How to participate in an IDO and why lottery systems are outdated

Here we will explain how to participate in an IDO on our platform, but first we will explain why lottery systems are outdated, why CoreStarter will be the platform of choice for the small investor, and how we are creating equal opportunities for whales and small fish alike.

So how do tiered systems usually work? Well if you do some research (we won’t name names!), you’ll see that generally you have your tiers 1–6 and the lowest one or two generally will be a lottery system, you might be lucky enough to get a tiny guaranteed allocation in some. All this means is they are saying, “hey great, you support us — we will give you a chance to be involved in a launch”. There is no guarantee that you will even get an allocation in a project, and no incentives to hang around long term. They don’t care how long you stake, they just see you as a “small investor”. But we think that is okay we all started off somewhere right? How are you meant to get your first big break if you can’t even get an allocation? This is where we change the game.

CoreStarters algorithm means that with even a low number of tokens you could end up in a top tier by staking long term. It also means that those with a smaller number of tokens who stake long term will be able to access lower tiers, something that has never been available until now. We reward you for being loyal, plain and simple — we know that our community is the reason we will be successful and want to take you on the journey with us.

So now you know the basics, and why a lottery system is so 2020 — how do you participate?

We aim to keep it nice and simple, our smart contracts mean that all you need to do is stake enough tokens for at least 1 day prior to a launch. If you qualify you will then be able to participate in a launch on our platform. All you need to do is go to the launchpad, register for the project and then once the sale has started your allocation will be shown and you are able to purchase as much of that as you like. From there, any unsold tokens are moved to the ‘FCFS’ (First come first served) round where they may be purchased by anyone.

So in summary, not only can someone who would usually get a low tier access a top tier just by being loyal, those who would usually miss out all together are able to gain access just by being loyal. This is how we are making lottery systems obsolete, all while we are giving power back to the small investor and creating an equal playing field.

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