Starpunk Introduces Starpad's Tier System

About Starpunk

Starpunk is a launchpad designed for NFT gaming projects. With Starpunk, game developers, investors, and players can easily connect to build a blockchain-based economy together.

Read detailed analysis about Starpunk here.

What is $SRP Token's Function in the Ecosystem?

$SRP is a BEP-20 token on the Binance Smart Chain network and serves as essential fuel for the entire Starpunk ecosystem.

To help Starpunk users understand the exclusive benefits of holding $SRP, these benefits are described through the following four key utilities within Starpunk's NFT Gaming ecosystem:

Staking/Locking:
Stake/Lock a certain amount of $SRP to achieve equivalent rankings within Starpad's Tier system and participate in SPO events of new NFT Gaming startups on the Starpunk platform. The more $SRP tokens staked/locked, the higher the chances of achieving a higher ranking.

Discount Fee:
Discount on transaction fees for NFTs from various gaming projects on Starpunk's White-labelled NFT Marketplace.

Voting & Proposal:
Participants in the DAO become members of the entire Starpunk network. Decision-making is proportionate based on ownership rights of $SRP tokens within the overall DAO, enabling token holders to participate in community voting on major development plans for Starpunk and newly launched gaming projects on its platform.

Reward System:
Token holders receive rewards for holding Starpunk's $SRP tokens, with the reward mechanism securely encoded into smart contracts.

Additionally, Starpunk has partnered with renowned gaming studios for launching their blockchain games on Starpad.

Earlybird owners will have significant advantages in upcoming SPO events on Starpunk's platform.

Introducing Starpad's Tier System

Given the high expectations from its community regarding new tier mechanisms, Starpunk has introduced the Starpad Tier System for upcoming SPO projects on Starpad:

Tier Universal:

• Stake/Lock 200,000 $SRP to qualify.
• Pool scale: 22% of total token allocation.
• Purchase method: 100% Guaranteed allocation. Total allocation evenly distributed among members per tier.

Tier Galaxy:

• Stake/Lock 100,000 $SRP to qualify.
• Pool scale: 13% of total token allocation.
• Purchase method: Guaranteed allocation. Total allocation evenly distributed among members per tier.

Tier Solar:

• Stake/Lock 25,000 $SRP to qualify.
• Pool scale: 34% of total token allocation.
• Purchase method:
  • 20% of total pool allocation guaranteed and evenly distributed among members per tier.
  • 80% of total pool allocation available to all tier members on a first-come, first-served basis (FCFS).

Tier Earth:

• Stake/Lock 10,000 $SRP to qualify.
• Pool scale: 22% of total token allocation.
• Purchase method:
  • 20% of total pool allocation guaranteed and evenly distributed among members per tier.
  • 80% of total pool allocation available to all tier members on a FCFS basis.

Tier FCFS:

• Stake/Lock 2,000 $SRP to qualify.
• Pool scale: 9% of total token allocation.
• Purchase method: FCFS.

The more $SRP tokens you stake/lock, the higher your tier and the more advantages you gain to upgrade your position in SPO projects on Starpad.

To ensure benefits for long-term holders and encourage continued community engagement with Starpunk, there will be a fixed ratio for securing positions across Earth - Solar - Galaxy - Universal tiers, enabling members to participate and contribute to SPO projects on Starpad.

How to Participate in IDO on Starpunk

1. Register on Starpad: https://hub.starpunk.io/explore
2. Connect your BEP-20 wallet on Starpad.
3. Stake $SRP tokens on Starpad.
4. Join the SPO Private Sale group you wish to contribute to. Remember, clicking the "Unlock" button before the TGE date will disqualify you from SPO on Starpad.
5. Detailed schedules for each tier to participate in token sales will be provided.

Once your allocation payment is complete, your purchased tokens will be ready for confirmation on the TGE day. Click "Request TGE" to request the first batch of tokens issued. Remaining tokens can be requested according to each SPO project's verification schedule.

After unlocking, you must wait 14 days to receive your locked $SRP tokens. During this waiting period, your tier will not exist in Starpad's tier system, and you will not be able to participate in any SPO projects launched during these 14 days.

Conclusion

Gamefinity has synthesized the latest information about the Starpunk project and $SRP token through this article. We hope this provides valuable insights for you.