SolRazr announces the updated allocation tiers for its upcoming initial decentralized offerings (IDOs). This new tiered system makes it fair and easy for anyone to stake SOLR and stand a chance to win allocations to the upcoming IDOs on SolRazr Launchpad.

They will have a detailed post coming up in a few days explaining the allocation model in detail including staking and tradable allocations (using NFTs). In the meantime, they wanted to update us on the tiers as explained below.

Lottery Tiers

Following are the lottery tiers in which allocations are based on the lottery

1. Seed — requires a minimum of 500 SOLR to be staked, gets access to 14% of the total allocation
2. Sapling — requires a minimum of 2500 SOLR to be staked, gets access to 21% of the total allocation
3. Tree — requires a minimum of 12500 SOLR to be staked, gets access to 29% of the total allocation

Guaranteed Tier

Solrazr have only 1 tier where allocations are basically guaranteed (for foreseeable future)

Mighty Oak — requires a minimum of 50000 SOLR to be staked, gets access to 36% of the total allocation

About Solrazr

SolRazr is the first decentralised developer ecosystem for Solana, offering a launchpad, an accelerator, and developer tools.

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