 tiers based on the Top mountain peaks to provide guaranteed allocation to $AVXL stakers. This system will be transparent to all and stakers will be allocated pool size per the Tier they have participated in.

Pool Weightage Calculation:

Let’s suppose we have given participants (check table below) in each tier and perpetual stakers for $100,000 IDO pool size —

Now the combined weight of participants will be:
(5x20) +(10x12) +(20x10) + (30x5) +(50x2) + (100x1) + (100x5)= 1270

Amount of each share will be: 100000/1270 = $78.74
Amount to each pool: users x share x weightage

For Cho-Oyu:
Total Pool Amount: 100 x 78.74 x 1 = $7874
Amount per user = Total pool amount / no of users in the pool = 7874/100 = $78.74

For Makalu:
Total Pool Amount: 50 x 78.74 x 2 = $7,874
Amount per user = Total pool amount / no of users in the pool = 7874/50 = $157.48

For Lhotse:
Total Pool Amount: 30 x 78.74 x 5 = $11,811
Amount per user = Total pool amount / no of users in the pool = 11811/30 = $393.7

For Kangchenjunga:
Total Pool Amount: 20 x 78.74 x 10 = $15,748
Amount per user = Total pool amount / no of users in the pool = 15748/20 = $787.4

For K2:
Total Pool Amount: 10 x 78.74 x 12 = $9,448.8
Amount per user = Total pool amount / no of users in the pool = 9448.8/10 = $944.88

For Everest:
Total Pool Amount: 5 x 78.74 x 20 = $7,874
Amount per user = Total pool amount / no of users in the pool = 7874/5 = $1574.8

For Perpetual Stakers:

Total Pool Amount: 100 x 78.74 x 5 = $39,370
Amount per user = (Tokens staked x time) / ( ∑tokens staked x ∑time)

∑ Tokens staked = number of total tokens stake in perpetual staking
∑ time = total weightage of time for which total tokens are staked in perpetual staking

Note:

1. User to stake the tokens minimum for 7 days (or more, depending on the tier requirements)

2. UI will display the pool name based on the no of tokens user staked

3. NO automatic unstake of the pool tokens after the staking period. User is part of the tier until he choses to voluntarily unstake

4. With each IDO announced, user has to sign a metamask signature to confirm the IDO participation

Please note that this is the older version of AvaXlauncher tier system. Check this article to know all the latest info on our tiers.

Join us on:

Twitter | Telegram | Telegram Announcements | Website

--

--

--

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

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

“Seabed Mining Race”: How To Objectify Virtual Crypto With Real Metals (Part I)

Are Russian oligarchs driving up the Bitcoin Price?

In June, the Ethereum team will move the Ropsten testnet to the Proof-of-Stake algorithm

PHUTURE DAO; The Overview

Bitcoin or Ethereum ?

Integration with DeFi and DEX in #Metahash

EL SALVADOR ANNOUNCES A PLAN FOR 100% RENEWABLE BTC MINING, DRIVING THE CRYPTO MARKET UP.​

EL SALVADOR ANNOUNCES A PLAN FOR 100% RENEWABLE BTC MINING, DRIVING THE CRYPTO MARKET UP.​

Payouts from piratecash.io (2021 edition)

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
AvaXlauncher

AvaXlauncher

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

More from Medium

OIG AMA with Dinoland

Token Genesis Event, Staking and Tiers Mechanism Explained

ACY Finance: Wining against the Bots

MeDIA eYe — Dual IDO Launch on BSCPad & ETHPad