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Avalaunch x YAY Games — IDO Announcement
For our anticipated debut sale, we are thrilled to offer our Avalaunch community participation in the upcoming YAY Games offering. In recent months, the gaming space has heated up considerably and is truly coming into its own now. With the “play-to-earn” model making headlines, the time is indeed nigh and we feel that YAY Games is on the cusp of the cutting edge.
To begin, we’d like to offer a brief overview of YAY, followed by their tokenomics and public raise plans. This is a best-of-breed team and they come to the Avalanche network with no shortage of hype and expectations that they feel fully prepared to meet.
YAY Games Overview
YAY Games is a fully decentralized gaming marketplace with an innovative in-game mining system for network participants while playing games in a fully decentralized manner.
On the platform, participants can earn crypto from:
- In-game mining
- Farming
- Trading
With an ultimate aim to popularize the adoption of DeFi and crypto, YAY allows everyone to enjoy the benefits of financial innovations in the most fun way possible.
Industry At A Glance:
- 2020 revenue from the worldwide PC gaming market: ~37B USD
- 2020 revenue of the mobile gaming market: ~77B USD
Gaming is blooming, but DeFi grows even faster:
- The number of DeFi users increased 2x times in 2020, while the TVL (total value locked) in DeFi protocols increased 74x within one year.
YAY’s proposition to blend these two nascent industries in one platform via a “play-to-earn” model portends a bright future.
Co-Founder of Avalaunch, Mark Stanwyck, states, “As our first IDO, we couldn’t be happier about introducing YAY games to our community. The scope, mission and ethos of the project is perfectly in alignment with ours, and at the end of the day, YAY is interested in driving mass adoption of crypto through gaming.
The team, fundamentals and roadmap are rock solid and we have every confidence in their ability to innovate and deliver. They also bring with them a massive community of passionate users ready to dig in and learn about Avalanche, which is what Avalaunch is really all about.”
For more details about YAY, please visit their introductory article and Medium.
The YAY IDO on Avalaunch
YAY Games came to us with some fanfare, a large, thriving community, and a considerable amount of investor interest. With currently active users and additional games coming to the fore, we feel fortunate that YAY felt it was important to build on Avalanche and add us to their veritable “IDO Tour.”
CEO of YAY, Nick Epifanov, stated, “We couldn’t be more excited to conduct our IDO on the Avalaunch platform. Since the moment we’ve met with the Avalaunch team, we were impressed with the openness, dedication and professionalism of the people behind it and we could not be more happy to have such a partner with us.
Moreover, it is an honour for us that YAY Games will be the first project to collect funds in this thriving ecosystem and surely many more will follow. We are fully dedicated to building a forward thinking decentralized gaming marketplace that will drive not only GameFi development but also drive mainstream cryptocurrency adoption through games. We have big plans ahead of us and we believe this partnership will help us reach where we aim to be.”
Sales, Supply & Token Distribution Breakdown
Launchpads:
- August 23rd — TruePNL — $25,000 USD
- August 25th — Poolz — $100,000 USD
- August 28th — Avalaunch — $250,000 USD
- August 30th — SuperLauncher —$175,000 USD
Sale Rounds:
- Seed: 80,000,000 YAY at .005 USD
- Strategic: 75,000,000 YAY at.006 USD
- Pre-sale: 55,000,000 YAY at .009 USD
- Public IDO: 50,000,000 at .011 USD
Token Supply & Vesting:
- Total Supply: 1,000,000,000 YAY
- In-Game Mining: 185M YAY — 90-day lock, 5% then 2.5% monthly
- Farming Rewards: 160M YAY — 90-day lock, 5% then 2.5% monthly
- Ecosystem: 140M YAY — 90-day lock then 2.5% monthly
- Team: 100M YAY — 180-day lock then 4% monthly
- Marketing: 100M YAY — 2.5% released monthly
- Seed Round: 80M YAY — 10% at TGE then 6% monthly
- Strategic: 75M YAY — 10% at TGE then 7.5% monthly
- Pre-sale: 55M YAY — 30% at TGE then 14% monthly
- Public: 50M YAY — 30% at TGE then 8.75% weekly for 8 weeks
- Liquidity: 30M YAY — 50% at TGE, 50% for future listings (Lock Duration — 12-months on Pangolin — others TBD)
- Airdrop to Holders: 15M YAY — 180-day lock, 25% monthly for 4 months
- Community Contests: 10M YAY — 2.7% released monthly
YAY Token Emission For a full breakdown of the YAY Games tokenomics, please see here.
