The CasperPad Tier system — March 2022
As usual, the CasperPad team announced their new tiers after a new unlock of the $CSPD Public Sale. This article contains all the necessary information regarding the tier system, and how it is relevant for joining future IDOs on CasperPad.
The tiers after the March 2022 public sale unlock can be seen in the image below. These tiers will count until the next $CSPD public sale unlock. Each tier has a required amount of $CSPD tokens that need to be staked to unlock it. Staking your $CSPD tokens can be done through the CasperPad App.
Have trouble staking your $CSPD tokens? Read the CasperPad staking Guide!
Let’s say you have 19'000 $CSPD tokens staked, this will put you in tier 3. Each tier also has a corresponding pool weight. This weight will determine your allocation size. More information on that can be found further down in the article. It is expected that tiers 1 through 6 will have additional social requirements to join the IDOs on CasperPad. More information on this matter will be shared in the near future.
Only $CSPD staked in pool V2 will count towards the tiers. More information can be found here.
Everyone that passed KYC and is staking enough CasperPad tokens will be eligible to participate in the IDOs on CasperPad. The amount of $CSPD tokens you are staking will determine what tier you will be in. Before each IDO on CasperPad, a snapshot will be taken of all the stakers. This snapshot is your KYC and staking deadline. The snapshot day is always to be announced before the IDO and usually is 1–3 days before the IDO. If you stake after this deadline, your newly staked tokens will not count towards the tiers.
The allocation size per tier will be calculated after the snapshot is taken. You will have enough time to fund your whitelisted wallet in the IDO approaching days, but of course, we recommend preparing as early as possible. The pool weight and our fair hybrid solution will determine the allocation size per tier, which does not allow tier 2 to have a smaller allocation than tier 1, for instance.
Future Tier Changes
The vesting of CasperPads public sale is still ongoing, hence we will change the tier system with every unlock. These changes are made so that we can implement our promised hybrid tier model. It allows you to use your unlocked $CSPD tokens fairly for the IDOs on CasperPad.