Raffle System & Tiers
In order to have wide distribution and avoid whales and big traders having most of the allocation, we propose a system where users can only get a limited amount of allocation.
What is a CLO Tier?
XCAD has a smilar tier system to other launchpads you have seen (such as DAO maker and Polkastarter).
Getting allocation for the Creator CLOs will work via a tiered staking system, where the more XCAD you hold and stake, the greater your chances of getting CLO allocation. There will be 5 tiers which are explained below:
Current CLO Tiers
Stake 100 – 299 XCAD
Earn x1 entry to win CLO allocation
The newer version will use a Venture Yield System, to be announced later in 2023
Can I Win Multiple Allocations?
NO. It is not possible to win multiple allocations per CLO, each tier will give you access to a higher probability of winning, but to keep wide distribution only one fixed amount of allocation can be won per person. The tiered raffle system provides further utility & demand for XCAD as the more XCAD you hold and stake, the more chances you have of getting allocation for CLOs.
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