The Sale On Avalaunch
The required amount of XAVA to be staked, in order to earn a max allocation, is contingent upon the total number of XAVA staked. Once interest is registered on the staking platform, this number will be known. Please note that we will publish an announcement in the coming days regarding the design and function of allocations within the staking framework.
The YAY Games IDO will take place on Avalaunch on 8/28/2021 at 11:00 a.m. PST. The sale will last a total of 12 hours, each of the three rounds lasting 4 hours each.
Avalaunch Sale Distribution:
- 85% of the sale will go to the community stakers of XAVA
- 10% will be reserved for validators of the Avalanche network
- 5% will be reserved for the public
The minority rounds for validators and the public are a way of saying thank you to those who support the Avalanche network and a way to welcome those who may be interested in the ecosystem, respectively.
The YAY Sale on Avalaunch:
- ~22.72M YAY
- Price: .011USD
- Size: $250,000 USD
- Vesting — 30% at TGE then 8.75% weekly for 8 weeks
Other:
- Total Public Round (across all platforms): 50M YAY
- Circulating Supply of YAY post TGE: 47M
- Public Vesting — 30% at TGE then 8.75% weekly for 8 weeks
- Day 1 Market Cap (based on circulating supply): $564,000 USD
- Total Hard Cap: $1,895,000 USD
Conclusion
Avalaunch believes that welcoming an accomplished cross-chain partner into Avalanche represents a worthy beginning for our platform. As DeFi becomes gamified, it appears that gaming is becoming DeFi’d, if you will. The “play-to-earn” as business model is certainly compelling and Yay has demonstrated proof-of-concept and market validation with their existing games. The relative maturity of this project and modest hard cap of under 2M speaks to the integrity of the project and potential for growth.
As a group, we’ve gotten to know the principal contributors to Yay and believe in their vision. From a fundamental perspective, we see strength and upside and are very excited to host the public sale of Yay games.
About YAY Games
YAY is a decentralized gaming marketplace designed for gamers, traders, and farmers that merges the gaming sector with decentralized finance. YAY, at its core, is a gaming marketplace platform that is introducing multiple games in a decentralized way, utilizing blockchain technology to diminish the gap between games and decentralized finance.
We bring the regular gamer into the blockchain by adding innovative in-game mining mechanics, farming pools, and non-fungible tokens to casual games. Thus, rewarding the user based on the number of games played, achievements accomplished, tournaments, and more.
Do not miss your chance to join us on this journey through the blockchain.
Follow us on Twitter, Telegram, and Medium.
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New International Community: Vietnam
Over the last several weeks, Avalaunch has launched a number of global communities designed to expand our reach and influence around the world. We consider our launchpad a community-driven project and are always interested in aligning the most amount of people possible with our launchpad projects.
In this spirit, we are thrilled to announce the roll out of our third International community: Vietnam.
The Vietnamese crypto community is strong, vibrant and an important part of the entire ecosystem. Within days of “soft opening” our Telegram community, the room quickly grew to over 500 members eager to learn about Avalaunch and the roadmap of project. Over the coming weeks, months and years, we expect this to grow to thousands more.
Additionally, our community team in Vietnam is made up of some of the most professional, crypto-savvy people we have ever encountered. We are more than confident in their ability to represent Avalaunch, our ideals, and the visions of the projects utilizing our platform.
In addition to a dedicated Vietnamese language Telegram Channel and Announcement Channel, we are also supporting a Vietnamese version of our Medium content, hosted on the leading Vietnam crypto news outlet, Coin68. As we publish new content, it will be translated and posted here.
As always, we have also engaged local marketing teams, crypto industry experts specializing in the Vietnamese communities, and crypto evangelists to best support our efforts, and help bridge the gap between markets.
🇻🇳 Vietnamese Official Channel Links
- Avalaunch Vietnam Telegram (Official)
- Avalaunch Vietnam Announcements (Official)
- Avalaunch Vietnam Coin68 Blog (Official)
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New International Community: Turkey
As we near the announcements of our first IDOs, and our English speaking groups have grown larger than ever, it gives us great pleasure to announce our next international community: Turkey!
While all global Avalaunch groups are important, the Turkish channels are something we are particularly excited about as the Turkish presence within Avalanche, and Avalaunch, has always been incredibly strong.
