IDO allocation
IDO allocations will be split between the tiers depending on the levels. EvolvePad has decided on the following:
- Bacillus: Callisto Tier will split 7% of the allocation, on a first-come, first-served basis, among lottery winners.
- Coral: Coral Tier will split 10% of the allocation
- Primate : Primate Tier will split 16% of the allocation
- Homosapians: Homosapians Tier will split 20% of the allocation
- Robot: Robot Tier will split 24% of the allocation
- Cyborg: Cyborg Tier will split 30% of the allocation
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In case not all tokens are sold after a determined period , users will be able to invest half of their cap during a second round without Tier distinction
Example: Project X is raising $ 200,000, and the tier composition is as follows:
- Bacilus: 5,000 users applying for the lottery and 500 winners.
- Coral: 100 users
- Primate: 50 users
- Homosapians: 30 users
- Robot: 20 users
- Cyborg: 10 users
Lottery is performed to select whitelisted users among our tiered system. 500 users are selected in the Callisto Tier. In this case, the repartition will be done as follows:
- Bacilus: Bacilus Tier will split 7% of the allocation. Here it is important to note that winning the lottery does not guarantee a grant. 500 users will be able to invest up to $ 45, meaning that not all 500 users will be guaranteed to invest. After a determined period, the first round will be closed and another round will open, where each user that were allowed to invest in the first rounn, will be able to invest half of his max cap (here $ 22.5) on a first come first served basis for all remaining tokens to sale without Tier distinction.
- Coral: Coral Tier will split 16% of the allocation – Hence, 100 users will split $ 32,000: Elara Tier members will have a guaranteed allocation of 320$ during an initial period. After a determined period, the first round will be closed and another round will open, where each user that were allowed to invest in the first round, will be able to invest half of his max cap (here $ 160) on a first come first served basis for all remaining tokens to sale without Tier distinction.
- Primate: Primate Tier will split 27% of the allocation – Hence, 50 users will split $ 54,000: Himalia Tier members will have a guaranteed allocation of $ 1080 during an initial period. After a determined period, the first round will be closed and another round will open, where each user that were allowed to invest in the first round, will be able to invest half of his max cap (here $ 540) on a first come first served basis for all remaining tokens to sale without Tier distinction.
- Homosapians: Homosapians Tier will split 50% of the allocation – Hence, 10 users will split $ 100,000: Kalyke Tier members will have a guaranteed allocation of $ 10,000 during an initial period. After a determined period, the first round will be closed and another round will open, where each user that were allowed to invest in the first round, will be able to invest half of his max cap (here $ 5000) on a first come first served basis for all remaining tokens to sale without Tier distinction.
- Robot: Robot Tier will split 50% of the allocation – Hence, 10 users will split $ 100,000: Kalyke Tier members will have a guaranteed allocation of $ 10,000 during an initial period. After a determined period, the first round will be closed and another round will open, where each user that were allowed to invest in the first round, will be able to invest half of his max cap (here $ 5000) on a first come first served basis for all remaining tokens to sale without Tier distinction.
- Cyborg: Cyborg Tier will split 50% of the allocation – Hence, 10 users will split $ 100,000: Kalyke Tier members will have a guaranteed allocation of $ 10,000 during an initial period. After a determined period, the first round will be closed and another round will open, where each user that were allowed to invest in the first round, will be able to invest half of his max cap (here $ 5000) on a first come first served basis for all remaining tokens to sale without Tier distinction.
Assumption taken for the example: All have the same amount staked – No weight taken into consideration.
Last modified 1yr ago