WRT UTILITY — Special Holder tier for Launchpad

Dear community, many of you have been excited and asking about a potential utility of the WRT token in relation to the release of the Launchpad to mainnet last year.

Today we are happy to announce that we have finished the work on this and there will be a new WRT token utility in connection to the launchpad!

In essence, the utility is in relation to holding a specific amount of WRT. If you hold a specified amount of WRT in the boosting vault, prior to a launch for a relevant timeframe, you will receive early access to contribute to the first come first served (FCFS) Launches.

As you know, safety is our number one priority for every party involved. Rest assured, should you use this special holder tier, the same safeguards are still valid for yourself like that you can withdraw your contribution throughout the whole launch duration still apply; this is solely about being the first at the door.

To join in with launchpad launches you must adhere to the eligibility criteria listed below. Subsequent to you meeting the criteria, you will have early access to the launchpad and be able to participate in the many Cardano projects in their early stages.

Eligibility

To be eligible to participate early for the launch of a Wingriders launchpad project, you must meet the following criteria:

• Have an effective liquidity of at least 1000 WRT tokens within the Boosting Vault

Important note: this amount can change in the future. For the initial launches it is set low in order to promote the functionality and for the community to give it a try.

Our next upcoming launches are just around the corner and we will share more details soon. You may want to consider entering your WRTs into the boosting vault as this new utility for $WRT goes into effect in the one epoch before the next launch.

How does it work?

WRT Holders Tier provides an early access advantage for participants who meet the eligibility criteria. It is required to have effective liquidity of at least 1000 WRTs in the WingRiders boosting vault, which means your WRT has to be locked one epoch preceding the epoch in which the WRT Holder Tier starts.

More information

You can find more information about WRT Holders tiers in the link below
https://docs.wingriders.com/launchpad/wrt-holders-tier