Staking and Participation Rules
Note: As of 27 March 2024, LVR is renamed as LEVP (LeverPro Points).
Launchpad Entry and Participation
Staking LEVER is the only way to gain access on high potential BRC20 projects launching on the LeverPro Launchpad.
The LeverPro Launchpad offers project launch allocations, known as Golden Tickets, to LEVER token stakers.
Golden Tickets give users the exclusive rights to buy into the Initial Inscription Offerings (IIOs) / Initial Dex Offerings (IDOs) for new exciting projects launching in the Bitcoin ecosystem.
Users with Golden Tickets can therefore participate early in the value discovery process for these projects.
Due to high demand, staking LEVER does not guarantee an allocation for a particular launch, and users who stake LEVER tokens are allocated based on a Lucky Draw Lottery System.
However, if users also hold LEVP, which is a measure of Governance Points on LeverPro, these users will receive guaranteed / priority / increased allocations of Golden Tickets.
Launchpad Golden Ticket Allocation Rules
Guaranteed / priority / increased allocations are allocated accordingly to the following LEVP holder segments, with a minimum of 5,000,000 xLEVER staked:
LEVP VVIPs (top 100 LEVP holders)
100 Golden Tickets are guaranteed for the top 100 LEVP holders.
VVIPs receive top of the range allocation amounts.
A successful opt-in for a project launch will burn 15% of a user's LEVP to allow opportunities for new VVIPs to rotate in.
LEVP VIPs (top 101-300 LEVP holders)
180 Golden Tickets reserved for the next 200 leading LEVP holders for token launches. This implies a 90% chance of successfully receiving an allocation.
VIPs receive top quartile allocation amounts.
A successful opt-in for a project launch will burn 10% of a user's LEVP to allow opportunities for new VIPs to rotate in.
xLEVER Stakers (Lucky Draw System)
The remaining Golden Tickets are distributed to xLEVER stakers via a lucky draw system.
xLEVER is generated by staking LEVER.
Users who stake LEVER for longer periods receive more xLEVER, which means that smaller stakes can participate with larger stakes on an equal footing by staking for longer periods.
Each xLEVER token entitles a user to one lucky draw ticket participation.
Note: The LeverPro Launchpad Format is effective as at 22 February 2024. The Launchpad Format is expected to change over time, to adapt to changes in market conditions.
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