We’re proud to announce that the much-awaited tier subscription model for $MATPAD is here. We tried to structure the tier allocations as best as possible to fit everyone. $MATPAD holders who wish to participate in upcoming IDOs will be required to stake their $MATPAD tokens to register for upcoming IDO sales.
MaticPad IDO Subscription Tiers:
The total number of tokens you hold decides which tier you are entitled to:
Tier 1 — Whitelist Allocation — 2,000 $MATPAD
Pool Weight — x1
Actions required : Social activities, Staking
Tier 2 — Whitelist Allocation — 5,000 $MATPAD
Pool Weight — x3
Action required — Social Activities, Staking
Tier 3 — Guaranteed Allocation — 20,000 $MATPAD
Pool Weight — x3
Action Required — Staking
Tier 4 — Guaranteed Allocation — 30,000 $MATPAD
Pool Weight — x5
Actions Required — Staking
Tier 5 Guaranteed Allocation — 40,000 $MATPAD
Pool Weight — x10
Actions Required — Staking
What are MaticPad Dual Staking Pools?
Dual Staking Pools will allow stakers to earn $MATPAD rewards and tickets in MaticPad IDOs. In order to participate in IDOs, users will need to stake their $MATPAD at least 7 days prior to the launch of any IDO.
You will continue to generate rewards until you hold tokens in the staking pools. The pools that you will stake your tokens in will be a deciding factor in which tier you are allowed to participate in during the IDO.
For eg. You staked tokens in the pool on 1st of June, you would only be eligible to participate in IDO after 7 days i.e. 8th June onwards.
We examined the distribution of MATPAD holder wallets, taking into account many variables such as vesting dates, expected fundraising targets of future launch projects, and the growth of the MATICPAD network. To benefit our investors, MaticPad has completely made our tier structure with 3 goals in mind: accessibility, incentives for holding $MATPAD, and the long-term health of MATICPAD. Staking will be available directly on our web application when it launches.
Staking
Our staking pools will be opened for all and every size of token holders. Rewards will be distributed accordingly based on tokens staked.
Although you continue to generate rewards from staking, your ability to participate in IDO will be based on the minimum threshold of tokens that you hold based on tiers.
Staking rewards and calculations will be posted in a separate article.
Pools Distribution
Much consideration has gone into designing the tier requirements in a way that provides access to early adopters while limiting the number of community members who can qualify for placement. As with any limited asset, tier positions should be expected to price out smaller players; for this reason, tier requirements are subject to governance. They may be restructured or reformatted to a model which allows the community to grow, and/or to make the tiers more accessible.
For now, everyone will have to stake once in our pools and be eligible for tickets across all IDO that will be done on MATICPAD.
Let's assume you eligible for Tier 1 Whitelist Allocation and have 1 ticket to the pool, then;
If the total tickets in the pools are 100, and the total pool size in dollars is $10,000; you are eligible for $100 worth of allocation.
Allocation per ticket = (Total allocation for the tier/total tickets)
There is a cliff of 5 days before you are eligible to participate in the upcoming IDOs.
The number of tokens you hold will be a deciding factor for the tier that will be opened for you.
Boosters
We will have boosters to ensure that you guys will have enough chance to be able to participate in IDO of your choice.
How this will work is, next to the participate button on the IDO page, you can click the “boost” button and select one of the 3 options:
1. 1x boost — 50 $MATPAD
2. 3x boost — 100 $MATPAD
3. 5x boost — 150 $MATPAD
Each booster will collect your tokens and burn half immediately and the rest half will be moved to the rewards ecosystem that will be used in pools.
1x boost means, if you have staked 2000 MATPAD and are eligible for 1 ticket in “tier 1” rank for the IDO, your participated tickets will be doubled. 3x is 3+1 tickets to the IDO pool and 5x is 5+1 tickets to the IDO pool.
Staking Rules
1. If you unstake before 5 days, a 0.5% fee will be levied on your total staked amount and rewards will be forfeited.
2. If you unstake before 21 days, a 1% penalty will be levied on your total unstake amount including rewards.
3. The staking rewards will be available to you ONLY after a complete cycle of 30 days minimum.
After 30 days, you are free to unstake if you wish, but if you unstake and then re-stake, you will have to go through the rewards cycle again. This is also true for IDO participation. If you unstake and re-stake between those 5 days, you will not be eligible to participate in the IDO i.e. you must stake for at least 5 days prior to the announced IDO launch date in order to b eligible for IDO sale.
About Maticpad
MaticPad is the First Cross-Chain Decentralized Accelerator Platform Based on Polygon that Helps Project Build, Raise and Launch. Enabling innovators to build projects right from an idea to mint/sale, building custom smart contracts, and strategize listing and deployment all from a single dashboard on any supported chain.
