📊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

Tier 1

Stake 100 – 299 XCAD

• Earn x1 entry to win CLO allocation

Tier 2

Stake 300 – 999 XCAD

• Earn x3 entries to win CLO allocation

Tier 3

Stake 1000 - 2499 XCAD

• Earn x10 entries to win CLO allocation

Tier 4

Stake 2500 – 4999 XCAD

• Earn x25 entries to win CLO allocation

Tier 5

Stake 5000+ XCAD

• Earn x50 entries 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.