UPDATES TO THE TICKET SYSTEM EXPLAINED Howdy racers! We a | DeathRoad.io Announcement
UPDATES TO THE TICKET SYSTEM EXPLAINED
Howdy racers!
We are in the process of updating the investment DAO system a bit. This is the rundown of how it will all work:
You need to stake at least 10,000 DRACE or 100,000 xDRACE to apply for allocation in any DeathRoad DAO Project
You get one ticket for every 10,000 DRACE, 100,000 xDRACE and the NFT value you have staked in total in all pools. Only full tickets count, so if you have 0.95 tickets, you wont get a chance in the lottery.
The ticket value is multiplied according to how many days you stake. Each 30 days count as 1x up to a maximum of 3x at 90 days.
Example: You stake 10,000 DRACE for 60 days - you get 2 tickets.
We have added a two tier system that's interconnected.
1. Tier Lottery - every ticket in itself is added to the lottery for allocation.
2. Tier Guaranteed - for every 100 tickets you get one guaranteed ticket outside of the lottery.
Example 1: You have 17 tickets. All your 17 tickets are added to the lottery tier.
Example 2: You have 107 tickets. All your 107 tickets are added to the lottery tier AND you have 1 ticket worth in the guaranteed tier.
The next DAO is DefiYield, a high level DeFi toolset to manage your investments and portfolios over many different chains. By having tokens in this project you get access to more of their tools, which includes but is not limited to a multichain dashboard, a contract scanner and a staking management system. The supporters of this projects are big names in the crypto space, and you can read up more about all this on their website:
https://defiyield.app/
The TGE is planned for Q1, and the vesting is linear over different amounts of months depending on whether you buy from the guaranteed tier or the lottery tier.
Happy weekend, racers!
Read details regarding the NFT value in our docs:
https://docs.deathroad.io/deathroad-dao/
$DRACE #DeathRoad #playtoearn #racetoearn #metaverse #skilltoearn #dailytournament #DeathRoadDAO
