GlacierLaunch Tiered Launchpad Model
Hey everyone, what a fantastic launch we had! Great first few hours, and let’s take this as a good first step into our brand and the new year! For our new members, we want to make sure you know all the ins and outs of the way the launchpad will work and how the fair tier system operates, so without further ado:
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The Glacier Launchpad will be a premier IDO platform on the Avalanche Network. Glacier Launchpad will empower investors and create a path for cryptocurrency projects to participate in and provide token sales for upcoming DeFi crypto projects.
Glacier Launchpad has developed a solution that will incentivize and reward all holders of the token in an inclusive capacity that also offers a low barrier to entry.
One of the key issues in many of the existing Launchpads, such as DXSale, is the ability to acquire a substantial amount of tokens which can be limiting to investors. Furthermore, even if that is not an issue, no one is guaranteed an allocation spot as they are typically done on a first come first serve basis. Some IDOs have whitelisted spots, however, even those can be flawed as they can be manipulated in the favor of “friends and family” so to speak. Glacier Launchpad will be every investor’s home to equal opportunity, decentralized launches that will empower $GLAC holders.
The brilliance of the Glacier Launchpad model is that it will guarantee fairness through two crucial aspects. There will be no chance of a lottery based system or botted presales; fair IDOs for all participants. Here’s how it functions:
$GLAC Allocation System (Round 1)
Glacier Launchpad employs a fixed tier system based on the number of native tokens being held.
Key Aspects of the Info-graphic:
Gold = 10 trillion $GLAC with weight of 60
Silver = 5 trillion $GLAC with weight of 25
Bronze = 1 trillion $GLAC with weight of 5
Each tier will be have a fair opportunity to participate and buy tokens from the IDO
The higher you are in tier, the greater number of tokens you can purchase
These tiers were customized and catered to cultivate the Glacier ecosystem
The tiers allow traders from every aspect of the spectrum, large or little, given that lower tiers have a low barrier of entry
Larger holders of the token are incentivized to hold by being given access to higher tiers that offer bigger allocation and using that incentive to prevent price volatility for all holders
Example Breakdown for IDO Token:
To better explain how the launchpad will function, let’s create a scenario. Project X Token is launching on the Glacier and is selling 345,000 tokens. Let’s do some math. If there are 200 members in the Bronze Tier with a weight of 5, 50 members in the Silver Tier with a weight of 25, and 20 members in the Gold Tier with a weight of 60. The math, totaling the combined weight, would come out to:
Total Weight: (200*5) + (50*25) + (20*60) = 3450
This means,
Each share of token allocation: 345,000/3450 = 100
The token amount per tier,
Bronze: 200 * 100 * 5 = 100,000
Silver: 50 * 100 * 25 = 125,000
Gold: 20 * 100 * 60 = 120,000
The above formula is calculated by the following,
Users in Tier * Share Allocation * Pool weight of Tier
Within each tier, total number of tokens that can be purchased by a user will be,
Total Tokens Allocated to Tier / Total Users in Tier
In the case of this example, each user, designated by tier, would be able to buy,
Bronze: 100,000 / 200 = 500
Silver: 125,000 / 50 = 2500
Gold: 120,000 / 20 = 6000
$GLAC First Come First Serve (Round 2):
The next logical question then becomes what will happen with any tokens that are not sold in Round 1.
When Round 2 is open, any of the tokens that have not been sold yet will be available for purchase for everybody, including those who don’t fall within the tier system parameters. This round will stay open until all tokens are sold or until the contribution period is over. Following this, the IDO will be officially closed.
What to Expect From the Future:
Something important to remember is that we must always remain open and welcoming to change. This industry moves fast and being able to adapt within the landscape will be crucial to flourishing. In order to ensure that, we will be collecting:
- Feedback on the structure from the community
- Data to make sure we can evolve as necessary
The system we have designed is predictable in its nature and therefore will be a good basis to provide fair opportunities to holders. It will also provide proper incentives in the tier based structure to accumulate and hold $GLAC and also guarantee a strong starting community for any projects launched on our platform. As mentioned, we will continue to monitor and tweak the details, and continue including additional utility, tiers, and more to make it as rewarding as possible for all community members.
Once again, to reiterate the mission of our project, this Launchpad will help us continue to develop our growth within the Avalanche Ecosystem, and continue to be a catalyst to facilitate user migration from other Smart Chains such as BSC and ERC-20.
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