RunNode is a bridge from web 2.0 to 3.0 and powers the infrastructure of Solana through its RPC protocol. RunNode will help Solana to scale by ensuring applications can secure an RPC endpoint in under 30 seconds. Run Token holders will earn a percentage of the fees generated through RunNode’s staking and developer API service.
This article will cover the two parts of an AcceleRaytor launch: 1) the Public Raise and 2) the IDO on Raydium.
1. RUN AcceleRaytor Public Raise details:
Total tokens for the raise: 16,666,667 RUN (1.67% of total RUN supply), unlocked
Token fixed price: 0.06 USDC for 1 RUN
Total raise: 1,000,000 USDC
Model: Lottery for allocation
Allocation for winning ticket: 80 USDC (1,333.33 RUN)
Total number of winning tickets: 12,500
Pool opens: December 6, 12:00 UTC
Pool closes: December 7, 00:00 UTC
Open period of the pools: 12 hours
Eligibility and pool details:
There will be one RAY pool available for the RUN raise.
- Allocation will be determined by a lottery system.
- Allocation for one winning lottery ticket: 80 USDC
- There will be three snapshot deadlines to determine ticket allotment.
7-day deadline:
- Eligibility: At least 100 RAY staked in RAY single-sided staking prior to the 7-day staking deadline below and successful USDC deposit once the pool opens. RAY must remain staked until the pool opens.
- Lottery tickets: 1 ticket for every 100 RAY staked — up to a maximum of 5 tickets. Staking more than 500 RAY will still receive 5 tickets maximum.
- 7-day staking deadline: November 29, 12:00 UTC
30-day deadline:
- To reward longer-term Raydium holders, users that are eligible for the 30-day deadline will receive additional tickets on top of any received for the 7-day deadline.
- Eligibility: At least 50 RAY staked 30 days prior to the 30-day staking deadline below and successful USDC deposit once the pool opens. RAY must remain staked until the pool opens.
- Lottery tickets: 1 ticket for every 50 RAY staked — up to a maximum of 5 tickets, and 1 additional ticket for every 1,000 RAY staked.
- Example: Alice has had 2,500 RAY staked before the 30-day deadline. She will receive 12 tickets — 5 for the 7-day deadline 100 RAY max allotment, 5 for the 30-day deadline 50 RAY max allotment, and 2 additional for each 1,000 RAY staked.
- 30-day staking deadline: November 6, 12:00 UTC (snapshot already taken)
90-day deadline:
- To reward longer-term Raydium holders, users that are eligible for the 90-day deadline will receive additional tickets on top of any received for the 30-day and 7-day deadline.
- Eligibility: At least 50 RAY staked 90 days prior to the 90-day staking deadline below and successful USDC deposit once the pool opens. RAY must remain staked until the pool opens.
- Lottery tickets: 1 ticket for every 50 RAY staked — up to a maximum of 5 tickets, and 1 additional ticket for every 1,000 RAY staked.
- Example: Carol has had 3,000 RAY staked before the 90-day deadline. She will receive 21 tickets — 5 for the 7-day deadline 100 RAY max allotment, 5 for the 30-day deadline 50 RAY max allotment and 3 additional for each 1,000 RAY staked, and 5 for the 90-day deadline 50 RAY max allotment and 3 additional for each 1,000 RAY staked.
- 90-day staking deadline: September 7, 12:00 UTC (snapshot already taken)
How does it work?
Tickets: Users receive tickets according to the ticket allotments above. However, for a ticket to be counted in the lottery, users must deposit USDC for each ticket they wish to have entered.
- Example: Carol has 21 tickets and Alice has 12 tickets as the above examples. Bob staked 300 RAY before the 7-day deadline and will receive 3 tickets.
Deposit: When the pool opens, users will need to deposit 80 USDC for each ticket in order for it to be counted in the lottery. Users can choose to deposit less than their total ticket allocation, however, tickets without a matching deposit will not be entered in the lottery. Deposits must be in multiples of 80 USDC. You can only deposit once.
- Carol deposits 1,680 USDC and Alice deposits 960 USDC, their maximum, to ensure that all of their tickets are entered in the lottery. Bob deposits 160 USDC even though he has 3 tickets because he needs the extra 80 USDC to buy Alice a cool NFT that is dropping that day. In Bob’s case, only 2 of his tickets will be entered in the lottery.
Lottery: Once the pool closes, the lottery will take place, and winning tickets will receive a 100 USDC allocation for RUN. Results of the lottery will be shown very shortly after the pool closes.
- Example: Carol has 4 winning tickets and will receive a 320 USDC allocation. Alice has 1 winning ticket and will receive an 80 USDC allocation. Bob does not have any winning tickets, better luck next time, Bob.
Claim: Once the lottery is complete users will be able to remove their USDC for any tickets that did not win. Claims for RUN from winning tickets will open once trading begins for the RUN IDO (details below).
- Example: Carol claims here 1,360 USDC, Alice claims her 880 USDC, and Bob claims his 160 USDC after the lottery concludes. Carol and Alice must wait for the RUN IDO to claim her RUN.
Lottery Transparency
The lottery will be done on-chain, with lottery numbers assigned to tickets in the order that users deposit in the pool. After the pool closes, winning numbers will be determined by hashing a block, multiplying it by the timestamp, and matching the last digits of that number with user ticket numbers. Ticket numbers with the last digits matching are designated a winning ticket. This process will be repeated until all the winners are determined.
2. RUN IDO on Raydium:
Token starting price: 0.06 USDC for 1 RUN
IDO Launch time: December 7, 12:00 UTC
How does it work?
- Raydium will launch a RUN-USDC liquidity pool (LP), after which trading will be live on the Raydium Swap interface. The AMM will begin placing orders on Serum a short time after the LP launch.
- Participants with winning tickets for the AcceleRaytor raise pool will also be able to claim their tokens at approximately the same time that the RUN-USDC LP launches.
Fusion Pool — Provide liquidity to earn RUN rewards
- Users will also be able to add liquidity to RUN-USDC LP and then stake LP tokens to earn yield on the Fusion Pools page. Rewards will be in RUN tokens.
- Reward emissions on the Fusion pool will begin shortly after the LP launches, to give users time to add liquidity and stake in the Fusion pool for yield farming.
What is RunNode?
RunNode is a bridge from web 2.0 to 3.0 and powers the infrastructure of Solana through its RPC protocol. With a quick onboarding application to get an RPC endpoint in under 30 seconds, any project can launch, build and scale its Solana dApp — now.
📰 INFO
https://raydium.medium.com/runnode-is-launching-on-acceleraytor-3ff7326864b0