The Turkish geographic is deeply invested in the power of cryptocurrency, it’s underlying technology and the people that make it possible. When it comes to Avalaunch, and making sure the projects we help are seen far and wide, launching this community is a big win. The “unofficial” Avalaunch Telegram has historically been one of our strongest, and it’s gratifying to us to be able to take this organic, grassroots effort that sprung up around the project and finally make it “official.”
In addition to a official Turkish Telegram and Twitter, we have also launched a Turkish Medium where native Turkish speakers can learn all about our latest announcements and upcoming sales happening on Avalaunch. Going forward, all of our posts will be translated into the native languages of our communities!
Also, as with our other international communities, we have engaged local, on-the-ground, crypto-native marketing support in Turkey that will be assisting us in making sure that the Turkish users know what’s happening with Avalaunch day-to-day. Avalaunch is always expanding our network in an effort to have the loudest voice we can, and this represents an important step in making our message heard!
🇹🇷 Turkish Official Channel Links
- Avalaunch Turkey Telegram (Official)
- Avalaunch Turkey Twitter (Official)
- Avalaunch Turkey Medium (Official)
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New International Community: Japan
Community is something we talk about a lot at Avalaunch. Our community, the Avalanche community, and the community we hope to expose to this technology that we see such great potential in. In addition to providing the tools to acquire new users, Avalaunch is committed to connecting people, and allowing new projects to leverage those relationships to amplify their efforts.
We believe that the further we can reach, and the louder our voice is heard, the more useful we will be to the growing Avalanche ecosystem and the teams looking to accelerate their growth on our platform.
In that spirit, we are thrilled to announce our first international community: Japan
We will be rolling out a number of international communities over the coming weeks and we on making sure that Avalaunch and our launchpad projects are properly represented across the globe. Simply put, we want the broadest reach possible and working hard to acquire it.
In addition to a dedicated Telegram and Twitter, we have also launched a Japanese Medium where native Japanese speakers can learn all about our latest announcements and upcoming sales happening on Avalaunch. Going forward, all of our posts will be translated into the native languages of our communities!
We also have engaged local, on-the-ground, crypto-native marketing support in Japan that will be assisting us in making sure that the Japanese crypto communities know what’s happening with Avalaunch day-to-day.
Can you guess what international community is next?
🇯🇵 Links
- Avalaunch Japanese Telegram (Official)
- Avalaunch Japanese Twitter (Official)
- Avalaunch Japanese Medium (Official)
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New Avalaunch Farm & Allocation Staking
For the last 2 months, the Avalaunch Farm has served our community well. It has been a place for our XAVA holders to gather, earn plentiful rewards, and support essential liquidity for the token. It saw millions of dollars locked in TVL, drew attention to the entire ecosystem and allowed users to earn future IDO firepower while we readied our platform for launch.
However, the time has come to let the sun set on the current farm and rise on a brand new one. As we prepare for the launch of our allocation farming contracts, which require the XAVA token for staking, there is a bit of housekeeping that needs to occur. Primarily, the migration of LP tokens from the old farm to the new farm, and a brief pause on the single-sided XAVA staking.
This migration is the final step required before deploying our allocation staking contracts and signals the next chapter of the launchpad.
Read on for all the details and a sneak peek into what you can expect from the Avalaunch Allocation Staking (AAS).
The Legacy Farm
The old Avalaunch Farm can now be found at legacy-farm.avalaunch.app.
If you were previously farming with your XAVA-AVAX LP tokens or XAVA tokens, your stake and unharvested rewards can be found here. The Legacy Farm will stay up as long as it needs to, and there is no urgent need to claim and unstake your tokens.
If you would like to continue to earn LP rewards, please unstake and migrate your tokens to the new farm. While we transition LP tokens over to the new farm, the current LP rewards will be increased by ~20% as liquidity moves over.
The New Avalaunch Farm
The new Avalaunch Farm can be found at farm.avalaunch.app.
The LP reward program will exist here exactly as it did in the old farm, i.e, stake your XAVA-AVAX LP tokens and earn XAVA rewards. The only difference here is that the rewards will be slightly increased for the time being.
Apart from that, you will probably notice that the single-sided XAVA staking is no longer available. This is because the single-sided staking is evolving into our allocation staking.
Allocation Staking
Before we begin, please note that this contract has not been deployed yet, and it’s important to us that everyone has plenty of notice before we do. This is one of the key components being tested in our community testing and will be ready for the public very soon.
