LOOPStarter tiered system will help determine the user pool weight for guaranteed token allocation in a fair and decentralized manner.
LOOPStarter Launchpad enables LOOPS token holders to take part in some of the most exclusive opportunities in the crypto industry, leveraging both LOOPStarter unique decentralized technology and NFT to boost the next generation of disruptive innovation. Each project participating in LOOPStarter will have three rounds of sales (depending on the specific project, there will be only one or all three rounds):
• Private Sales: Requires users to stake LOOPS shares and receive Access Key to join IDO. 80% of users who receive Access Key will be entitled to buy IDO, allocate access key according to Tier/Level.
• Patronize Sales: Requires users to stake LOOPS shares and receive Access Key to join IDO. 100% of users who receive Access Key will have the right to buy IDO, allocate access keys according to Tier/Level.
• Public Sales: Ask users to join the whitelist and do additional tasks such as participating in communication channels (Twitter, telegram, Discord, ..), sharing, and promoting the project. The allocation of the number of access keys will be based on the number of participants and each user's ability to contribute. 100% of users who receive the access key will have the right to purchase IDO requirements.
LOOPStarter Launchpad Tier model for IDO eligible
LOOPStarter Launchpad uses a fixed tier system based on the number of tokens held. LOOPS token holders will have guaranteed allocation according to their tier level. The allocation amount for each Tier could be changed according to the project’s allocation requirements.
- 1.We will snapshot randomly user Staking balance 24h-72h before The LOOPS round opens. Users who stake more than 18k LOOPS can get guaranteed allocation.
- 2.LOOPS Holders will get more other benefits than IDO allocation according to their titles, such as exclusive NFT drops, LOOPS airdrops, etc. more details can check here!
- 3.Example for allocation calculation:
• If we sell 1million tokens in the IDO, and there are 340 Granet Members, 50 Beryl Members, 20 Emerald Members, 10 Sapphire Members, 5 Ruby Members, and 1 Diamond Members.
• Granet has a weight of 3 - Access KEY 1
• Beryl has a weight of 12 - Access KEY 1
• Emerald has a weight of 30 - Access KEY 1
• Sapphire has a weight of 80 - Access KEY 1
• Ruby has a weight of 190 - Access KEY 2
• Diamond has a weight of 420 - Access KEY 2
• The combined weight of all the qualifying buyers in this example is: (3403) + (5012) + (2030) + (1080) + (5190 2)+(4202) = 5,760;
• The amount of tokens allocated to each weight is 1,000,000 / 5,760 = 173,6 token
• Each user in Granet will get : 173,63=520.8 token
• Each user in Beryl will get: 173,612= 2,083.2 token
• Each user in Emerald will get: 173,630=5,208 token
• Each user in Sapphire will get: 173,680=13,888 token
• Each user in Ruby will get: 173,61902 = 65,968 token
• Each user in Diamond will get: 173,6420*2 = 145,824 token
4. For each round, there is a fixed allocation for each Tier user. LOOPStarter Mystery Box NFT holders can have a higher chance to access the priority queue according to the rarity of their NFT Box, and more details about LOOPS Mystery Box NFT will be announced soon.
Key takeaways from the table
• We specifically designed the tiers to benefit the entire LOOPStarter ecosystem.
• Every tier is guaranteed to have the opportunity to purchase tokens from the IDO pool
• As you advance in tiers, the number of tokens you can purchase will increase
• Large shareholders are incentivized to stake into the upper tiers yielding higher allocation opportunities and creating less price volatility for all holders.
• We will snapshot randomly user Holding balance 24h-72h before the LOOPStarter round opens. Users who holding more than 18k LOOPS can get guaranteed allocation.