Early vs Open Pool
What is the tier system for the Ignition launchpad?
PAID Ignition has 2 different participation pools: the exclusive Early Pool and the public Open Pool.
Pool Tiers
Ignition stands for decentralised fundraising, enabling participation equality for bigger holders and accessibility for everyone.
Ignition supports large raises for top-tier projects looking to launch, while allowing for a wider audience to get access to the launchpad and participate in fundraising activities.
The larger $PAID token holders will have priority access through their exclusive Early Pool as well as the public Open Pool.
All users will be able to participate in the Open Pool on a first-come, first-serve (FCFS) basis. They are not required to hold any $PAID tokens to participate in the fundraiser. Instead, they will only need to pay a percentage-based service fee for their contribution. By default, there are no limits placed on their participation and they can enjoy the freedom to decide their own involvement in our crowdfunding activity. If user limits are applied, they will be communicated via official channels in advance.
KYC requirements: The KYC procedure is only mandatory when buying over $1000 worth of tokens. If you choose to leave out the KYC procedure, the contribution amount to Open Pool fundraises needs to be below $1000.
Allocation Rollover Mechanism: Any allocations left over in the early pool will automatically be rolled over to the Open Pool
Explanation of Hybrid Capabilities of Early Pool:
The new ignition system we currently have transcends the limitations of the past, offering a highly flexible and customisable model.
Ignition v2 enables us to tailor each launch on a case-by-case basis, allowing for the modification of a wide range of parameters.
Regarding the Early Pool, we employ a hybrid model capable of operating in both uncapped and capped capacities.
For instance, if a project requires us to configure the Early Pool in an uncapped manner for any reason, we can accommodate this. In the uncapped configuration, over 75,000 stakers can have unrestricted access.
Conversely, the hybrid model also includes a capped, high-tech option. This approach is based on guaranteed allocations determined by your holdings; for example, staking 75,000 yields 1 Allocation, 150,000 staked yields 2 Allocations, and so on. The cap size for each project launch is calculated based on the number of individuals with stakes exceeding 75,000, ensuring efficient allocation distribution among them. This process is fully automated.
Thus, due to the model's versatility, a launch can be executed either in a capped or uncapped manner. Regardless of the approach, early access to launches remains constant. If you miss the opportunity to participate initially, you will be given prioritised access to the open pool. Additionally, there is also the opportunity to participate in the standard open pool.
We have invested considerable time and energy in ensuring that the model remains adaptable and responsive to both current and future needs.
Summary:
Capped Raises: Every 75,000 $PAID staked equates to 1 Guaranteed Allocation.
Uncapped Raises: First-Come-First-Serve (FCFS) Early Pool access for those with 75,000 or more staked.
Please continue reading for more details on the two Ignition participation pools and the tier system.
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