What is allocation staking? And how does it work within the Avalaunch platform?
Instead of staking XAVA to earn only XAVA, you will now be staking the token to earn both allocation in upcoming sales and additional allocation power by earning more XAVA rewards. The allocation staking makes up the core of our platform and gives XAVA (for now) much of its utility.
Allocation Staking Rewards
Staking XAVA doesn’t just earn you allocation in sales, but also the potential to earn more power in the system. The rewards users can potentially earn in our Allocation Staking application are three-fold:
- IDO allocation
- XAVA tokens from ecosystem rewards
- XAVA tokens from platform fee redistribution
To some of you, point number three is news. To everyone that has been paying very close attention, this is something you may have already gathered. Without going into all the details just yet, it makes sense to highlight some of the implications of such a mechanism:
- Smaller holders can grow larger over time.
- The longer you stake XAVA, the more allocation power you have.
- You don’t have to exercise your allocation, and if you choose not to, you’ll earn off the stakes of those that do.
- New entrants into the system pay long-term stakers.
- As Avalaunch grows alongside Avalanche, and the sales grow larger, so does the earning power of XAVA.
- You do not need to KYC or participate in sales to earn from the network growth of Avalaunch.
We are going to be releasing a full article about this shortly that covers the specific mechanisms at play, numbers and the philosophical underpinnings of the contracts.
But what we can say upfront is that it is designed to:
- Support the XAVA token
- Reward holders
- Redistribute wealth
- Grow in parallel to the success of the platform
- Offer projects committed, properly incentivized token holders
Wrapping Up
The “launchpad problem” is a tricky one. And at some point, you have to choose your version of fair, own it, and build toward that vision. Our team truly believes that Avalaunch is special and offers teams a unique and powerful way to kickstart their community and project.
As we move through our community testing and put the finishing touches on the platform, we are more excited than ever for the future of the Avalaunch platform and what we have planned for our community. Thank you all for your continued support!
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Come Join the Avalaunch Team and Help Us Test!
As we close in on the release of the Avalaunch Platform it is time to involve YOU, our community, in what we have been building. We want your feedback!
We believe that Avalaunch is unlike anything else that exists in the market today, and we need a group of strong testers from within our community to help us make sure it’s ready for prime time. There is lots to show you all and we want to provide a few of you with a sneak peak!
How?
We will be opening a private group, with about 20–30 participants, who we will ask to help run through all the features of the platform with us. This includes staking for allocation, participating in sales, and generally using the features of Avalaunch we haven’t talked about publicly.
Additionally, we are going to be running test sales, with you as participants, making you the first to ever experience Avalaunch! If that sounds like fun to you, then you are probably exactly who we are looking for.
When?
If you’d like to be considered to participate as a tester, please fill out this form:
Private Test Group Application Form
We will be forming the testing group ASAP and testing starts this week. The idea here is to capture a nice variety of users of varying “skill” levels. Please answer these questions honestly. It will matter.
Requirements?
Our basic requirements are that you are both a long-term Avalaunch community member and holding some amount of the XAVA token. You must also be regularly online, available consistently for the next little while and be able to offer thoughtful feedback about your experience using Avalaunch. It is very important you feel comfortable clearly documenting what you encounter. Strong written communication is a must.
You will be working directly with the core management and development team to make sure the testing is productive.
Last But Not Least!
As a thank you, we will be offering the following incentives to be distributed amongst our best testers:
💸 $5,000 USD
✨ $5,000 XAVAThe distribution details will be shared with the final group.
Deadline: As soon as we fill the spots, the form will close. If you think you want to help, fill out the form ASAP.
Application: Private Test Group Application Form
Thanks so much and we look forward to working with you!
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KYC Registration & Verification Instructions
This article will explain how to complete the Avalaunch KYC. The application can be found at: avalaunch.app/account/kyc.
If you have any intention of ever participating in the platform, you will need to go through verification at some point.
Avalaunch KYC How-To
The KYC process is very simple and will allow you to create an account which is then linked to your verified KYC application and C-Chain Address.
Submitting your KYC application is also used to link your C-Chain address to your approved KYC application.
Step 1: Create an Account
When you land on the Avalaunch Launchpad, scroll down to “1. Sign Up and KYC” and click “Start the KYC Process →”.
