Since going live with our Governance Staking Module on 29 May, more than 2M LAUNCH holdings have been staked, representing 50% of the circulating supply! Here’s a recap on the benefits of staking LAUNCH.
Staking automatically enrolls birdies into IDO whitelists, enables IDO subscription, gives them Voting Rights and allows them to earn precious Super Eggs which can be used in SuperLauncher V2, slated for release in July 2021.
1. Staking LAUNCH gets you svLAUNCH which is required for Whitelisting and IDO participation.
1 LAUNCH = 1svLAUNCH
A Snapshot will be taken 72 hours before the IDO and birdies who have more than 100 svLAUNCH at the time of snapshot would automatically be whitelisted for IDOs.
When the IDO starts, svLAUNCH must be present in your wallet to subscribe
svLAUNCH is non-transferrable, which will prevent bad birdies from gaming the IDO
Unstaking LAUNCH has a 7-day cool-down period to safeguard against fickle birdies
The requirement for Strategic, Armada, and Rocket Tiers will be 10k, 6k, 100 svLAUNCH respectively.
2. svLAUNCH gives Birdies Proposal and Voting Rights
Governance and Auto-Listing are up next on the technology roadmap, which would take us one step closer to decentralization and drive activity in the Aviary.
If birdies hold svLAUNCH, they are given proposer or voting rights.
If you are a birdie who likes to take the lead and make any proposals for the benefit of the SuperLauncher protocol, you must hold a minimum 50,000 svLAUNCH.
If you are a birdie who prefers participating and would like to vote on protocol matters, you may hold any number of svLAUNCH. Every svLAUNCH counts as 1 vote.
For the auto-listing module, only voting rights apply as the projects will apply directly to the SuperLauncher website, and the community can vote after going through an AMA with them.
3. Holding svLAUNCH allows you to earn SUPER EGG.
SUPER EGG is a BEP-20 token with a Maximum Supply of 365,000.
SUPER EGG can only be earned if you hold svLAUNCH
200 SUPER EGG will be released daily for 5 years and shared among staker birds.
Daily Super Egg Earnt = (Your Amount Staked / Total Amount Staked) * 200
SUPER EGG can be used for a number of things in V2 which include
Additional Allocation: Burn SUPER EGG to subscribe up to 0.5% of the IDO
Priority Fill: Burn SUPER EGG to get priority fills on your additional allocation
Purchase Badges and Skills (NFTs): Used to boost IDO stats temporarily or permanently. These NFTs can be purchased from the marketplace.
4. What does this mean for the value of SUPER EGG?
SUPER EGG is designed to give you an edge as an investor birdie in SuperLauncher V2.
SUPER EGG is a tokenized representation of additional allocation, priority fills, temporary or permanent skill upgrades.
SUPER EGG can be traded on a DEX once SuperLauncher V2 is launched
SUPER EGG’s value will fluctuate from IDO to IDO, as it will factor in the IDO’s future value
In SuperLauncher V2, we will:
5. Abolish the Tier System and Introduce Guaranteed Allocations
All birdies who hold more than 100 LAUNCH will receive a guaranteed allocation, proportional to their holdings.
Those with more than 10,000 LAUNCH will be considered as 10,000 LAUNCH to prevent whale clustering.
To continue incentivizing birdies to hold more than 10,000 LAUNCH, the Staking Module emits SUPER EGG proportional to stake amount, which can be used for additional allocation, priority fills, and temporary and permanent skill upgrades in SuperLauncher V2.
6. Eliminate Whitelists, FCFS and Tiny Allocations
No more google forms, birdies. Stake LAUNCH, and with svLAUNCH, you are in.
The Staking Module will snapshot all stakers 72 hours before the IDO date and all birdies will know exactly how much guaranteed allocation they are entitled to
Birdies can start subscribing to the IDO 72 hours before the IDO starts and continue subscribing up till the IDO.
Birdies can burn SUPER EGG to get additional allocations and priority fills
Birdies can burn SUPER EGG to get temporary or permanent skill upgrades