Find out all the details surrounding Phase 2 of Poolz’s New and Improved IDO Tier Structure!
The IDO space is an ever-evolving one. Platforms that conduct IDOs are required to have an extremely agile team who is able to both anticipate the inevitable changes that occur and pivot accordingly in order to make sure that they are providing the highest level opportunities for their communities.
We started Poolz with a goal to give every member of the Poolz community a fair and equitable opportunity to participate in the IDOs launched on the Poolz platform.
Guy Oren, Co-Founder and CEO — Poolz Finance
Photo by Marco Bianchetti on Unsplash
Moving to a Snapshot Based IDO System
Poolz is thrilled to announce that as the LFG Pool is coming to an end so is the requirement to stake your $POOLZ in order to be eligible for Poolz IDOs. After May 17th, those who want to participate in IDOs on the Poolz platform will be able to qualify by simply holding $POOLZ in their wallets.
For those who don’t like to read…
There are two types of IDO participants:
Non-Stakers/Holders: $POOLZ will be treated as a 1:1 Ratio
Stakers and Liquidity Providers: $POOLZ will be treated as a 2:1 Ratio (2x multiplier)
Check out the details below!
Staking as a Reward
Poolz aims to give our users the freedom to buy and sell their $POOLZ as they please. Our former model of requiring the community to lock their tokens did not do this. Instead of requiring staking to qualify for IDOs we are now transitioning to a system that rewards staking. Poolz will be opening up the Full Send Staking Pool on Monday 10-May at 17:00 UTC which will last for 30 days. Keep in mind, you don’t have to stake your $POOLZ anymore in order to qualify for IDOs but if you do, it’ll reflect on the Poolz Leaderboard as 2x your holdings!
Here is the breakdown of the Full Send Staking Pool and the Staking as a Reward system:
▶️ Stake your $POOLZ after 10-May
👉 2x Multiplier on your $POOLZ
– Example: If you decide to stake 2000 $POOLZ your 2000 $POOLZ will now count as 4000 $POOLZ
“Full send Staking Pool” Details:
👉 Staking Begins: 10-May, 2021
👉 Days open for staking: 30
👉 Days of Mandatory Lock: 7
👉 Staking Contribution Ends: 10-June, 2021
👉 Staking Pool Withdraw Starts: 16-June, 2021
👉 Days until Maturity: 7
👉 Maturity APY %: 5%
Liquidity Provider Incentive
Poolz isn’t done yet… there is another element to Phase 2 of the New and Improved IDO Tier Structure! Poolz will now be allowing liquidity providers to qualify for IDOs.
▶️ If you add liquidity to Uniswap:
👉 2x Multiplier on your $POOLZ
– Example: If you decide to add liquidity with 2000 $POOLZ your 2000 $POOLZ will now count as 4000 $POOLZ
In closing…
With this new model, Poolz is now the most accessible platform on the market. The $POOLZ token has never had more utility! Holding this token allows you chances at IDOs. Staking this token allows you even better chances. Adding liquidity not only earns you rewards on your $POOLZ but you can also now qualify for IDOs just the same!
