Introducing a New FRESH TIER — The Whale
Known for its size and weight, the whale is deemed the apex of the ocean. Alike, The whale tier will be a game-changer for those who are staking with extra perks included.
The Whale tier is the highest tier system with a whopping staking amount of 500,000 $RGEN required to enable you into this tier.
Advantages of the Whale Tier?
- Largest Pool Weight — changing the dynamics of investment
- Eligible to Participate in private sales
- Join an exclusive telegram group to participate in rounds prior to it being listing on Paragen pools
- Eligible for Random Airdrops of Paragen and the onboarded project tokens.
The Tier system has been updated to cater for the every growing and changing market.
What has changed?
- The introduction of a new Tier — The Whale
- Amount increase in tiers
When will this change come in effect?
The change will be implemented for the next IDO. The change will occur by the 1st January 2024.
Tiers: (All Guaranteed Allocations) (PW = Pool Weight)
Tier 1: Snake — Stake 500 RGEN, 1 PW
Tier 2: Scorpion — Stake 2,500 RGEN, 2 PW
Tier 3: Eagle — Stake 6,250 RGEN, 6 PW
Tier 4: Bull — Stake 12,500 RGEN, 13 PW
Tier 5: Lion — Stake 25,000 RGEN, 30 PW
Tier 6: Ape — Stake 50,250 RGEN, 65 PW
Tier 7: Dragon — Stake 100,000 RGEN, 140 PW
Tier 8: Legends — Stake 200,000 RGEN, 305 PW
Tier 9: Whale — Stake 500,000 RGEN, 790 PW
The Two Phase System:
Paragen will follow a two phase system. What this means is, the first phase will be specific and follows the above tiers. Therefore in the first round, each person will be able to participate at the amounts they have staking with the pool allocation allotted to them. The second round is a FCFS round that takes place in the case of the first phase not filling up. In the FCFS rounds, any whitelisted user will be able to participate at a capped amount.
The second phase: FCFS — Is depended on the First Phase. If the First phase does not fill then the second phase begins. However if the first phase fills then there will be no Second Phase. Both Rounds are open to Whitelisted users only.
Pool Weight Explained (Pool Weight = PW)!
A question asked, is how does the pool Weight system work?
Let’s dive deep and break it down with the Example of Project “ATLAS” launching off Paragen. ATLAS is selling1,000,000 tokens for the IDO on Paragen. There are 100 Snake Members, 25 Eagle Members, 10 Lion Members and 5 Dragon Members Staking to participate.
Snake PW: 1, Eagle PW: 6, Lion PW: 30, Dragon PW: 140
The combined purchase Power of all the qualifying buyers in this example is taken as the SumOfTiers(no. of participants*Pool weight).
Thus, using the formula: (100*1) + (25*6) + (10*30) + (5*140) = 1250
The no. of tokens allocated to each “Pool” is 1,000,000 / 1250= 800
The formula for the number of tokens allocated to each individual in a tier is given by,
(Pool* Pool weight of teir)
Lets use Snake Tier as an example —
The amount of tokens allocated for Snake, using the formula above is
800* 1= 800 ATLAS Tokens Per Individual.
Therefore the amount of tokens that each user in the snake pool can purchase is 800 ATLAS.
Lets now apply this formula to all tiers and we get these results of allocated Tokens Per individual:
Snake: 800*1 = 800 ATLAS
Eagle: 800 * 6 = 4,800 ATLAS
Lion: 800 * 30 = 24,000 ATLAS
Dragon: 800 * 140 = 112,000 ATLAS