From there, you will be taken to this screen:
Step 2: Register
You will be able to register your account with either an email address, Twitter or Facebook Account. Every Avalaunch account will also require a phone number capable of receiving text messages as an additional verification measure.
Enter the required information and click “Create Account.” If you would like to sign up with either Facebook or Twitter, simply click the preferred network and authorize access.
Step 3: Verify Your Wallet
You will then need to verify your wallet and connect it to your account by signing a message with MetaMask. First, make sure you are logged into MetaMask with your preferred address and connected to the Avalanche network, then click “Verify Wallet.”
Then, click “Sign” in MetaMask.
After signing, you should see that your wallet has been verified.
This is the wallet you will use for allocation staking during sales.
Step 4: Complete KYC
When you are ready to complete KYC, click “Start KYC.”
You will need one of the following to complete the KYC application:
If you are a resident of one of the following countries, at this time, you will be prohibited from participating in Avalaunch sales: United States, Antigua and Barbuda, Algeria, Bangladesh, Bolivia, Belarus, Burundi, Burma (Myanmar), Cote D’Ivoire (Ivory Coast), Crimea and Sevastopol, Cuba, Democratic Republic of Congo, Ecuador, Iran, Iraq, Liberia, Libya, Magnitsky, Mali, Morocco, Nepal, North Korea, Somalia, Sudan, Syria, Venezuela, Yemen, Zimbabwe
After completing your KYC, your verification will be confirmed within the app.
That’s it! You are now ready to participate in Avalaunch allocation staking and sales.
Why the KYC Exists
In addition to helping Avalaunch successfully navigate the ever-changing regulatory landscape of cryptocurrency, the KYC process offers Avalaunch a few benefits:
- Eliminates the possibility of multiple accounts on the platform, ensuring a fair distribution of allocations amongst our community.
- Blocks bots and whales from dominating sales.
- Affords Avalaunch the strongest legal footing possible so we can continue to build great products and develop relationships that accelerate Avalanche.
- Avalaunch is positioning itself for the years, not months, to come. Many projects, particularity large, well-funded efforts require this type of infrastructure, and we want to make sure we are built to support them.
One final note: If you are unable to KYC due to geographical restriction, there are still ways for you to participate in, and benefit from, Avalaunch. We are engineering an entirely new type of launchpad experience and sales will be just one way to grow alongside Avalaunch and the entire Avalanche ecosystem!
Avalaunch Tutorial Quick Links:
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KuCoin and Avalaunch Partner to Help Accelerate the Avalanche Ecosystem Through Early-Stage Funding…
With the listing of our platform token (XAVA) now complete, we are excited to announce the next phase of our collaboration with KuCoin, a world-wide industry leader and premier cryptocurrency exchange. On the surface, this partnership is two forces coming together to accelerate a new technology toward more users and adoption. Looking deeper, though, we see two organizations who are willing to sidestep convention, look for promising new trends, and bet on their success.
This is a journey we are honored to take alongside one of the largest and most influential players in the industry today and believe it will help secure Avalaunch and the Avalanche platform firmly in the center of the next generation of decentralized architecture and applications.
Avalaunch & KuCoin Partner
Avalaunch, as launchpad powered by the Avalanche platform, allows new and innovative projects to seamlessly prepare for launch with an emphasis on fair and broad distribution. With our values deeply rooted in the early Avalanche community, Avalaunch is able to offer teams confident, informed users who are aligned with the long-term goals of the rapidly expanding application ecosystem. As such, we have gained valuable visibility into what might be coming next, needs that we can help service, and relationships with builders seeking long-lasting, meaningful support.
KuCoin, as a forward-thinking exchange that supports innovation, will work closely with us to accelerate these individuals who we hope will come to represent the best and the brightest projects being built on the Avalanche platform. In addition to the listing of XAVA, the native token of the Avaluanch platform on KuCoin, this partnership will ensure that exceptional Avalanche-based teams receive strong exposure and support while working to build out foundational applications. Through a joint effort designed to offer essential liquidity to new projects during their most critical stage of development, all projects launching on Avalaunch will receive a direct line of consideration for listing on KuCoin. These projects stand to benefit from KuCoin’s first-in-class marketing services, liquidity, expertise and user base.
In addition to centralized exchange support, Kucoin and Avalaunch will also work together to offer early stage funding and incubation for promising native Avalanche projects and teams. Leveraging Avalanche’s grassroots community and KuCoin’s worldwide network, this synergy will expose millions of new users to the potential of the Avalanche platform.
