FAIRNESS MECHANISM

2 min readApr 11, 2022

Nowadays things that “smell” like FAIR upstage.

Well, here there are no one-sided terms of class categories. You could say this is a Tierless system for those of you who want to participate in PRIVATE IDO, that’s why we use the word FAIRNESS.

So if you want to spend more funds on PRIVATE IDO, you also have to LOCK a lot of $STRT tokens too. Why is that? Because of the allocation that you can spend when you want to join the Whitelist period of each project, that’s where you will see how much YOUR SHARE is.

After the whitelist is closed and the percentage of YOUR SHARE is recorded, that’s the amount of allocation that you can spend on the project.

Check out the following calculation simulation:

Total $STRT tokens currently LOCKED = 70,000,000 $STRT
You did LOCK $STRT token = 30,000,000 $STRT
So the total $STRT tokens that are LOCKED = 100,000,000 $STRT
This concludes that YOUR SHARE = 30% of the total $STRT tokens LOCKED
Some projects will do whitelist for 7 days, then on the 7th day the whitelist is closed and the percentage of YOUR SHARE = 30%

So, how much you can spend on each project in PRIVATE IDO?

Project A has a total raise = $100,000 ; then your spending limit is up to = $30,000
Project B has a total raise = $70,000 ; then your spending limit is up to = $21,000
Project C has a total raise = $50,000 ; then your spending limit is up to = $15,000

In essence, YOUR SHARE & YOUR SPENDING LIMIT depend on the last percentage value listed when the Whitelist on each project ends.

FAIRNESS MECHANISM

Written by STRT Button | Multi-Chain DApp