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How to participate
1. Stake URD to participate in Launchpad pools and Earn rewards. The more and longer you stake the more lottery tickets you'll be eligible to join with.
2. When the pool opens, deposit USDT for each ticket in order for it to be counted in the lottery. The lottery will be done on-chain, with lottery numbers assigned to tickets in the order that users deposit.
3. If you have winning tickets you can claim your token allocation. You can then stake these tokens to earn a yield on them. For the non-winning tickets, you can withdraw your USDT.
7-day deadline:
- Eligibility: At least 1,000 URD staked in URD staking prior to the staking deadline and successful USDT deposit once the pool opens. URD must remain staked until the pool opens.
- Lottery tickets: 1 ticket for every 1,000 URD staked — up to a maximum of 5 tickets. Staking more than 5,000 URD will still receive 5 tickets maximum.
30-day deadline:
- Eligibility: At least 500 URD staked 30 days prior to the 30-day staking deadline and successful USDT deposit once the pool opens. URD must remain staked until the pool opens.
- Lottery tickets: 1 ticket for every 500 URD staked — up to a maximum of 5 tickets, and 1 additional ticket for every 10,000 URD staked.
- Example: Job has had 20,500 URD staked before the 30-day deadline. He will receive 12 tickets — 5 for the 7-day deadline 1000 URD max allotment, 5 for the 30-day deadline 500 URD max allotment, and 2 additional for each 10,000 URD staked.