POLKABRIDGE’S NEW TIER SYSTEM

Latsan
2 min readDec 9, 2021

PolkaBridge Launchpad-based Initial Decentralized Offerings (IDOs) has released new guidelines effective immediately. This change has been initiated to ensure a seamless and fair IDO token distribution, to allow all participants easy access without a single party fetching a high percentage of supply,to prevent the system from being gamed and increase the value of PBR tokens.

After listening to community feedback, taking into consideration every user qualified to acquire IDO tokens, and ways to promote long term hold of PBR tokens, reduce sell pressure to ensure that more supply is locked to gain access to promising projects, Polkabridge has decided to go with this three tired staking system.

STAKING GUIDE

Participants are required to stake a minimum of 10,000 PBR tokens at least a day before the IDO is to take place.

Tier1 — If you stake a minimum of 10,000 PBR and a maxixmum of 19,999 PBR, you will join other eligible participants in sharing 40% of the total IDO allocation

Tier2 — If you stake between 20,000 PBR — 29,999 PBR tokens, you 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: participants are expected to fill out the form to confirm staking. Each IDO will have its own registration form. For constsant updates on the PBR staking and other IDO staking projects, please join this Telegram channel;

t.me/polkabridge

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Latsan

Blockchain enthusiast//Blockchain Ambassador//Content writing.