👩‍🚀Launchpad Staking

Users can engage in native token sale rounds of projects, based on their eligibility and corresponding to their tier.

  • SBT and minimum number of achievements and badges (which will be determined on a per project basis) will determine eligibility in Community or Public Rounds.

  • W3GG tokens staked will determine the participants chance and therefore token allocation.

W3GG will incorporate a 9-tier system, where the first 4 tiers will be based on a raffle lottery system, with the last 5 tiers being guaranteed. We decided to go with a raffle lottery system for lower tiers so that there is a fairer chance for participants in tier 1 - 4 to be selected for participation and guaranteed allocation for participants in tier 5 - 9. There will be bonus pool weights for increasing tiers but not too drastic so that there is a fair distribution according to $W3GG token staked. Therefore the more tokens staked, the higher the tier and the higher the allocation size probability for each launchpad sale.

Tier LevelTier 1Tier 2Tier 3Tier 4Tier 5Tier 6Tier 7Tier 8Ter 9

W3GG Token Staked

1,000

2,000

5,000

10,000

15,000

20,000

50,000

100,000

200,000

Example: W3GG Token Value @ $0.07

07

140

350

700

1050

1400

5000

7000

14000

Pool Weight

1

2

5.3

10.9

17.3

23.6

63.6

136.4

295.5

Launchpad participation staking duration

30 days min.

30 days min.

30 days min.

30 days min.

30 days min.

30 days min.

30 days min.

30 days min.

30 days min.

Allocation

Raffle

Raffle

Raffle

Raffle

Guaranteed

Guaranteed

Guaranteed

Guaranteed

Guaranteed

Governance

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Allocation Selection Example

TIERW3GGMethodPool Weight (x)No. PeopleTotal Pool WeightTotal Tokens by TierBuy Cap in $ per WalletBuy Cap in $ per Wallet

9

200,000

Guaranteed

295.5

1

296

11,478

11,478

11,478

8

100,000

Guaranteed

136.4

3

409

15,894

5,298

5,298

7

50,000

Guaranteed

63.6

5

318

12,352

2,470

2,470

6

20,000

Guaranteed

23.6

70

1,652

64,167

917

917

5

15,000

Guaranteed

17.3

53

917

35,614

672

672

4

10,000

Raffle

10.9

110

1,199

46,572

423

423

3

5,000

Raffle

5.3

189

1,002

38,908

206

206

2

2,000

Raffle

2

225

450

17,479

78

78

1

1,000

Raffle

1

194

194

7,535

39

39

Using an example, if a project has a token allocation of $250,000 with a token price of $1 then the total funds being raised will be $250,000.

The way the lottery and pool weight method works is as follows:

  • For tier 1 - 4 all IGO participants that are eligible will register interest in the IGO. They will then be put into a raffle system to determine whether they are successfully chosen to participate in the IGO. If they are randomly selected to participate, then the total allocation per person will be determined by the smart contract.

  • Participants that win the chance to participate in IGOs will therefore be randomly selected and will get whitelisted automatically 24 hours before the IGO, when the snapshots are taken. In this example, 194 people who staked 1,000 W3GG tokens were successfully selected to participate and therefore will be able to purchase 39 tokens each.

  • Participants that are unsuccessful will not be able to participate in the IGO

  • For tiers 5 - 9, eligible participants who stake above 15,000 tokens will have guaranteed allocation.

  • After the registration period finishes, the smart contract will mathematically divide allocations based on the following metrics:

  • Number of staked tokens up to 24 hours before IGO

  • Pool weight

  • Successful raffle selections - number of people in tiers 1 - 4

  • Guaranteed allocations - number of people in tiers 5 - 9

  • Total tokens by tier

  • Total tokens by wallet

  • Buy cap per wallet

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