Latest Update about CheersLand Tier System and The New Whitelist for IGO Pool
🔉 Dear CheersLanders, as you are aware, we modified our tier system on April 20th, and the Tier system for upcoming IGOs in CheersLand has been slightly altered.
We intended to launch two distinct pools, as previously mentioned. We’ve chosen to merge the two pools into a single pool called Whitelist for IGO.
On April 30th, The Whitelist for IGO Pool will close at 12:00 a.m UTC. A snapshot will be taken, and all of the tier-owned wallets will be recorded. Nothing is going to be different for these tier owners after they stake their $CHEERS to the new Whitelist for IGO pool . They will continue as how it was before.
Those who desire to buy and stake $CHEERS after April 30th 12:00 AM in order to own a tier must stake the following amounts to be eligible.
Whitelist for IGO pool will begin at 10 AM UTC on April 30 and will last for six months (till Oct. 30)
The pool will be open for six months, with a total prize pool of 600,000$ CHEERS. All the 600,000 $CHEERS comes from what we bought back before.
As proof:
Txid:
0x73f5196d7c58e14f1f22e8d7d70d538de7960206f0979a0488a43d87612b0bfe
Users needed to Buy and Stake at least 5,000 $CHEERS in the Whitelist for IGO pool to be qualified Stakers. Due to market fractions, we will make some slight adjustments to the quantity of $CHEERS you must stake.
These adjustments will have no impact on existing tier owners.
Current Tier System: 👇
🗓️ After 30th April: 👇
New tiers will need to stake the following amounts in order to be qualified:
🍻 Tier 1: 20,000 $CHEERS
🍻 Tier 2: 60,000 $CHEERS
🍻 Tier 3: 140,000 $CHEERS
🍻 Tier 4: 200,000 $CHEERS
On April 30th, The Whitelist for IGO Pool will close at 12:00 a.m UTC. A snapshot will be taken, and all of the tier-owned wallets will be recorded.
The terms and conditions for both Old and New tier owners who will participate in The New Whitelist for IGO Pool are listed below.
- Old Tier Owners
Only those who were able to be in snapshot are eligible to stake as an Old Tier Owner . Nothing is going to be different for these tier owners. They will continue as how it was before.
2. New Tier Owners
Those who choose to purchase and stake $CHEERS after 30 April 12:00 AM in order to be a New Tier Owner.
How things will go on?
Rights of the former tier owners will be maintained as how they are now. This is also a last opportunity to become a new tier owner for a lower price if you stake your $CHEERS to Whitelist for IGO pool till 30 April 12:00 AM.
⚠️ Update For Staking Duration
Depending on the new Tier adjustments we also made some adjustments for unstaking fees and duration.
👉 Old Tier Owners
Those who unstakes $CHEERS before two weeks will have unstaking fee of 25%. All the collected unstaking fees will be distributed to long-term stakers which are qualified as follows:
As Old Tier Owners, there will be two types of stakers.: Loyal Staker and Loyal Staker Plus.
⭐ Loyal Staker: Staker who is Tier 4 by staking at least 50,000 $CHEERS and keep staked for at least 2 weeks.
⭐ Loyal Staker Plus: Staker who is Tier 4 by staking at least 50,000 $CHEERS and keep staked for at least 4 weeks.
Loyal Stakers will get the 30% of whole unstaking fees collected at the end of each month and Loyal Staker Plus will get 70% of the whole unstaking fees at the end of each month.
👉 New Tier Owners
Those who unstakes $CHEERS before two weeks will have unstaking fee of 25%. All the collected unstaking fees will be distributed to long-term stakers which are qualified as follows:
As New Tier Owners, there will be two types of stakers.: Loyal Staker and Loyal Staker Plus.
⭐ Loyal Staker: Staker who is Tier 4 by staking at least 200,000 $CHEERS and keep staked for at least 2 weeks.
⭐ Loyal Staker Plus: Staker who is Tier 4 by staking at least 200,000 $CHEERS and keep staked for at least 4 weeks.
Loyal Stakers will get the 30% of whole unstaking fees collected at the end of each month and Loyal Staker Plus will get 70% of the whole unstaking fees at the end of each month.
⚠️ Note: All unstaking fees of both Tier Owners will be collected in the same wallet and total amount will be distributed at the end of each month.
Tier system might be adjusted again according to the development strategy of the community in the future.
How about Grand NFT Holders?
Grand NFT holders still have the same advantages as we announced before. They will get 3 tickets of allocation as usual.
About CheersLand
CheersLand is a scalable GameFi Metaverse Aggregator where anyone can monetize their gaming experiences and social networks. CheersLand runs the Game-as-a-Service model, dual-driven in Play to Earn and Build to Earn, with the product portfolio of Gamified Launchpad, Multi-game Universe, Multi-asset Staking Platform and NFT Market, and powered developing new users by the invitation mechanism, which builds a unique and diversified GameFi ecosystem.
Now CheersLand has launched the 3 classic games, Crypto Pirates, Click² and Matching. Click here and connect your BSC wallet to play and earn! Let’s go!
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