TorkPad
  • TorkPad Overview
  • What is torkpad?
    • Why TorkPad Launchpad ?
    • How We Different From Others ?
    • Vision & Mission
    • Mechanism for IDO
    • Project Selection
  • token details
    • Token Information
    • Utility
    • Tokenomics
  • TorkPad Ecosystem
    • Roadmap
    • Staking Ecosystem
    • Tier System
    • Decoding TorkPad Tiers: A Comprehensive Guide to Token Allocation in Crypto IDOs
  • Contributing To Our IDO
    • Instructions for Purchasing IDO
      • How to set up a Tron wallet and link it to TorkPad
      • How to set up a Sui wallet and link it to TorkPad
  • Security
    • Our Audit
    • KYC
    • IDO Rules
      • Secured IDO
      • Autonomy IDO
  • Help
    • Disclaimer
    • Contact
    • Social Links
    • FAQ
  • Partners
    • Marketing Partners
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  1. TorkPad Ecosystem

Tier System

PreviousStaking EcosystemNextDecoding TorkPad Tiers: A Comprehensive Guide to Token Allocation in Crypto IDOs

Last updated 1 year ago

There are 4 Tiers that will be ranked based on TorkPad criteria.

Users must hold and stake TPAD tokens in order to participate in IDOs.

Users can purchase the amount allotted to them based on their tier in the first round, known as the "Allocation Round."

ROUND 2 OF THE FCFS

The unsold tokens from the first round are made available in round 2. All tiered members have the option of purchasing an additional amount determined by a tier-based formula. The second round purchasing window opens simultaneously for all members, regardless of tier level. This round is open until all tokens are sold, which usually takes only a few minutes. The IDO is completed once all tokens have been sold.

We will collect data and feedback on the IDO structure in order to optimise the system over time, while also taking community feedback and potential DAO proposals into account.

Our system is a predictable and provably fair system that provides appropriate incentives for our users to accumulate and hold tokens and support each and every project launched. We will adjust weights, add new tiers, and make other changes as needed to keep the system functional, competitive, and rewarding for all community members.

TORKPAD's Tier