DOTPAD Tiered IDO Model

DOTPad is the first decentralized IDO platform for the Polkadot Network. DOTPad will empower investors and allow cryptocurrency projects creators the ability to provide token sales for upcoming DeFi crypto launches.
DOTPad has found a solution to incentivize and reward all token holders in a way that is inclusive and with a low barrier to entry.
The fundamental flaws of existing launchpads is that acquiring enough tokens to participate in the ecosystem is prohibitive, and even if you do hold the tokens, you are not guaranteed an allocation spot. They are based on a first come first serve…
Tiered:Apprentice;Staking Requirement:0.1 Trillion;Pool Weight:10
Tiered:Intermediate;Staking Requirement:0.2 Trillion;Pool Weight:25
Tiered:Senior;Staking Requirement:0.5 Trillion;Pool Weight:65
Tiered:Master;Staking Requirement:1 Trillion;Pool Weight:145
In the first round, called the “Allocation Round”, users can purchase the amount allotted to them based on their tier.
In round 2, the unsold tokens from the first round are made available. All tiered members can purchase an additional amount that is determined by a tier-based formula. The second round buying window opens at the same time for all members, regardless of tier level. This round is open until all tokens are sold, typically lasting for only a few minutes. After all the tokens are sold, the IDO is concluded.
Our system is a predictable and provably fair system giving our users the proper incentives to accumulate and hold tokens and support each and every project launched. Over time, we will tweak weights, add new tiers and change other parameters as necessary to keep the system functional, competitive and rewarding for all community members.