ETHPad is one of the premier launchpads in the Ethereum and Binance Smart Chain ecosystems, and is designed to provide an easy, accessible entry-route to the blossoming landscape of promising early-stage projects.
At BlueZilla, we’ve always kept genuine promise, potential and inclusivity at the core of everything we do. That’s why we not only hand select the strongest projects with stellar long-term potential, but also ensure that they are accessible to our community through a fair tier-based system that offers something for everyone.
By providing a simple entry route for practically everyone, ETHPad helps democratize access to the scintillating blockchain landscape — helping it grow from the grassroots, while providing a wealth of opportunities for our community.
To participate, you’ll need to get your hands on some ETHPad tokens. ETHPad can be traded on PancakeSwap and Uniswap, and must be staked on the official ETHPad app to unlock a tier.
ETHPad features both lottery and guaranteed allocation tiers. ETHPad stakers have three potential ways to participate. Let’s deconstruct how these work below:
Lottery System
The large majority of ETHPad users fall into the bronze tier, this encompasses any user that has staked between 5,000 and 25,000 ETHPad.
Each whitelisted bronze user earns 1 lottery ticket for every 5,000 ETHPad staked, such that:
- 5,000 ETHPad = 1 ticket
- 10,000 ETHPad = 2 tickets
- 15,000 ETHPad = 3 tickets
- 20,000 ETHPad = 4 tickets
- 25,000 ETHPad = 5 tickets
The total number of lottery tickets will depend on the number of participants, but only a fixed number of tickets will win for any IDO — this can vary from project to project depending on the total raise and the allocation size for winners.
Having more tickets simply increases the odds of winning, such that a person with 5 tickets has a 5x higher chance of winning than somebody with 1 ticket. Winners are randomly selected and can check their win status via the project IDO page prior to the IDO. Users cannot win with multiple tickets.
Here’s a quick worked example:
Let’s assume that project A is raising a total of $500,000. Out of this 10% ($50,000) is allocated to the bronze users participating in the lottery system. Assuming an allocation size of $100, this means there will be a total of 500 winning tickets.
If a total of 10,000 users participate, producing an estimated 20,000 lottery tickets, this means there is a 1/40 chance of winning per ticket. As a result, a person with 1 ticket has a 2.5% of winning, whereas a person with 5 tickets has a 12.5% chance.
Guaranteed Allocation System
For participants staking 120,000 ETHPad or more, a guaranteed allocation is available for each project.
The guaranteed allocation round uses a weighting system that increases the allocation for higher tiers. The size of this allocation available to each user depends on their tier (silver, gold, or diamond).
- Silver tier (120,000+ ETHPad staked): Pool weight 1
- Gold tier (200,000+ ETHPad staked): Pool weight 2
- Diamond tier (500,000+ ETHPad staked): Pool weight 5 (+ exclusive access to private sales)
Practically, this means a user in diamond tier will receive a 5x larger allocation than one in silver tier. As you might have noticed, the benefits increase non-linearly between tiers, such that the Diamond tier offers the best rewards per ETHPad staked.
As with all ETHPad projects, the total size of the allocation allotted to the guaranteed allocation round depends on the project and the size of its raise.
Here’s a quick worked example:
Following on from the aforementioned example, for project A (raising $500,000 on ETHPad), 85% of this ($425,000) will be split between the silver, gold, and diamond tiers.
Assuming there are 500 participants in each tier (1500 total), we can then work out the total weight of all participants as (500 * 1) + (500 * 2) + (500 * 5) = 4,000. We can then divide the total weight (4,000) into the total allocation ($425,000) to get the allocation per weight, which in this case is $106.25.
As a result, a silver tier user would receive 1x $106.25, a gold tier user would receive 2x $106.25 ($212.50), and a diamond tier user would receive 5x $106.25 ($531.25) in personal allocation.
The FCFS Round
In some cases, a small number of tokens from the lottery and guaranteed allocation rounds go unsold. These remaining tokens are then pooled together and made available on a first-come-first-served basis for platinum users.
Eligible users will be given equal access to claim a further fixed allocation from the FCFS pool. This pool will remain open until all the remaining tokens have been sold.
Here’s a quick worked example:
Assuming a total of $2,000 worth of project A’s tokens remains unsold during the lottery and guaranteed allocations rounds, these would then be allotted to the final FCFS round. If platinum users are given a personal allocation of $100 each, this would mean the first 20 users that participate in this round will secure their allocations. After which the pool will be closed.
To be part of the ETHPad community and keep up to date please follow our socials:
❒ Website: https://Ethpad.network
❒ Telegram: https://t.me/ethpad
❒ Telegram Ann: https://t.me/ethpadannouncements
❒ Twitter: https://twitter.com/ethpadofficial
