Following CardStarter’s astronomical public listing, our initial tier requirements for participating in upcoming IDOs quickly became out of reach for the average community member.
To benefit our supporters, CardStarter has completely reworked our tier structure with 3 goals in mind: accessibility, incentives for holding CARDS, and the long term health of CardStarter.
We analyzed the distribution of CARDS holder wallets, and took several variables into consideration including vesting schedules, projected fundraising goals of future launch projects, and growth of the CardStarter ecosystem.
What Are The New Tier Requirements?
First, we lowered the barrier for entry for recent CARDS holders with the new Deuces tier that has smaller requirements. At the same time, we wanted to acknowledge and reward existing CARDS holders with lower requirements and higher allocations in the Jacks, Queens and Kings tiers. We are offering the new Aces and Jokers tiers for top community members and partners that can contribute to the long term economic and fundamental health of CardStarter.
Staking Requirements and Benefits
To participate in IDOs, CARDS holders need to stake the required number of tokens for their tier in CardStarter’s staking pool for at least 7 days prior to a project’s sale.
CARDS holders can also benefit from the CardStarter Insurance Program by keeping their CARDS staked following the completion of the sale. Details of the insurance program will be published in a subsequent article.
How Is Your Allocation Determined?
We use the Pool Weight method to determine each sale participant’s allocation size. Briefly, the project’s total fundraising goal is divided by the combined pool weight of all participants, each person then receives an allocation size relative to their individual pool weight.
For a further explanation and example pool weight scenario, please refer to our original Tiers and Staking Article.
When Will The First IDO Launch?
CardStarter is in the review stage with multiple potential launch projects. Our first IDO will be in the first half of Q2 2021.