POLKABRIDGE NEW TIER SYSTEM FOR LAUNCHPAD IDO
PolkaBridge is a Decentralized all-in-one financial application powered by Polkadot. The PolkaBridge platform is both Multi-chain and cross-chain. Supporting Ethereum, BSC, PolkaDot, Harmony, Polygon and Solana. Including simple and fast User Interface and farming, Launchpad, prediction, lending and governance features.
The PolkaBridge Launchpad platform is a Crypto launchpad, often referred to as IDO platforms, this platform for launching new coins, crypto projects, and raising liquidity. An IDO is a platform for crowdfunding for any new project launched on a decentralized exchange platform using coins or tokens. The Polkabridge Launchpad is an Initial Decentralized Offering (IDO) platform, designed to incubate promising projects and to allow PBR holders to participate in early stage investment opportunities.
The new announcement made shows the new Tier system for Launchpad IDO. A few changes were made. Previously, the minimum requirement was 500 staked PBR, and the allocation was First come, First serve.
Now, the minimum amount to stake is 10,000 PBR tokens and must be staked at least 1 day before the IDO takes place, and this will give users guaranteed allocation.
Each IDO on PolkaBridge will now have a form that will be released some days to the IDO. this form is to be filled by stakers of 10,000 PBR and above and who wish to participate in the IDO. A list of qualified stakers who filled the form will be released on the day of each IDO and the amount of allocation they get will be specified.
And for the tier system, these will help all participants and ensure fair distribution for IDO tokens. And ensure long term holding for the PBR tokens. They are;
Tier system 1 — If you stake at least 10,000 PBR and up to 19,999 PBR, you will be qualified to share 40% of the total IDO allocation
Tier system 2 — If you stake between 20,000 PBR — 29,999 PBR tokens, you would be qualified to share 30% of the total IDO allocation
Tier system 3 — If you stake above 30,000 PBR tokens, you would be qualified to share 30% of the total IDO allocation.
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