📢ATTENTION: UPDATING IDO TIERS❗❗
🙋Dear KDG community,
Since we released our recent article “KingdomStarter — IDO Detail Rules”, we received a positive response from the beloved KDGers. And the KDG token price increased dramatically from then, therefore we are here today to present the newly updated IDO tier system in order to be suitable for as many users as possible 💝💝
👉All of the IDOs on KingdomStarter will proceed with these new rules from 1st of December and IDO pools will be opened soon.
📌A short brief:
- The minimum amount of staking KDG to be eligible for IDO has decreased
- Adding KDG-BUSD CAKE LP Pool
- Tiers’ weight changed accordingly
- Locking day of Community Pool changed
- Total rewards for Staking Pools changed
I — Tier policy
We have updated our tier policy by adding a new pool: KDG-BUSD CAKE LP token and decreasing the amount of staking KDG to join IDO as below. On KingdomStarter, we still have 5 tiers for IDO allocation determination and exclusive benefits.
II — Staking Pools
Staking enough the amount of KDG in the right pool as below to be eligible to join IDO on KingdomStarter.
🔷For Guaranteed IDO
- Pool 1(lockup 60 days) and pool 2(lockup 30 days) with staking KDG token
- Pool 4(lockup 45 days) with staking KDG — BUSD CAKE LP token
🔷For Community IDO:
- Only pool 3 with lockup time 1 day is for Community round
- Every user has their own lockup period, meaning the lockup period starts and ends depending on when that user stakes in the pools.
- If users stake more tokens, the lockup period for the newly added staking amount will be counted from the beginning.
III. How to join
1️⃣ Step 1: Make sure you have staked enough KDG to participate in the IDO
1. Community IDO
- Stake at least 5,000 KDG in pool 3 — Stake KDG earn KDG lockup 1 day — on the KingdomStarter platform, you will have a chance to join the Community round.
Stake at: https://stake.kingdomstarter.io/#/
Condition 1: Each user needs to stake a minimum of 5,000 KDG into pool 3.
Condition 2: You need to complete all the tasks as required such as: follow media channels or share some posts.
- At the end of the whitelist period, users who meet all 2 conditions will win the community round ticket. The whitelist will be published 24h before the Community IDO starts.
- We apply the First come, first served rule.
For example, there are 1000 users on the whitelists(meet 2 conditions). And the community IDO just gives 200 tickets. The fastest 200 people( among 1,000 whitelisted users) will be able to participate and buy tokens in Community round.
2. Guaranteed IDO
Based on tier determination and exclusive benefits, if you stake at least 100,000 KDG or 6,700 KDG-BUSD CAKE LP token at https://stake.kingdomstarter.io/#/ , you will have the right to access Guaranteed IDO.
Please be noted that Guaranteed IDO is only for IDO Pool KDG-KDG lockup 60 days, IDO Pool KDG-KDG lockup 30 days and IDO Pool KDG-BUSD CAKE LP lockup 45 days. So make sure you stake enough tokens in the right pool.
2️⃣Step 2: Connect Your Wallet to KingdomStarter
Go to KingdomStarter and connect your crypto wallet to our platform. You can click on “Connect Wallet” at the top right corner of the page and choose your preferred wallet from the popup menu.
Metamask wallet is recommended for a seamless experience.
3️⃣Step 3: Stake Your KDG
Once you’ve connected your wallet, you must stake your KDG tokens. This is a mandatory step for participating in IDOs conducted on KingdomStarter and you can do this on the official KingdomStarter locking page.
a) You are free to choose which IDO pools you want to stake. We have 4 pools with different locking days and different rewards.
b) After successfully locked, your KDG tokens will be visible in the “wallet” tab. You can only unstake your tokens after the lockup period ends.
c) We will snapshot user Staking balance 24–48h before IDO opens so make sure you stake your tokens before that time.
d) KDG Holders will get more benefits other than IDO allocation according to their tier, such as exclusive NFT drops, KDG airdrops, etc. more details will be revealed soon.
4️⃣Step 4: Win Allocation
The IDO Community Whitelist Winners will be published in KDG official media channels approximately 24H before the IDO along with other information such as IDO Purchasing time and Claiming & Listing details.
And the Guaranteed IDO timeline will be constantly updated so make sure you always keep an eye on our media channels.
Please be noted that you need to prepare enough BUSD in your wallet to buy IDO tokens on time.
🏷Allocation calculation details:
If we sell 1 million tokens in the IDO, and there are 500 Star Members, 200 Mercury Members, 50 Venus Members, 20 Earth Members, 10 Mars Members.
Star has a weight of 3, Mercury has a weight of 7, Venus has a weight of 16, Earth has a weight of 35, Mars has a weight of 80.
The combined weight of all the qualifying buyers in this example is (500*3) + (200*7) + (50*16) + (20*35) + (10*80) = 5,200; The amount of tokens allocated to each weight is 1,000,000 / 5,200 = 192.
Each user in Star tier will get : 192*3 = 576 tokens
Each user in Mercury tier will get: 192*7 = 1,344 tokens
Each user in Venus tier will get: 192*16 = 3,072 tokens
Each user in Earth tier will get: 192*35 = 6,720 tokens
Each user in Mars tier will get: 192*80 = 15,360 tokens
5️⃣Step 5: Claim tokens
If you have won an allocation and participated in the IDO, you can claim tokens.
So that is all the details about updated IDO Tiers on KingDomStarter. Please read the rules carefully and get ready to join us in the first IDO, KDGers !!!
About Kingdom Game 4.0
Kingdom Game 4.0 is one of the pioneers in the blockchain and NFT game market infrastructures provider, which help to bring blockchain game projects closer to the community with KDG’s products. KDG focuses on creating a multi-function platform where users can earn profits while being entertained.
Kingdom Game 4.0 is creating a whole new platform where there is an inseparable connection between game developers, gamers and investors in today’s gamefi metaverse industry.