Wen Tiers? Tiers now. The long awaited question has been answered.
Probably the most asked question on TG, Twitter and all over by $NAUT — Astronaut holders, and we do understand why. $NAUT’s utility is to be able to tier into a pooled IDO according to your pool weight so we will explain how it works on this article to clear up any questions. Please read this over carefully.
The tiers are as follows:
- Moon — 500 NAUT
- Mars — 1500 NAUT
- Star — 2500 NAUT
- Galaxy — 5000 NAUT
- Black Hole — (Unreleased yet)
What does this mean? Holders of these amount’s of NAUT tokens get access into the pools when the IDO’s are live. They are automatically whitelisted through a snapshot system which gives them the access to get into the pool. How do the different tiers get a guranteed allocation? This is where it gets a bit more complicated.
The pool weights are as follows:
- Moon — 20
- Mars — 50
- Star — 75
- Galaxy — 125
(Let’s do some math to explain how these weights work, we will keep the numbers simple so you can better understand the process:)
140 Participants are included in this “demo” IDO with 1,000,000 tokens for sale:
100 Moon, 25 Mars, 10 Star, 5 Galaxy — Participants
(Pool equation = Pool weight x Participant)
20 x 100 = 2000
50 x 25 = 1250
75 x 10 =750
125 x 5 = 625
Total Weight: 4,625
(Weight equation = Tokens / Total weight or 1000000 / 4625 = 216.21)
(Pool equation x Weight equation)
20 x 100 x 216.21 = 432,420
50 x 25 x 216.21 = 270,262
75 x 10 x 216.21 = 162,157
125 x 5 x 216.21 = 135,131
Then just divide the pool weight by the amount of participants in each pool tier so it looks as follows:
432,420 / 100 = 4,324 Tokens participant
270,262 / 25 = 10,810 Tokens per participant
162,157 / 10 = 16,215 Tokens per participant
135,131 / 5 = 27,026 Tokens per participant
This is how it works! Review this so you can better understand the process of the tier schedule. We will extract feedback and data regarding the pool weights and tier levels after every IDO launch. If all the tokens in the pool have not been bought we would do one of two things (which we are still deciding on)
- Make a second round as a FCFS system for tier holders in place
- We would open the pools to the public to get some allocation such as a crowdsale style.
The second choice benefits NAUT holders by allowing more people to get a feel of the platform and possibly want to get into the next IDO launch and actually have a spot in the tier. It also will create a better chance to fulfill the full hard cap raise (note we will never subscribe over 100% of the hard cap as we guarantee allocations to every participant in the tier)
We will have a follow up post explaining the full process from A-Z of how to enter how to stake and how to claim tokens from an IDO.