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SuiPad 🌊 - Launchpad on Sui@SuiPadxyz · Apr 2, 2023

🌊Introducing SuiPad Staking & Tiering SuiPad Tier System is one of the core of SuiPad Platform, ensuring certain…

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Summary

SuiPad introduces a 6-tier staking system (Ruby through Sui) where users can stake SUIP tokens or provide liquidity to qualify for different tiers and earn larger allocations in project IDOs. The tier system requires commitment through staking with a 15-day cooldown period.

Summarized by ThreadOut AI from the full thread. May miss nuance — read the thread below.

  1. #1

    🌊Introducing SuiPad Staking & Tiering SuiPad Tier System is one of the core of SuiPad Platform, ensuring certain level of commitment and allowing stakers to participate in project IDO. Here's how it works👇🧵

  2. #2

    1/N. SuiPad Staking & Tiering go hand-in-hand. To qualify for a specific tier, you must either stake $SUIP tokens, or providing liquidity on Dex and stake LP tokens. Now let's dive into tokens staking:

  3. #3

    2/N. There are 6 tiers, namely: 1⃣ Ruby: 2,500 SUIP staked 2⃣ Sapphire: 5,000 SUIP staked 3⃣ Emerald: 10,000 SUIP staked 4⃣ Diamond: 30,000 SUIP staked 5⃣ Crown: 50,000 SUIP staked 6⃣ Sui: 100,000 SUIP staked

  4. #4

    3/N. The more SUIP you stake, the higher tier you earn, the bigger allocation size you get for project IDO. There will be a 15 days of cool-down period after staking.

  5. #5

    4/N. Second option is by providing liquidity on Dex and stake LP tokens on SuiPad: 1⃣ Ruby: 1,500 SUIP-SUI LP 2⃣ Sapphire: 2,500 SUIP-SUI LP 3⃣ Emerald: 5,000 SUIP-SUI LP 4⃣ Diamond: 15,000 SUIP-SUI LP 5⃣ Crown: 25,000 SUIP-SUI LP 6⃣ Sui: 50,000 SUIP-SUI LP

  6. #6

    5/N. We constantly review our tiering, weightage and distribution mechanism to ensure the most fair model for our community. Now tell us which tier you'll get? 🫶 #SuiPad