Introducing Solanium Tiers [Updated]
Welcome to our reveal of Solanium Tiers. Solanium Tiers is the core of the Solanium platform and represents a certain score of commitment. Each tier comes with its own benefits and privileges. To find out more, including the minimum you must do to qualify for a tier, this is a must read!
You can head over to our staking page ▶️ https://www.solanium.io/stake
Solanium Tiers and Solanium Staking go hand-in-hand. To qualify for a specific tier, you must hold a minimum amount of xSLIM tokens. To get xSLIM tokens, you MUST be staking SLIM tokens. xSLIM are governance tokens with specific utility, and are therefore not tradable or transferable.
Remember: If You Don’t Stake, Your Investment Won’t End Up In Tiers, But Tears..
As we have said, in order to qualify for tiers, you need to hold xSLIM. And, in order to receive xSLIM, you have to stake your SLIM or SLIM-LP tokens.
As mentioned in our white-paper, our staking mechanism is inspired by the Curve.fi veCRV staking model. Here are some of the notable features:
- If a holder locks their stake ahead of time, they can receive a bonus multiplier on their xSLIM balance.
- Staked tokens may only be withdrawn when the selected lock-time has passed. But, as previously mentioned, SLIM can always be re-locked to reset the multiplier to it’s maximum.
- The maximum lock-time is 1 year. Maximum lock time reward ratio is 1 SLIM = 1xSLIM. If a holder chooses to lock for 6 months, it is half the maximum. Therefore, the reward ratio for 1 SLIM = 0.5 xSLIM, and so on.
For example: You have 1000 SLIM tokens. You will lock these for 3 months, this means you will receive 250 xSLIM on the first day of your stake. Each day your balance will decrease by 2.77 xSLIM. After 30 days you have 166 xSLIM and you decide to re-lock your initial stake for 3 months again, so your new balance is 250 xSLIM.
Requirement: 100 xSLIM
Requirement: 1000 xSLIM
Requirement: 5000 xSLIM
Requirement: 10,000 xSLIM
Requirement: 50,000 xSLIM
We are continuously evaluating our distribution model to make it the most fair model out there. An example of the distribution of our last sale:
Total raise: 160 000 USDC
Tier 1: $57 USD allocation (15% win rate)
Tier 2: $79 USD allocation (30% win rate)
Tier 3: $90 USD allocation (90% win rate)
Tier 4: $162 USD allocation (guaranteed allocation, 100% win rate)
Tier 5: $771 USD allocation (guaranteed allocation, 100% win rate)
Frequently Asked Questions
What will be the name of the Tiers?
It will be just Tier 1 to 5.
How to increase chance in Lottery?
You can do our social tasks to increase your odds.
What if there are no users in a specific Tier?
The ticket size will increase.
What happens to unsold tokens?
The project can decide from various options (airdrop, second round, FCFS etc).
What happens if it is more viable to downgrade your Tier (in terms of odds or allocation)
You can manually set your Tier lower to a Tier that you are eligible for.
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