Seedify.fund Launchpad is the third and final part of a project's journey in our ecosystem.
The first part is:
seed funding -> where projects get their initial funding
The second part is:
-> where projects get stronger through the support systems driven by community involvement program and solution partners program
And the third part is:
launchpad -> where projects can launch their IDO events and sell their tokens for funding before market release
While Seedify.fund Launchpad is the third of this journey at our ecosystem, projects who only want to use the Launchpad part without prior seed funding and incubation, can do so by applying, and winning the community votes.
Since IDOs (Initial Dex Offerings) are events that fill up pretty quickly, most launchpads use a system where only token holders become eligible for whitelists.
Seedify.fund's Launchpad has a tier based system in regards to this;
Tier 1 - 100 SFUND : While there will be many token holders at this particular tier, the smart contract will randomly choose a particular number of token holders for whitelists before each IDO in this tier.
Tier 2 - 1000 SFUND : Will be guaranteed allocation on this tier. The allocations on this tier will be higher compared to tier 1 as well.
Tier 3 - 10000 SFUND: The allocations will be guaranteed on this tier, and will have highest allocation caps relative to all the other tiers. (For reference, kindly read below)
Difference between Tier 2 and Tier 3 and how they are calculated: While tier 2 and tier 3 are both guaranteed allocations; tier 3 will have highest allocation caps per wallet, since the amount of people who are in tier 3 are much less compared to tier 2.
The allocations for each tier will be:
Tier 1: 34%
Tier 2: 33%
Tier 3: 33%
For example, if an IDO is trying to raise 1 million USD, $340.000 will be allocated to tier 1, $330.000 will be allocated to tier 2, and $330.000 will be allocated to tier 3.
The calculation method for guaranteed tiers will be:
Total Allocation For Tier divided by Total Amount of Wallets in that certain tier.
For example, if 1000 people are in tier 2, they will each get $3.300 allocations if the total cap for that tier is $330.000 in a certain IDO. And if for example, there are 100 people in tier 3 in the same IDO, they will each get $33.000 allocations. *These examplary numbers will vary for each IDO according to raise cap, and holders in tiers, although the calculation method described will be constant on every single IDO.
Initial Funding Tier - 100000 SFUND: This tier’s purpose is to provide funding to projects that need some funding right before their IDOs, if some projects need that initial funding.
People with 10k SFUNDs will also be able to join the initial funding pool too, although their allocation will be smaller compared to people with 100k SFUNDs. (The initial funding rounds will not happen for each IDO, they will be happening only when there is a necessity for such rounds.) 50% of initial funding rounds will be allocated to people with 10k SFUNDs, and the other 50% of the initial funding rounds will be allocated to people with 100k SFUNDs. Since the amount of people with 100k SFUNDs will be a lot less, thus they will get more allocation during the initial funding rounds. * Thus through the tier system approach SFUND holders who hold more SFUNDs gain more DeFi benefits from Seedify.fund Launchpad.
Also while SFUND holders are using the staking system benefits, and/or yield farming mechanism, their SFUND holdings will still count towards IDO allocations. Through this methodology, Seedify.fund Launchpad provides a double benefit system;
Where SFUND holders can continue to earn rewards from all projects we seed fund through the funding pool by staking; while also becoming eligible for IDO allocations. In the same way, yield farmers' SFUND holdings in the LP pools will be counted towards Launchpad allocation tiers.