Staking Guide And V2 Update.

KickPad launched a few days ago. Since then, we have trended on Coinmarketcap, Coingecko, reaching a peak volume of over $60,000,000 and partnered with ambitious projects and advisors. We are thankful for all the support and profoundly motivated to make this project a household name in the Defi space.

As we prepare our first IDO launch, this article will provide you the information you need for our current staking system.

The article is meant to give you an overview of the following:

1. Token requirements for IDO’s

2. What the pool weight score is

3. Requirements for IDO projects

4. V1 (current staking system) and V2 (future staking system)

5. Tutorial: How To Stake

Token requirements for IDO’s

Compared to traditional IDO’s where getting an allocation is only a game of chance, with KickPad you gain allocations based on how many $KPAD tokens you stake or hold. By doing either, you earn a “pool weight score.”

However, holding $KPAD tokens to gain “pool weight score” is not implemented until V2. In V1, you have to stake to get a “pool weight score” and guaranteed allocations(70% of the pool), while the rest(30%) is up for whitelist.

  • The minimum amount to gain access to the guaranteed round will be 1000 $KPAD tokens.
  • The allocations are given based on a formula we call the “pool weight score.” This is calculated based on a function of how many tokens you hold/stake. Then this score is compared to everyone else, and your allocation is determined.
  • Staking gives you private sale allocation, while holding gives you public sale allocations. Through a secure vetting and screening process, new projects can bring a lot of value with minimal risk to the community. The process is strict, demanding, and aimed at transparency.

Teams that want to launch on the IDO will have to, among other things:

● Complete two audits

● Pass a preliminary manual overview

● Pass an interview

● Make all code public

● Pass through a committee overview process

Staking — Version 1 and Version 2:

In the upcoming weeks, we are renovating our website a LOT; Quality of life updates, a more effortless and delicate interface with intuitive solutions to make it easier for the regular user.

In addition to this, we will give a more comprehensive and updated staking system.

This is the present staking system that will function until V2 is rolled out.

Round 1 for stakers (70% of the tokens)

-Minimum stake required: 1000 KPAD and guaranteed allocation.

-Total allocation determined by your pool weight score (your tokens vs. everyone else’s tokens).

-Snapshot of stakes taken at the moment the sale starts and calculates your allocation.

-Your tokens are automatically locked for 3 days when you stake here. There is no allocation benefit to staking longer.

-Sale Tokens can be withdrawn on the website 30 minutes after all rounds of sale finish.

Round 2 for whitelist winners (30% of tokens)

-Winners of the whitelist campaign will be given allocation in this round.

-Allocation per person is 0.5 BNB.

-Sale Tokens can be withdrawn on the website 30 minutes after all rounds of sale finish.

Round 1 for stakers (70% of tokens)

-Minimum stake required: 1000 KPAD, and allocation is guaranteed.

-Total allocation determined by your pool weight score (your tokens vs. everyone else’s tokens).

-Snapshot of stakes taken at the moment the sale starts and calculates your allocation.

-Your tokens are automatically locked for 7 days when you stake here. Tokens are bonded for 7 days after unstaking, meaning you will receive your tokens 7 days after you unstake. There is no allocation benefit to staking longer.

-Sale Tokens can be withdrawn on the website 30 minutes after all rounds of sale finish.

Round 2 for Whitelist Winners (25% of tokens)

-Winners of the whitelist campaign will be given allocation in this round.

-Allocation per person is 0.5 BNB.

-Sale Tokens can be withdrawn on the website 30 minutes after all rounds of sale finish.

Round 3 for KickPad Holders (5% of tokens)

-FCFS Round for anyone holding over 1000 KPAD tokens.

-0.5 BNB max allocation

-Snapshot of KickPad in your wallet taken at the moment the sale starts, and calculates your allocation.

-Sale Tokens can be withdrawn on the website 30 minutes after all rounds of sale finish.

Tutorial: How To Stake

1. Go to https://thekickpad.com/ — Double check that the URL is correct.

2. Press “Connect Wallet.”

3. Continue by pressing “Next” and “Connect” on the MetaMask notification.

4. Write in the amount you want to stake. I.e. 1000 $KPAD tokens.

5. Press “Confirm” on the staking page, then on the MetaMask notification.

6. When the transaction is complete, you will get a message saying “You have successfully staked your KPAD tokens. You also get an overview of “total staked”, date and time, and “available to withdraw in.”

Learn more about KickPad

BSC Trustless Presales and Auto Liquidity Locking. Welcome to the future. TheKickPad.com / TheKickDex.com

BSC Trustless Presales and Auto Liquidity Locking. Welcome to the future. TheKickPad.com / TheKickDex.com