G3 ACADEMY/ THE GOAL3 LOCKDROP
What Are Goal3 Lockdrop Positions?
Understanding the innovative approach of positions and how it works.
If you’re planning to participate in the Goal3 Lockdrop, you might be wondering what exactly are the “positions” that you’ll be receiving. In this article, we’ll take a closer look at what these positions are and how they work.
What are Goal3 Lockdrop positions?
A position in DeFi refers to the user's ownership or stake in a specific asset or allocation. This concept is also applicable in the Goal3 Lockdrop, where your position represents your share in the $GOAL3 Reward Pool.
In simple terms, positions represent the ratio of your capital compared to the total pool of locked assets. For example, if you lock up 10% of the total assets in the pool, you’ll receive a position that represents your 10% share.
Positions are an innovative way to precisely calculate the user’s contribution in the Lockdrop program, as they take into account various parameters such as the original committed capital, the extra bonus based on invited wallet’s locks, and the length of the lockup period. This ensures the lockdrop follows suit on the “fair launch” mechanism it was originally designed to be.
How will $GOAL3 be distributed based on positions?
The 1st lockdrop will distribute 25,000,000 $GOAL3 tokens in total to all participants. Therefore, the formula to calculate each user’s reward is as follow:
Est. Rewards = (Your Positions / Total Positions) x 25,000,000
- “Est. Rewards” will be an estimation of your final $GOAL3 drop.
- “Your Positions” refers to the number of positions you hold in the Goal3 Lockdrop program.
- “Total Positions” refers to the total number of positions in the program.
By plugging in your own values for “Your Positions” and “Total Positions”, you can calculate your expected allocation of tokens. The final rewards amount will only be shown after the lockdrop has ended.
Conclusion
The Goal3 team is committed to ensuring full transparency and fairness throughout the lockdrop process, recognizing its vital importance as a crucial step in the right direction.
By using positions to determine each participant’s share of the pool, the lockdrop program is designed to reward those who contribute the most, while promoting a level playing field for all participants. The team looks forward to a successful lockdrop and continued community engagement.
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