Announcement of DarePlay’s IGO Ranking Tier System: The more $DNFT you hold & stake, the more chance to get in IGOs

Following the DarePlay’s INO Tier Rule and the launch of our first INO with Planet Sandbox game in which community members need to hold $DNFT or $PSB to get the right to buy mystery boxes, we are excited to announce DareLaunch, the launchpad for Initial Game Offering and NFT games.

Today, we would like to introduce DareLaunch’s ranking tier system for $DNFT holders & stakers. This is the prep-work we do in preparation for the first exciting IGOs on DareLaunch.

The ranking tier system will be activated from 8AM UTC, November 5th. We want to design the ranking tier system to be a little challenge for $DNFT holders in which they need to try to upgrade their tiers. At the same time, we also want to the tier system to not be too drastic and be a fair game for all community members. As the result, we would love to hear the feedback from you, DareNFT fans, on which things should we tweak about the IGO Tier System.

5 Ranking Tiers in the System

The IGO Ranking Tier System consist of 5 Tiers based on the $DNFT staking or holding amount on Binance Smart Chain.

IGO Tier 1

• % allocation: 10%
• Staking condition: 500,000<= x < 1,200,000 (x = staking balances at the time whitelist round closes)
• Tier structure: 100% lottery

Lottery structure: each 20,000 $DNFT is 1 ticket. The more ticket you have the more chance you can join IGO with the larger bag of token you can buy.

• Withdrawal time out/punishing rule (considering): 50% withdrawable 5 days after IGO, the rest 10 days after IGO or 0% if withdrawing on 10 days after IGO, 50% if withdrawing right after IGO.
• Staking APR (anticipated): 5%

IGO Tier 2

• % allocation: 30%
• Staking condition: 1,200,000<= x < 3,700,000 (x = staking balances at the time whitelist round closes)
• Tier structure: 60% lottery & 40% guaranteed

Lottery structure: each 20,000 $DNFT is 1 ticket. The more ticket you have the more chance you can join IGO with the larger bag of token you can buy.

Guarantee structure: proportionally based on all x values

• Withdrawal time out/punishing rule (considering): 50% withdrawable 5 days after IGO, the rest 10 days after IGO or 0% if withdrawing on 10 days after IGO, 50% if withdrawing right after IGO.
• Staking APR (anticipated): 5%

IGO Tier 3

• % allocation: 35%
• Staking condition: 3,700,000<= x <9,000,000 (x = staking balances at the time whitelist round closes)
• Tier structure: 50% lottery & 50% guaranteed

Lottery structure: each 20,000 $DNFT is 1 ticket. The more ticket you have the more chance you can join IGO with the larger bag of token you can buy.

Guarantee structure: proportionally based on all x values

• Withdrawal time out/punishing rule (considering): 50% withdrawable 5 days after IGO, the rest 10 days after IGO or 0% if withdrawing on 10 days after IGO, 50% if withdrawing right after IGO.
• Staking APR (anticipated): 10%

IGO Tier 4

• % allocation: 15%
• Staking condition: 9,000,000<= x <15,000,000 (x = staking balances at the time whitelist round closes)
• Tier structure: 100% guaranteed

Guarantee structure: proportionally based on all x values

• Withdrawal time out/punishing rule (considering): 50% withdrawable 5 days after IGO, the rest 10 days after IGO or 0% if withdrawing on 10 days after IGO, 50% if withdrawing right after IGO.
• Staking APR (anticipated): 10%

IGO Tier 5

• % allocation: 10%
• Staking condition: x>15,000,000 (x = staking balances at the time whitelist round closes)
• Tier structure: 100% guaranteed

Guarantee structure: equally based on number of participants

• Withdrawal time out/punishing rule (considering): 50% withdrawable 5 days after IGO, the rest 10 days after IGO or0% if withdrawing on 10 days after IGO, 50% if withdrawing right after IGO.
• Staking APR (anticipated): 15%

Upcoming IGOs

We’re expecting to launch at least 1 quality IGO within November. The IGO Tier Rule will take effect from 8AM UTC, November 5th and you can start to ‘skin in the game’ with IGO on DarePlay by holding tightly your $DNFT in your wallets now.

About DareNFT

DareNFT is the universal NFT 2.0 protocol for Digital Assets. The mainstream adoption of NFT depends on its ability to wholly reflect the benefits of digital assets. DareNFT has developed a suite of products that solve the current problems of NFT 1.0, which are: Unrecognized benefits between NFTs, Unrecognized relationship between NFT owners, and hidden risks of NFT Ownership. Our first product is DarePlay, the GameFi platform including a blockchain gaming launchpad for non-NFT games, an IGO service as well a Rent-to-Earn and Lease-to-Earn marketplaces for in-game items NFT. We have had plans to move further with the derivative NFT content platform after our first product has been completely built and well positioned in the market.

Learn more about DareNFT:

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