CoreStarter Tiers, where to buy $CSTR, and why to buy NOW
With 2021 now wrapped up, we are onto bigger and better things as we evolve and grow through 2022! We wanted to take some time to write an article to help you understand EXACTLY how our tier system works, where you can get your $CSTR, and why now is the best time to buy and stake!
Firstly, let’s do a recap of how we are different from other launchpads
We are the first launchpad focused on giving power back to the small investor, and creating an equal playing field for all, no matter how deep your pockets are! Other launchpads traditionally have a tier system that requires you to stake set amounts to reach higher tiers, not to mention they lock your tokens away. The top tier is completely out of reach for most users and allows the wealthy to snap up the highest allocations. How did we fix this? Our Tier Calculator rewards loyalty, it takes into account the number of days staked AND total tokens. That means that if you only have a small number of tokens your score will increase as time goes on. Not only does that mean users with a small number of tokens can reach higher tiers, it means those with even less can stake for a long period to reach an allocation which would usually be impossible! This system is also built into our governance and allows all holders the right to vote on our platform, not just the whales. Click here for a previous article with a working example of our algorithm!
Our tiers, and what you need to get into each currently
As I touched on before, we use a tier system on CoreStarter. We have 6 tiers, each with a guaranteed allocation! No lottery system for bottom tiers, everyone who receives a tier is able to buy their designated amount in round 1! Anyone wanting to participate in Round 1 is required to register for each IDO they wish to participate in, and you must successfully KYC to access launches on CoreStarter! Once our Round 1 is completed FCFS is then open to all users who have KYCd on CoreStarter.
This is why it is important to stake $CSTR to access our IDOs, this is the only way to get a guaranteed allocation. When staking you can also receive up to 75% APY if you have 5000 or less, or up to 60% APY if you have over 5000 $CSTR. As our platform and user base grow, it will be increasingly difficult and more expensive to reach a top-tier allocation. The earlier you get in and start growing your Tier the better! The below example is the current amount of $CSTR you need to stake to reach tiers 1–6 when staking for 14 days! I will add an example of what each tier received as an allocation for our latest IDO CrimeCash $CRIME, also the cost to buy $CSTR at market price today (1/1/2022).
Why is now the best time to buy? As you can see from the table above as the price increases the cost to access the tiers rises quickly! This is also based on today’s users, as the user base increases the amount required for each tier will also increase. There is no better time to ‘set and forget’ and make sure you are guaranteed an allocation in our higher tiers for the long term!
An important note with our tiers is as soon as you unstake any amount your counter is reset to 0. This is to ensure that people cannot cheat the system by staking high amounts and then withdrawing, and also giving those with fewer tokens the chance to build their score and access tiers if they are loyal and supporting CoreStarter.
Hopefully, this gives a good explanation of how our tier system and allocations work for CoreStarter. It really is as simple as it sounds, stake for the long term and be rewarded with a high tier even if you only have a small number of tokens. You can always contact us if you have any questions, and make sure to keep up with our weekly blog that will be posted every Saturday at 2 PM UTC.
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