The time is approaching… soon we will be debuting our staking and launchpad system which means (drum roll please)… our first launch! And with that first launch comes our first lottery!
We outlined the unique functions of our Launchpad in our 1st article (you can read that here), and how staking would work in tandem with some other unique features to create a robust and functional ecosystem.
Our 3rd article (check it out here) gave all the details on what staking has to offer in terms of passive income. So what’s in store for today? Our Lottery breakdown (amongst other things).
How It Works
The $TAKE lottery is a key part of all Stealth and Pre-Sale launches (more on Fair Launches later). There will be some slight variations to the flow of each launch, but the general idea is the same. 1 Ticket = 1 Entry.
In a Stealth Launch, you are entered to win a chance at an airdrop. There is no limit to the amount of tickets you get (that amount is determined by the amount of tokens you have staked) and you can win multiple times! Holding more tokens means more chances to win, but everyone is entered as long as you meet the minimum threshold of tokens staked.
In a Pre-Sale, the lottery selects individuals for participation in that Pre-Sale. Each ticket gets the option to buy up to 1 full Pre-Sale allocation (you can also choose to buy a smaller amount but may purchase the full allocation if you are selected). Pre-sales will generally run for apprx. 2 weeks to allow the selection of new participants if : A) Lottery winners choose to decline or do not respond within the given time frame, or B) Lottery winners do not wish to purchase the full allocations.
In the case of multiple lottery wins from a single holder, Pre-Sale allocations will be limited to certain number of allocation determined on a project by project basis. Vesting terms will be applied and will be on project by project basis specific to each Pre-Sale project to ensure the health of any project incubated or launched through Pre-Sale process.
Fair launches will have custom whitelist for stakers who meet at least the minimum requirements with a sliding scale of purchasing power based on the amount of tokens staked. Airdrops will function the same as stealth launches in that select stakers will be chosen at random to receive an airdrop of the project, tho the amount of airdrop tokens in a fair launch may be reduced due to the nature of the style of the launch.
Wen Private Group?
As we mentioned in our first medium article (available here), staking a certain amount of $TAKE will allow access to our private alpha group! This group will serve multiple purposes and evolve over time, but we see it as the ultimate alpha source for all of our investors.
Access to the private group will gain you early information about our launches, access to whitelist and other giveaway opportunities from future partnerships, and tons of other goodies direct from the Takemichi Team before any of it hits the main group!
You won’t want to miss out on being a part of this group…
The requirements and allocations for staking to receive airdrops, whitelist, and entry to the Private Group group are as follows:
- 100,000,000 $TAKE tokens = 1 Airdrop/Pre-sale Lottery Entry
- 300,000,000 $TAKE tokens = Tier 1 Whitelist (Fair Launch)
- 750,000,000 $TAKE tokens = Tier 2 Whitelist (Fair Launch)
- 1,500,000,000 $TAKE tokens = Private Group Access/ Tier 3 Whitelist
- 4,000,000,000 $TAKE tokens = Tier 4 Whitelist (Fair Launch)
- 6,000,000,000 $TAKE tokens and above = Tier 5 Whitelist (Fair Launch)
*These numbers may be altered over time to reflect changes in market cap/etc. *We are developing further incentives for larger holders!
As you can see, there are benefits to filling your bag early…max wallet is equal to A LOT of lottery tickets for our airdrops and will also take home a big share of the rewards pool!
We feel that this general outline for staking requirements and allocations will work to accomplish a few things. We can allow almost any investor a chance to participate while rewarding those who have invested more/early and we can set a price point that will be efficient in deterring any malicious intent in accessing our whitelists or private group.
And the best part, staking enters you for accessing everything outlined here and gives you passive income while you do it! If you have not read our article outlining the rewards for staking, we highly suggest you check that out here.
The Final Countdown
Soon we will announce the exact date that staking will go live, from that time there will be a 24–48 hour window to allow for everyone to get their tokens staked before we turn rewards on. During that time, we will also be opening up the private group to begin to allow qualified entrants to join. Once we have verified everything is working as it should…it will be time for our first launch!
We have been working diligently to offer effective and unique technology, rather that be our Trading dApp, our multi-rewards staking pool, or our launchpad lottery and whitelist system, and our first launch will not be any less outstanding.
As we draw closer to that time, we can’t thank our amazing community enough for building together with us. Prepare for takeoff!