Smaugs Launchpad Tutorial — Sale Rounds & Eligibility
In this tutorial, we’ll cover two different types of rounds that every Smaugs Launchpad sale includes. Each round has a different percentage of total sales, eligibility and priority requirements.
Round Types
Every IDO on Smaugs Launchpad will be divided into two rounds and occur in the following order:
- Staking Round — Guaranteed Allocations
- Public Round — Guaranteed Allocations
Round Allocations
Each round begins with a different share of the total amount available for sale:
- Staking Round — 90% of the total sale
- Public Round — 10% of the total sale
Anything not sold in the current round will move on to the next round. For example, if only 80% is sold in the “Staking round” (instead of 90%), the remaining 10% will move to the “Public Round”, making it 20% instead of the 10% minimum when it starts.
Eligibility
Each round has different requirements that the user must meet to sign up for that round. A completed KYC is required for all rounds. If you have not completed our KYC process, please do so in our KYC Application.
1. Staking Round
Requirements:
- Connect your wallet Launchpad
- Stake SMG in our Launchpad Stake Pool
- Create an account and complete your KYC Application.
There is no minimum of SMG you must stake, but the more you stake, more allocation will be. Smaugs Launchpad platform offers guaranteed allocations to all stakers, but there is also a maximum allocation set for each sale.
2. Public Round
Requirements:
- Connect your wallet Launchpad
- Create an account and complete your KYC Application.
You do not need to stake SMG to be eligible for this round, but because it is only 10% of the total sale, your allocation is likely to be smaller than the staking round.
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