The GainsPad Lottery & Whitelist System 🎰
When projects get super hyped, jumping in can be tough because everyone wants a piece of the cake.
That’s why we had to figure out a cool way to distribute allocations among $GAINS stakers.
Let’s dive right into it 👇
STEP 1: STAKE YOUR $GAINS 🔒
www.coingecko.com/en/coins/gains
250 $GAINS = 1 ticket.
You need to stake at least 1,000 $GAINS to enter the lottery for our IDOs.
The more $GAINS you have, the higher your chance of getting whitelisted!
Our Savant and Wizard tiers at 25k and 50k GAINS staked come with 1 and 2 guaranteed winning tickets respectively, securing you a minimum allocation regardless of the lottery outcome.
These guaranteed winning tickets are cumulative with those obtained during the lottery phase.
For more information about our tier system, please refer to the following article.
STEP 2: KYC & AML 🪪
We are partnering with Blockpass to ensure that our launchpad adheres to the highest compliance standards.
It’s also a way for us to make sure that you’re not attempting to game the system.
Completing this KYC just once means you’re set for all IDOs, giving you peace of mind for the long run.
STEP 3: PASS QUIZZES (WHITELISTING)📝
Why do the strongest and best projects want to launch on GAINS?
That’s because projects are begging for knowledgeable holders and engaged members of their community, which we achieve with uniquely created short videos.
Once the whitelist is open, our educational quizzes and stunning videos will bring you up to speed with projects featured on the platform.
If your score is too low, you won’t be eligible for the lottery. On the other hand, the higher it is, the more likely you are to be whitelisted!
STEP 4: LOTTERY 🎰
If you successfully pass the quizzes, you’ll be included in the lottery process.
In the coming weeks, everything will be 100% on-chain, transparent, and trustless, all thanks to Chainlink VRF.
5 main factors can influence your number of winning lottery tickets:
- Your Amount of Tickets, based on your number of staked tokens as well as your staking duration.
- Your DYOR Score, correlated to your number of correct quiz answers (Score below 90% for no bonus, 90% earns a 2% bonus, and a perfect 100% gets you a 5% bonus.)
- Your Fairness Bonus, depending on how many IDOs you’ve previously missed.
- The Number of Participants, because the more competition there is, the rarer the winning tickets.
- The Total Raise, because the more we raise for a project, the more winning tickets there will be.
STEP 5: WHITELIST RESULTS 📢
After the lottery concludes, you can check if you’ve made it to the whitelist, along with the number of winning tickets you have and their corresponding value in U.S. dollars.
If you’re one of the lucky winners, you’ll be able to contribute from the project page on our website.
STEP 6: CLAIMING PORTAL 🌀
The culminating point involves receiving your tokens using our claiming portal, and then being able to freely transfer or sell them.
Each IDO will have a different vesting schedule mentioned on the project page, which will impact the timing of distributions.
WHAT’S NEXT? 🤔
If you are looking for a trusted place to invest in the next crypto unicorns, look no further: the GainsPad is the platform you need!
Head over to our Telegram group if you have any questions. Our team members are always happy to help!
GAINS Associates is the World’s First Decentralized VC, allowing anyone who stakes $GAINS to invest in the crypto unicorns of tomorrow.
With over 6 years of experience and several ultra-high return deals like Avalanche or Quant Network, we are removing the barriers of entry to investing.
GAINS stands for Group Action Is Never Small, embodying the collaborative spirit that is the essence of blockchain and decentralization.
In addition, GAINS provides daily news, articles, video interviews, and fun & educational events.
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