LeverPro: Launchpad Staking and Participation Rules

LeverFi

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LeverFi

2 min readJan 2, 2024

Launchpad Entry and Participation

Staking LEVER is the exclusive way to gain access on high potential BRC20 projects launching on the LeverPro Launchpad.
The LeverPro Launchpad offers project launch allocations, known as Golden Tickets, to stakers.
Golden Tickets give users the exclusive rights to buy into the Initial Inscription Offerings (IIOs) / Initial Dex Offerings (IDOs) for new exciting projects launching in the Bitcoin/BRC20 ecosystem,
Users with Golden Tickets can therefore participate early in the value discovery process for these projects.

LEVER Staking Program Rules

Users earn LVR from staking LEVER tokens.
LVR is a measure of Governance Power on LeverPro, and holding LVR confers additional privileges and benefits to participants on LeverPro.
Top LVR holders receives guaranteed / priority allocations of Golden Tickets.
For more information on how to stake LEVER, please reference: https://medium.com/leverfi/leverfi-governance-staking-program-empowering-decentralized-community-growth-leverfi-6f0d61e5338b

Launchpad Rules

Golden Tickets are allocated accordingly to the following holder segments:

LVR VVIPs (top 100 LVR holders)

100 Golden Tickets are guaranteed for the top 100 LVR holders.
A successful opt-in for a project launch will burn 15% of a user’s LVR to allow opportunities for new VIPs to rotate in.

LVR VIPs (top 101–300 LVR holders)

180 Golden Tickets are reserved for the next 200 leading LVR holders for token launches. This implies a 90% chance of successfully receiving an allocation.
A successful opt-in for a project launch will burn 10% of a user’s LVR to allow opportunities for new Captains to rotate in.

xLEVER Stakers (Lucky Draw System)

The remaining Golden Tickets are distributed to xLEVER stakers via a lucky draw system.
xLEVER is generated by staking LEVER.
Users who stake LEVER for longer periods receive more xLEVER, which means that smaller stakes can participate with larger stakes on an equal footing by staking for longer periods.
Each xLEVER token entitles a user to one lucky draw ticket participation.

Note: The LeverPro Launchpad Format is effective as at 1 January 2024. The Launchpad Format is expected to change over time, to adapt to changes in market conditions.