PolkaBridge Announces New Tier System For Launchpad IDO — Guaranteed Allocation

PolkaBridge
2 min readDec 4, 2021

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PolkaBridge Launchpad-based Initial Decentralized Offerings (IDOs) will be following new rules, effective immediately. This modification is being carried out to ensure fairness in distributing IDO tokens so that all participants can acquire them with ease without a single party fetching a high percentage of supply, prevent the system from being gamed and increase the value of PBR tokens.

PolkaBridge Launchpad Tier System — Guaranteed Allocation

The minimum amount to stake is 10,000 PBR tokens and must be staked at least 1 day before the IDO takes place.

  • Tier1 — If you stake at least 10,000 PBR and up to 19,999 PBR, you will participate in sharing 40% of the total IDO allocation
  • Tier2 — If you stake between 20,000 PBR29,999 PBR tokens, ou will participate in sharing 30% of the total IDO allocation
  • Tier3 — If you stake above 30,000 PBR tokens, ou will participate in sharing 30% of the total IDO allocation

Note: Need to fill out the form to confirm the staking. Each IDO will have its own registration form. Please follow the channel t.me/polkabridge to update the latest IDO projects

We decided to go with this three-tier IDO allocations system, after listening to the community feedback and in the spirit of allowing every qualifying user to acquire IDO tokens. This will also promote long term hold of PBR tokens and reduce sell pressure, as more supply is locked to gain access to promising projects.

About PolkaBridge

PolkaBridge is a decentralized all-in-one financial applications platform. The PolkaBridge ecosystem is expected to include cross-chain AMM, Farming, Lending, Fundraising platform (Launchpad), Prediction, NFT, and more. All products will be developed with Polkadot in the center.

❇️ Website: https://polkabridge.org

❇️ Farming https://farm.polkabridge.org

❇️ Staking https://stake.polkabridge.org

❇️ LaunchPad https://launchpad.polkabridge.org

❇️ Swap (AMM) https://swap.polkabridge.org

❇️ Twitter: https://twitter.com/realpolkabridge

❇️ Medium: https://medium.com/@polkabridge

❇️ Github: https://github.com/cyclese96

❇️ Telegram Channel https://t.me/polkabridge

❇️ Telegram Group https://t.me/polkabridgegroup

❇️ Discord https://discord.gg/G3NDrcq6GW

❇️ Reddit https://www.reddit.com/r/polkabridge_official

❇️ CoinMarketcap https://coinmarketcap.com/currencies/polkabridge

❇️ Coingecko https://www.coingecko.com/en/coins/polkabridge

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PolkaBridge

The first decentralized bridge between Polkadot platform and other blockchains