Welcome to StarLaunch Basic Training! It’s time to share the StarLaunch mechanics with the community and what’s coming next month.
The team pioneered a new approach to the IDO allocation model by introducing a dual token system that includes both deflation regulatory tokens ( $STARS ) and the utility token “Hydrazine” ( $N2H4 ) which will be used to access IDO and with the StarLaunch model, this is sure to combine the best of CardStarter with exciting new elements.
$STARS and Hydrazine
Staking the StarLaunch governance token “$STARS” in Fusion Vault generates Hydrazine ($N2H4) which can be used to fuel access to the validated Solana project launched through the platform, and STARS will play a key role. in the community vote Especially as DAO is released and fully decentralized, STARS holders will be able to vote on new functionality to be implemented with StarLaunch.
STARS Stake in the Fusion Vault will undergo conditional radioactive decay with a half-life of 90 days at the time of production. Hydrazine causes deflation of STARS by design and decay can be avoided by locking your stake which is explained. next
Staking STARS to produce the fuel (Hydrazine) required to participate in the IDO, Hydrazine is a one-time-only utility token — Hydrazine tokens used to participate in the IDO will be burned. Based on the permanent circulation and size of the IDO allocation, it is directly and linearly proportional to the amount of Hydrazine used for a given IDO, limiting the maximum amount per KYC wallet that can be used.
How to use Hydrazine ($N2H4)
This will benefit users of the STARS holding and those who previously staked, as doing so will increase the accumulation of Hydrazine over time. This provides users with more “fuel” needed to participate in more IDOs and get a greater allocation. STARS holders can sell Hydrazine on the open market to interested buyers. Not interested in participating in any particular IDO, they can opt out and continue to accumulate Hydrazine for future IDOs, or sell them to users who are interested in that IDO but still have. Hydrazine not enough
Hydrazine generation rates are fixed per block, with generated Hydrazine distributed prorated to users based on the number of STARS they stake at any given time. Against the total number of STARS in Fusion Vault, there is no total supply for Hydrazine, and it is continuously generated through stake STARS and burned when the IDO occurs.
Staking $STARS
There are two ways to staking STARS tokens:
1. Stake Only
2. Stake & Lock
Both staking will trigger Hydrazine, with STARS staked but not locked will have a 90-day half-life and will receive a daily decay rate.about 0.6% according to the programmed deflation mechanism
STARS holders can choose stake and locktheir tokens in order to be exempt from decay and still receive Hydrazine, but please note that the current lock period is 90 days. We understand that some members of our community may need to unlock their tokens. their previous in which case Users who unlock STARS early will be charged 50% of the prorated decay rate remaining during lockdown.
This is an example of a staking and breakdown mechanism.
- Alice stakes 100 STARS but it’s not locked, her STARS will decay and she’s building Hydrazine, and on day 20 Alice will have 14.28 decay tokens, leaving 85.72 STARS.
- Bob stake and locked 100 tokens for 90 days, keeping his STARS intact. And he’s building a Hydrazine, where Bob wants to unlock his tokens early on the 20th as opposed to the 90-day locks that are scheduled. He will be charged a penalty of 50% of the decay fee for the remaining 70 days, where the 70 day decay is 41.67 STARS, so the early unlock fee will be 20.84 STARS to be burned. Please note that the huge STARS stake. Up will reset your lock duration.
Staking $STARS LP
STARS tokens are eligible for liquidity mining rewards, where only STARS LP tokens can stake on the StarLaunch website to win STARS ( Not Hydrazine ) with STARS rewards increasing continuously with every block, STARS LP tokens willnodestroyed
actionJoin IDO
Hydrazine tokens are required to participate in IDO Hydrazine. They can be obtained from the Fusion Vault by staking STARS, or can be purchased from exchanges. Each participant will be allocated an IDO in proportion to the relative proportion of their Hydrazine in the pool. For example, John uses 100 Hydrazine to participate in the IDO, with the total IDO pool having 10,000 Hydrazine, John will receive 1% of. IDO allocation (100/10,000) for fairness All participating wallets are limited to 1% of the total IDO allocation.
StarLaunch Insurance Coverage
Sponsoring an early stage project is exciting. Although startups always have risks. But users shouldn’t worry about their decision, as StarLaunch provides IDO participants with a secure network ( Cover up to 100% ) in the event that the project does not go as planned without the user having to pay any fees
policy coverage
- Vaporware
- team negligence
- Exploit/Vulnerability
- Project abandonment
Model benefits
While the CardStarter platform has been incredibly successful. We created the StarLaunch model to address the specific concerns our community brings to our attention.
- Reward users for staking master governance tokens.
- Reward community loyalty, the longer the STARS tokens are staking, the Hydrazine is generated. and translates to larger allocation sizes and purchasing power in a given IDO.
- Incentivize users to learn about projects launched through StarLaunch and to choose the ones they truly want to participate in. “Skip” IDOs mean more Hydrazine (and greater allocation sizes) for the next IDO that should be able to. interested If there is a strong community interest in a particular IDO, the sale of Hydrazine on the free market to interested speculators will offer additional options for STARS holders to earn income.
- Allows interested users to participate in IDO without locking their investments in the form of STARS.
- IDO user engagement is guaranteed free of charge for individuals.
With the new IDO allocation model, communities are free to choose their level of engagement with the amount of Hydrazine Equity they accumulate. The entire team at StarLaunch is very excited about this unprecedented mechanic. And proud to have pioneered a new strategy in the Solana ecosystem!
tracking channel
refer : LINK