The Tier System for IDO
Recently, Iotexpad had improved its tier system to ensure a better entry for users giving a fairer chance for everyone to participate with a 6 tier system.
After careful research in the market, the best approach for Iotexpad’s IDO’s were to be granted with guaranteed allocation all users in all tiers.
Tiers: (All Guaranteed Allocations)
Tier 1: Bronze: Stake 500 TEX, 1 Pool Weight
Tier 2: Silver: Stake 2,000 TEX, 5 Pool Weight
Tier 3: Gold: Stake 5,000 TEX, 12 Pool Weight
Tier 4: Emerald: Stake 10,000 TEX, 26 Pool Weight
Tier 5: Ruby: Stake 20,000 TEX, 55 Pool Weight
Tier 6: VIP: Stake 40,000 TEX, 120 Pool Weight
The Round System:
The two round system is utilised when round 1 is not sold out. Round 1 is the round where all whitelisted users participate according to their tier with the guaranteed allocation. However in the even that Round 1 does not sell out, then iotexpad will open a round 2 which is a FCFS round for all whitelisted users to participate in.
How does pool weight work?
Refer to our medium article explaining it.