After announcing last week that we had allocated the first 1 million XAVA for distribution to our early community through upcoming rewards, we are pleased to finally announce the details of our first program: The Avalaunch Farm.
The farm program, and the reward programs to come, are very much in-line with the Avalaunch ethos that is baked right into the platform. That is, our active users should be rewarded, and smaller players should be provided a means to grow larger over time. Our reward programs mirror this philosophy and act as a stepping stone toward this larger vision. When the allocation staking contracts go live, our reward programs won’t just stop, but will coalesce with the broader platform, to create a dynamic system that rewards the right users at the right time. These contracts are the first piece of the puzzle and you should expect the full picture to come into focus over time.
The Avalaunch Farm, and consequently XAVA seeping out to the early and involved, represent the very first signs of life for our platform — the rumblings of new system designed to challenge our current understanding of launchpads and beyond. In many ways, Avalaunch is an ongoing experiment dedicated to homing in on a sustainable, more resilient community-driven fundraising framework. The XAVA token is the monetary charge that runs through the circuitry of the system, and this early stage of its distribution is an incredibly exciting milestone.
The Avalaunch Farm
Our farming and rewards will go live tomorrow, 5/29/2021, at 12:00 p.m. (PST).
Two pools will be available, and users will be able to stake both their Pangolin XAVA-AVAX LP tokens and/or XAVA tokens, depending on their preference.
The URL is: farm.avalaunch.app (not live until tomorrow)
The website will go live a few hours prior to rewards beginning, and you are welcome to move tokens there, but they will not receive rewards until 12:00 p.m. (PST).
These two pools will be rewarded at different rates, with the LP token pool receiving a higher rate of rewards due to the cost of securing a liquidity position and the risk of impermanence loss. For a more simple, risk-free option, we suggest participating in our XAVA single-sided staking pool, where you can stake just XAVA to earn more XAVA.
Farm Rewards Details
- Rewards Start Time: 5/29/2021 @ 12:00 p.m. (PST)
- Rewards End Time: TBD (No Set End Date)
- Total XAVA Tokens Distributed Per Day: 7,513
Pool Reward Split
- XAVA (Single-Side): 33.33%
- XAVA-AVAX LP: 66.67%
We designed the token emission to be as attractive as possible to early participants, without also being dilutive to current and future holders.
It’s important to note that these rates are subject to change over time as we are able to observe what kind of user activity the farm experiences. These changes will always be communicated publicly and with as much notice as possible.
As always, thank you so much for being a part of our early community and supporting the vision for a more equitable and enjoyable fundraising space. It means the world to us. We know everyone is anxious to learn more about the platform and we have some details coming very soon!
About Avalaunch
Avalaunch is a launchpad powered by the Avalanche platform, allowing new and innovative projects to seamlessly prepare for launch with an emphasis on fair and broad distribution. With its values deeply rooted in the early Avalanche community, we are able to offer projects confident, informed users who are aligned with the long-term goals of the rapidly expanding application ecosystem.
Leveraging Avalanche’s scalable, high-throughput, and low-latency platform, Avalaunch is built by users, for teams, to help grow strong communities.
