Catapult Launch with Stakedrop Format
Dear friends!
We are moving to the web version of the platform and presenting you our new product — Catapult. At the same time, we are pleased to announce a new format of public rounds token distribution — Stakedrop.
The point of Stakedrop follows from its name: you stake ATD and as a reward receive tokens of another project!
Rules
There will be several projects submitted to Stakedrop at once. The size of the Stakedrop pool as well as the personal limit will be announced for each project individually.
The staking period may vary from 15 to 45 days depending on the project. You can divide ATD between pools or stake everything in one pool. You can stake your tokens in a pool you like at any time, however, you can only withdraw ATD out of the pool after the staking period is over.
Each user who deposits ATD into the Stakedrop pool will receive an allocation in project tokens in proportion to their ATD stake. The allocations will be distributed every block. Thus, the earlier you stake your tokens, the more allocation you will receive at the end of the staking period. The distinctive feature of Stakedrop from other formats is that you receive allocation absolutely free, there is no need to buy it.
To participate in Stakedrop, you need to complete the KYC procedure in your personal account. You only need to complete the KYC procedure once in order to participate in all future Stakedrop events.
Example
Here are simple examples to help illustrate how Stakedrop works.
Project X has allocated 50,000 USDT for Stakedrop in its tokens at the allocation rate. The staking period is 15 days.
You have staked 1,000 ATD in the Project X pool. Participants have deposited a total of 500,000 ATD into the pool. For simplicity, let’s assume that all participants have staked their money at the same time at the start of the staking.
This way, your share in the pool will be 0.2% (1,000 ATD / 500,000 ATD), which means that your reward will be 100 USDT in Project X tokens (50,000 * 0.002).
If you were to stake 1,000 ATD not at the moment when staking started, but after 12 days, you would receive approximately 20 USDT in Project X tokens, because you staked 5 times less time than others.
If, say, participants have deposited only 200,000 ATD, your share in the pool will be 0.5% (1,000 ATD / 200,000 ATD), therefore the reward will be 250 USDT in Project X tokens (50,000 * 0.005).
The fewer ATD tokens deposited in the pool, the greater your share of the rewards.
Rewards will be available for claiming after the end of the staking period.
About Catapult
Launching promising projects to the moon since 2021.
