Token Utility
Reasons why you should buy & hold $EVO token
Holding $EVO tokens will have the following utilities:
- Access to the IDOs proposed on the platform – Whatever the blockchain is, depending on our tiered system.
- From a governance perspective, users will actively participate in the team's decisions, such as staking periods or blockchain to support, for example.
- LP holders will be also be eligible to participate in voting, aimed at bringing in only the projects best suited for platform’s current needs. It is what makes our project truly decentralized, since only the community members are currently in position of $EVO tokens.
EvolvePad has designed 6 tiers based on the Evolution system theme. Depending on the project developments and feedbacks, tiers might be reviewed.
The different tiers vary in terms of requirements in terms of number of $EVO tokens to stake and the staking duration required. Tiers have different IDO allocations as explained in the next section.
bacillus – Bacillus tier requires to stake W $EVO tokens during a minimum of 7 days to allow the staker to participate in a lottery and potentially be whitelisted for the IDO.
Coral – At Coral tier, users share a guaranteed allocation when staking a minimum of X $EVO tokens during a minimum of 7 days. The allocation is weighted based on the Amount of $EVO tokens staked.
Primate – At Primate tier, users share a guaranteed allocation when staking a minimum of Y $EVO tokens or stake during a period of a minimum of 10 days. The allocation is weighted based on the Amount of $EVO tokens staked.
Homosapians – To reach Homosapians and be on the nicest moon, it will be required to stake a minimum of Z $EVO tokens during a period of a minimum of 14 days. The allocation is weighted based on the Amount of $EVO tokens staked.
Robot – To reach Robot and be on the nicest moon, it will be required to stake a minimum of XY $EVO tokens during a period of a minimum of 14 days. The allocation is weighted based on the Amount of $EVO tokens staked.
Cyborg – To reach Cyborg and be on the nicest moon, it will be required to stake a minimum of YZ $EVO tokens during a period of a minimum of 14 days. The allocation is weighted based on the Amount of $EVO tokens staked.
W, X, Y, Z, XY & YZ will be defined upon the first IDO on the platform. A dedicated article will be written and available for disclosing the staking requirements.
Last modified 1yr ago