SuperLauncher Staking Goes Live on 29 May 2021!

Dear Birdies,

SuperLauncher is super excited to announce that we will be rolling out our highly anticipated Staking Module on 29 May 2021 at 2PM UTC! The Staking Module is one of the series of technology deliverables in our roadmap as we fly towards V2 and Cardano! Over the next few weeks, we will be rolling out governance, auto-listing and liquidity mining (more information will be shared in a separate post).

Birdies, get ready with your LAUNCH for staking and pay close attention to what we are about to share. Our staking programme will lay the foundation for SuperLauncher V2, which is set to disrupt the scene and solve the issues plaguing launchpads. Yes, you heard it right, birdies ;)

Here’s why you should pay attention.

Summary of the Staking Module

  • Stake LAUNCH to earn SUPER EGG, which is required for additional allocation, priority fills, temporary and permanent stats boost in SuperLauncher V2.

1. Staking LAUNCH gets you svLAUNCH which is required to participate in IDOs.

  1. When the IDO starts, svLAUNCH must be present in your wallet to subscribe
  2. svLAUNCH is non-transferrable, which will prevent bad birdies from gaming the IDO
  3. Unstaking LAUNCH has a 7-day cool-down period to safeguard against fickle birdies
  4. The requirement for Strategic, Armada, and Rocket Tiers will be 10k, 6k, 100 svLAUNCH respectively.

2. svLAUNCH is also required for voting power in the auto-listing module (released next)

  1. Community Birdies will vote whether to launch or reject the project, after an AMA.
  2. Votes can only be made by birdies who hold svLAUNCH.
  3. The more svLAUNCH you hold, the higher your voting power.

3. Holding svLAUNCH allows you to earn SUPER EGG.

  1. SUPER EGG can only be earned if you hold svLAUNCH
  2. 200 SUPER EGG will be released daily for 5 years and shared among staker birds.
  3. SUPER EGG can be used for a number of things in V2 which include
  4. Additional Allocation: Burn SUPER EGG to subscribe up to 0.5% of the IDO
  5. Priority Fill: Burn SUPER EGG to get priority fills on your additional allocation
  6. Purchase Badges and Skills (NFTs): Used to boost IDO stats temporarily or permanently. These NFTs can be purchased from the marketplace.

4. What does this mean for the value of SUPER EGG?

  1. SUPER EGG is a tokenized representation of additional allocation, priority fills, temporary or permanent skill upgrades.
  2. SUPER EGG can be traded on a DEX once SuperLauncher V2 is launched
  3. SUPER EGG’s value will fluctuate from IDO to IDO, as it will factor in the IDO’s future value

How does all of this tie in with SuperLauncher V2, slated for release in July 2021?

5. Abolish the Tier System and Introduce Guaranteed Allocations

  1. Those with more than 10,000 LAUNCH will be considered as 10,000 LAUNCH to prevent whale clustering.
  2. To continue incentivising birdies to hold more than 10,000 LAUNCH, the Staking Module emits SUPER EGG proportional to stake amount, which can be used for additional allocation, priority fills and temporary and permanent skill upgrades in SuperLauncher V2.

6. Eliminate Whitelists, FCFS and Tiny Allocations

  1. The Staking Module will snapshot all stakers 72 hours before the IDO date and all birdies will know exactly how much guaranteed allocation they are entitled to
  2. Birdies can start subscribing to the IDO 72 hours before the IDO starts and continue subscribing up till the IDO.
  3. Birdies can burn SUPER EGG to get additional allocations and priority fills
  4. Birdies can burn SUPER EGG to get temporary or permanent skill upgrades

These are just some of the things that we are working on birdies! We know this might be too much for the birdies to digest all at once, so we will start releasing more information around how the ecosystem works as we go along. For now get your LAUNCH ready to stake on 29 May 2021, 2PM UTC! We look forward to all questions from you birdies in the upcoming days.

Yours Truly, Your Birdies

About SuperLauncher

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