Open any of the following pools & Stake $XGT according to the $XGT tiers:
- xDAI IDO/INO(ERC20)
- XGT IDO/INO(ERC20)
6 hours before the IDO/INO sale starts, your $XGT stake will be automatically locked in any of the IDO/INO pools mentioned above.
After your stake has been automatically locked, you can view “Your Tier” in the any of the pools mentioned above to see what allocation you have in the IDO or what early access you have in the INO sale.
Your $XGT stake will be locked for 5 days after the IDO or INO sale start date.
BSC IDO/INO pools will be released soon.
$XGT INO TIERS
To get early access in the upcoming INOs on Xion Finance, you will need to stake $XGT at least 6 hours before the INO start date/time.
To get early access you are required to stake any of the following:
To get a guaranteed allocation in the upcoming IDOs on Xion Finance, you will need to stake $XGT at least 6 hours before the IDO start date/time.
To be eligible for any of the tiers you are required to stake the following:
ROOKIE X - 250 XGT Staking Required (0.25x Pool Weight)
ROOKIE — 2k XGT Staking Required (1x Pool Weight)
PRO — 16k XGT Staking Required (3x Pool Weight)
VETERAN — 29k XGT Staking Required (6x Pool Weight)
ELITE — 58k XGT Staking Required (14x Pool Weight)
The more you stake, the bigger your allocation will be in the IDO
Locking Periods for IDOs & INOs
To ensure a fair launch for all IDO/INO projects, your $XGT stake will be automatically locked for 5 days from the start date of the IDO/NFT sale.
This makes sure that any guaranteed staking participants are actively staking before, during and after the IDO/NFT sale. Reinforcing the staking requirements to avoid allocations being distributed to investors that have not staked according to the specified tiers.
How Subscription Boosts, Base Allocations & Pool Weights Work for IDOs
We identify stakers that have the boost(subscribed to the $1 subscription) and then identify each tiers pool weight.
ROOKIE — 1000 STAKERS X1 POOL WEIGHT = 1000
PRO — 500 STAKERS X3 POOL WEIGHT = 1500
VETERAN— 250 STAKERS X6 POOL WEIGHT = 1500
ELITE— 100 STAKERS X 14 POOL WEIGHT = 1400
Let’s say there are 10 of each tier that have the boost, in that case we have a total sum of 5400 weighted stakers.
ROOKIE — 10 STAKERS X1 POOL WEIGHT = 10
PRO — 10 STAKERS X3 POOL WEIGHT = 30
VETERAN — 10 STAKERS X6 POOL WEIGHT = 60
ELITE— 10 STAKERS X 14 POOL WEIGHT = 140
240 weighted stakers that receive a guaranteed allocation boost, which leaves 5160 weighted stakers that have no boost. Essentially, we add 35% to the boosted ones and reduce the amounts for the non-boosted ones accordingly.
Now with $50,000 and the old amount of 5400 it was $9.259 per weighted staker. Now we have two values, one for the boosted stakers and one for the non-boosted stakers.
Therefore, that would be $9.117 for the non-boosters (5160*9.117 = $47,043) and then $12.307 for the boosted ones (9.117 plus 35% = $12.307), so a total of $2,957 for the boosters which leads and to $50k the $9.117 value is 50,000/(5160+240*1.35).