An overview of staking tiers and the staking process
Stakers will have advantageous options to invest in IDOs on the Coinecta platform. To stake, users will acquire and stake CNCT tokens. Once locked, your stake will accrue rewards. When the unlock period ends, you can withdraw your initial tokens along with your rewards and restake if you wish.
There are no unstaking penalties, but there is a minimum lock-up period of 30 days. Locking staked tokens for longer periods produces higher rewards based on a multiplier. The multiplier will depend on lockup period.
Staking tiers represent the pool weight and other benefits you will get for staking CNCT tokens. In order to invest in an IDO, you need to reach one of the tiers. The number of CNCT tokens represented in your locked stake are counted towards a staking tier.
The tiers are as follows:
Pool weight represents your share of the overall pool of tokens available in the pre-sales on any IDO launched on the platform. Each IDO will have a different number of tokens available, and we will use an algorithm to calculate the number available to each investor.
Note: Staking tiers stack. That means if you have 60,000 tokens, even though you're 20,000 away from Visionary, you get Innovator and Expert tier pool weights (1750 total). If you are already above Oracle, you also get the additional tiers below. So if you have 180,000 you are Oracle and Innovator for 8500 pool weight.
There will be various methods used to determine the reserved amount of tokens, depending on how the round is structured. Sometimes higher tiers get access to favorable pricing, and other times they will have more tokens reserved for them, while lower tiers and non-stakers will receiver higher refunds respectively in the event of a capped pro-rate sale.