ILA Tier & Staking Mechanism updated, the new APR & ILA requirements applied for IDO & Staking pool, the partnership between Unicorn Venture & Infinite Launch, The listing & claiming calendar announced for Kyte.One….are the most prominent highlights on Infinite Launch. Let's take a closer look at these achievements.
ILA Tier & Staking Mechanism were updated
The Previous Staking and Farming Pool closed on 19 Apr 2022. Due to this change, all users were required to unstake all ILA tokens from those pools before 19 Apr 2022. During this time, users could unstake without losing 3% fee. The new Staking Pool and Farming Pool went live on 21 Apr 2022. ILA Tier & Staking system were successfully merged. With this new Staking mechanism, users only need to lock ILA to receive APR and join IDO rather than taking two separate steps like previously.
The new APR & ILA requirements were applied for IDO & Staking Pool
It will be as below:
If Bob locks 20000 ILA, Bob will receive Bronze-tier and receive a 10% APR.
If Jenny locks 150.000 ILA, Jenny will receive Silver-tier and receive 20% APR for 150.000 ILA locked.
The instructions provided above are intended to guarantee a seamless transition to the new staking mechanism, which will help in simplifying user experience and bring about extra benefits to investors in the long term.
- All current ILA tier members will hold their status even after the Tier system and Staking pool are updated.
- When the new staking pool went live on 21 Apr 2022, all users who owned ILA tier before snapshot time unlocked their ILA token from your profile (without any fee) and locked them in new ILA Pool in order to receive new APR.
- Bony Bastard NFTs would not be used to increase staking percentage in the new staking pool, new benefits for Bony NFTs will be announced soon.
- If you lock more than the required amount of ILA for the corresponding tier, you will receive the respective APR of that tier.
- If you unlock ILA 60 days ahead of time, you will be fined up to 30% the amount of ILA to receive that tier.
- For Pool LP Farming, new APR will be fixed 200% for all tier & non-tier users
The partnership between Unicorn Venture & Infinite Launch
Unicorn Venture were exhilarated to announce the partnership with Infinite Launch. With the support from Unicorn Venture, Infinite Launch hopes to bring the best benefits to long-term investors who put their trust and vision in us.
Unicorn Venture is a private VC with the passionate investors to support and empower the most promising projects. They have a focus on decentralized finance, metaverse development, blockchain gaming and the intricate infrastructure of all of these combined!
The listing & claiming calendar announced for Kyte.One
Users who joined Kyte.One IDO, please note down the schedule to claim for the $KTE token.
🔹TGE: 01:00 UTC 21st April
🔹Vesting schedule: 40% at TGE, then monthly unlock for 20% each
🔹DEX Listing: 00:30 UTC 21st April (Apeswap)
Kyte.One - The building tools for the future of blockchain debuted on Infinite Launch. At Kyte.One, they are building a suite of multichain DAPPS where each of our product is targeting a specific problem in the blockchain world. Their flagship product is AirLyft (https://www.airlyft.one) which we are going on mainnet with. AirLyft is a one-stop growth hacking platform for all DeFi and GameFi projects, irrespective of the blockchain ecosystem they belong to.
About Infinite Launch
Infinite Launch is a multi-chain launchpad for hand-picked DeFi & NFT projects, with the first-ever mechanism where investors can lock away their tokens for guaranteed IDO allocations. Its mission is to create a decentralized and convenient platform for unique crypto projects to acquire the funding they deserve. Through implementing its innovative allocation system, Infinite Launch established itself as one of the leading Launchpads.
Find more information about Infinite Launch at:
- Website: https://infinitelaunch.io/
- Medium: https://infinitelaunch.medium.com/
- Twitter: https://twitter.com/InfiniteLaunch
- Telegram Official Channel: https://t.me/InfiniteLaunchNews
- Whitepaper: https://infinitelaunch.io/InfiniteLaunch-Whitepaper.pdf