The SeaPad Launchpad operates on a tier system to allocate rewards and benefits to participants based on their commitment and contribution to the platform. The tier system is designed to incentivize long-term engagement and support from the community. Below is a comprehensive guide to understanding the SeaPad Launchpad’s tier system:
Stake SPT
When you choose the Stake SPT function, it is important to note that you will immediately receive your tier position within the SeaPad system. This ensures the security of your assets within the system and brings about various benefits associated with your tier.
Unstake SPT
After completing the staking process, you will have the right to unstake your SPT, but please be aware that this right is granted after a waiting period of 10 days. This waiting period is in place to maintain the stability and integrity of the SeaPad ecosystem.
By utilizing the Stake and Unstake functions, participants can actively manage their SPT holdings and tier positions within the SeaPad platform.
- Total staked tokens: the number of SPT currently staked up to the present moment.
- Stakers: Number of people who have staked
- APY stands for Annual Percentage Yield (Fixed APY)
Tier Breakdown
Tier 1:
SPT Requirement: 500
Pool Weight: 1
Tier 2:
SPT Requirement: 1500
Pool Weight: 3
Tier 3:
SPT Requirement: 3000
Pool Weight: 7
Tier 4:
SPT Requirement: 5000
Pool Weight: 15
Tier 5:
SPT Requirement: 8000
Pool Weight: 28
Lottery Allocation: 65%
Tier 6:
SPT Requirement: 15000
Pool Weight: 60
Tier 7:
SPT Requirement: 20000
Pool Weight: 110
Tier 8:
SPT Requirement: 30000
Pool Weight: 200
Tier 9:
SPT Requirement: 50000
Pool Weight: 380
Understanding the Tiers:
- SPT Requirement: This represents the minimum number of SeaPad Tokens (SPT) required to qualify for a specific tier. Participants need to hold the specified amount of SPT to be eligible for the associated tier benefits.
- Pool Weight: The pool weight determines the participant’s proportional share of rewards from the launchpad pool. Higher tiers with greater pool weights receive a larger portion of the rewards.
Example: Guild Pool Weight in SeaPad Guild — Project AQUA
In this example, we’ll explore how the Guild Pool Weight system operates within SeaPad Guild during the launch of Project AQUA, which involves various guild tiers each offering different benefits to its members.
Project AQUA Token Offering:
Total Tokens: 1,000,000
Number of Guild Members in Each Tier:
Tier 1: 150 members
Tier 2: 50 members
Tier 3: 20 members
Tier 4: 10 members
Calculating Guild Pool Weight:
Combined Purchase Power (SumOfTiers):
Formula: (150 * 1) + (50 * 3) + (20 * 7) + (10 * 15) = 650
Tokens Allocated to Each “Guild Pool”:
Formula: 1,000,000 / 650 ≈ 1538 tokens
Calculating Tokens Allocated to Each Individual in a Guild Tier:
Tier 1:
Formula: 1538 * 1 ≈ 1538 AQUA Tokens per Individual
Tier 2:
Formula: 1538 * 3 ≈ 4614 AQUA Tokens per Individual
Tier 3:
Formula: 1538 * 7 ≈ 10766 AQUA Tokens per Individual
Tier 4:
Formula: 1538 * 15 ≈ 23070 AQUA Tokens per Individual
Summary:
Tier 1: ~1538 AQUA Tokens per Individual
Tier 2: ~4614 AQUA Tokens per Individual
Tier 3: ~10766 AQUA Tokens per Individual
Tier 4: ~23070 AQUA Tokens per Individual
Tips for Participants:
- Strategic Investment: Consider your investment strategy based on the tier system. Higher tiers offer greater rewards but also require a larger commitment to SPT.
- Long-Term Engagement: The tier system encourages long-term engagement with the SeaPad ecosystem. Evaluate your commitment level and choose a tier that aligns with your investment goals.
- Stay Informed: Keep yourself updated on SeaPad announcements and changes to the tier system. Staying informed ensures you can make strategic decisions based on the latest information.
By understanding and navigating the SeaPad Launchpad’s tier system, participants can optimize their engagement and maximize the benefits provided by the platform.
About SeaPad
SeaPad is a fair, innovative, and trusted launchpad platform that builds on new emerging blockchain platforms such as Sui, Sei, Arbitrum, zkSync, and others, dedicated to accelerating the mass adoption of Web3. SeaPad’s mission is to accelerate creative ideas and bring projects to life.
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