KCLP IDO Tiers Update
Hello KCLP Community
KCLP is a Community-Driven Platform and we are always receptive to feedback from our community. After the update to our token allocation structure featuring the upcoming Tokens IDO, we received a lot of feedback and suggestions from the community. Here we have tried to incorporate some of the suggested changes in the new permanent Tier System structure
Below we’ve mentioned some of the changes to our Tier System structure that will be implemented permanently for all of our upcoming IDOs.
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👉 We will release a Staking Pool where the Community must stake their $KCLP Tokens if they want to get an allocation.
👉 The tokens staked in this Staking Pool will remain locked for a specific period as per the Tier for which you want an Allocation ( 7, 30, 90, or 180 Days ).
👉 The Staking Pool will be available 48 hours in advance from the time of the IDO.
👉 Once the tokens are staked, the Stakers will be able to buy tokens as per the allocations they receive in their respective tiers.
👉 Every tier has an allocated percentage out of the total allocation.
All the users staking in a particular pool will get an equal amount of allocation in their respective tiers.
What happens if we participate in the first IDO and don’t want to participate in the further IDOs?
If for any reason the stakers do not participate in the consecutive IDOs after participating in the first IDO, their staked tokens will be unlocked (unstaked) to withdraw and they will be able to withdraw their accumulated rewards which they have earned uptill the snapshot after first IDO has happened along with principle amount. These users will have to stake their tokens again once the Staking Pool opens next time, if they want to be eligible for the next IDOs.
Is there any limit to participating in number of IDOs?
We don’t restrict the users for participating in any number of IDOs as long as they are able to meet the eligibility criteria they can buy the tokens allocated to them.
The fate of current live staking pool?
The current staking pool would be discontinued and a snapshot has already been taken. The snapshot would be used to determine the rewards accumulated till now by the users and would be airdropped to the addresses automatically. For those users that want to stake their tokens only for rewards a new staking pool would soon be setup.
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🔸 Staking Structure for LaunchPad 🔹
◽️ Tier 1 :
Allocation Percentage = 30%
Required Tokens = 625
Rewards = 20% APR
Duration (Lock-in Period) = 7 Days
◽️ Tier 2 :
Allocation Percentage = 25%
Required Tokens = 3k
Rewards = 100% APR
Duration (Lock-in Period) = 30 Days
◽️ Tier 3 :
Allocation Percentage = 25%
Required Tokens = 10k
Rewards = 150% APR
Duration (Lock-in Period) = 90 Days
◽️ Tier 4 :
Allocation Percentage = 20%
Required Tokens = 30k
Rewards = 200% APR
Duration (Lock-in Period) = 180 Days
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📝 Note :
Vested tokens are not counted towards an allocation as per our new Tier System and Staking in the new pools are compulsory to get the Allocation. But those who have their Vested Tokens or Tokens Staked in our earlier Staking Pool will receive an Airdrop of the Tokens. A snapshot has already been taken for the same.
For more details:
Website : www.kucoinlaunchpad.com
Twitter : https://twitter.com/kucoinlaunchpad
Telegram: @KucoinLaunchpadofficial
