Avalaunch Tutorial — Sale Rounds & Eligibility
In this tutorial, we will be covering the three different types of rounds contained in each Avalaunch sale. Each round has different a different percentage of the total sale, requirements for eligibility and priority.
Round Types
Every sale on Avalaunch will be broken into three rounds and occur in the following order:
- Validator Round — Guaranteed Allocations
- Community Staking Round — Guaranteed Allocations
- Public Round — Guaranteed Allocations
Each round must close before the next can begin. See below for a sample schedule.
Round Allocations
Each round begins with a different fraction of the total amount available for sale:
- Validator Round* — 10% of the total sale
- Community Staking Round — 85% of the total sale
- Public Round — 5% of the total sale
Whatever isn’t sold in the current round will move over into the subsequent round. For example, if only 5% was sold in the “Validator Round,” (instead of 10%) the remaining 5% would move into the “Community Staking Round,” making it 90% when it begins instead of the 85% minimum.
*These percentages are subject to change in the future, and certain rounds may be removed.
Eligibility
Each round has a different set of requirements which a user will need to satisfy in order to register for that round. A completed KYC is required for all rounds. If you have not completed our KYC process, please do so in our KYC Application.
After completing the requirements, you will still need to register for a sale during the set registration period. If you miss that registration period, you will not be able to participate.
1. Validator Round
Requirements:
- Own and operate an Avalanche network validator node.
- Create an account and complete our KYC Application.
- Verify ownership of your node in our KYC application.
- Verify your C-Chain wallet in our KYC Application.
This node must be active during both registration and sale to qualify.
2. Community Staking Round
Requirements:
- Create an account and complete our KYC Application.
- Verify your C-Chain wallet in our KYC Application.
- Stake XAVA in our Allocation Staking Application.
There is no minimum of XAVA you must stake, but the more you stake, the larger you allocation will be. The Avalaunch platform offers guaranteed allocations to all stakers, but there is also a maximum allocation set for each sale.
3. Public Round
Requirements:
- Create an account and complete our KYC Application.
- Verify your C-Chain wallet in our KYC Application.
You do not need to stake XAVA to be eligible for this round, but because it is only 5% of the total sale, your allocation is likely to be smaller than the previous two rounds.
Sample Sale
Below is an example of how a sale might unfold on the Avalaunch platform.
In parenthesis is just one hypothetical scenario, but will illustrate the logic of the smart contracts.
10:00 a.m. — Validator Round Begins (10%) — 2 hours
(Only 5% of the round allocation is sold, so 5% moves to the next round)
— 1 Hour Break —
1:00 p.m. — Community Staking Round Begins (90%) — 2 hours
(Since 5% moved over from the last round, this round is 90% instead of the 85% minimum. In this example, all 90% is sold.)
— 1 Hour Break —
5:00 p.m. — Public Round Begins (5%) — 2 hours, or until the total round allocation is sold.