As a leader in the blockchain space, KuCoin, along with Avalaunch, plan to do our part in helping guide the ecosystem into a competitive layer one blockchain.
Brick by Brick
The first step in this partnership was the integration with the Avalanche C-Chain, demonstrating that KuCoin is an early supporter of this groundbreaking platform and invested in its growth. This native integration will allow for more users to flow onto the Avalanche platform, while removing some of the friction we see moving from chain-to-chain. This integration represents KuCoin’s continued commitment in helping solidify Avalanche as one of the most secure, scalable, truly decentralized technologies the blockchain industry has seen to date.
As such, Avalaunch values the opportunity to align with such an essential ally in the path to broader adoption, and with the new C-Chain integration, sees no better time to do it. Avalaunch’s primary directive is to help grow the Avalanche application ecosystem while fostering strong, healthy communities who are interested in supporting projects long-term as they continue to advance our new decentralized world. KuCoin was early in identifying the immense potential of the Avalanche platform, betting big on its future through its integration and marketing support before many others.
Avalaunch very much respects the initiative taken by KuCoin and looks forward to working closely with them to make sure that Avalaunch projects gain a strong presence and market share in an increasingly competitive space.
About KuCoin
Launched in September 2017, KuCoin is a global cryptocurrency exchange for over 350 digital assets. It currently provides Spot trading, Margin trading, P2P fiat trading, Futures trading, Staking, and Lending to its 8 million users in 207 countries and regions around the world. In 2018, KuCoin secured $20 million in Round A funding from IDG Capital and Matrix Partners. According to CoinMarketCap, KuCoin is currently the fifth biggest crypto exchange. In 2021, Forbes named KuCoin as one of the Best Crypto Exchanges for 2021.
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Avalaunch Joins the Yield Yak Board of Friends
The most gratifying aspect of the Avalanche community, without a doubt, is the sense of camaraderie shared by the teams currently building out what will be remembered as the ecosystem’s earliest days. This is a special moment in time for the people and users here now and an opportunity we suspect many of us will be forever grateful for. There are some amazing teams laying the foundation for what’s to come and Avalaunch considers itself privileged to watch it all come together. While impossible to succinctly characterize, this is the lifeblood of our project. Everything we will ever do is designed to strengthen and support this intangible, yet persistent force.
Right now, the resulting landscape is relatively easy to traverse. For the most part, all of the teams are known quantities and many of them even communicate regularly. However, we suspect that this will not be the case forever. There’s a unique vibration that links together the current application ecosystem, and as we see Avalanche grow, we think it’s important to preserve it as best we can.
This is one of the many reasons we are happy to be joining the Yield Yak Board of Friends. There have been few more committed to collectively driving Avalanche DeFi forward than the Yield Yak team and their expertise and guidance is something many users have already benefited from, likely without even knowing it. Even in a short amount of time, our work with the Yak team and community has been rewarding and amplified our own efforts. Both Avalaunch and Yield Yak possess a shared vision for an Avalanche ecosystem befitting of the groundbreaking technology that underpins it, and the Board of Friends is simply one mechanism to drive us all there faster.
The Board of Friends
The inclusion in the Board of Friends will be formalized by two working criteria:
- Avalaunch will be appointed as a multi-sig signer for the Yield Yak platform, informing important product and strategy decisions that will help shape the project via governance over the coming months and years. This is a responsibility the Avalaunch team takes quite seriously and it’s an honor to play even a small role in the future of this promising project.
- Avalaunch will leverage the experience and expertise of the Yield Yak team, building upon the good will already extended by the team to many within the ecosystem. We have been consistently impressed with the generosity displayed by the Yak team and are confident that any new project entering the ecosystem will benefit somehow from their technical guidance.
In addition to the above, Avalaunch will receive 0.5% of the total Yield Yak supply.
Looking Ahead
As we approach the launch of our first product, it’s difficult to not look back and reflect on where we came from. Without even being live, Avalaunch has already very much been molded by the feedback of the early Avalanche community, and in some ways, this partnership codifies the spirit of collaboration that’s guided us since day one. We very much look forward to finding out what, or who, inspires us next, and the new ways which we will undoubtedly discover to service the community more completely.
About Yield Yak
Yield Yak is an easy-to-use tool to earn more yield from DeFi farming on the Avalanche network.
Website | Twitter | Telegram | Medium | Docs
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Introducing: The Avalaunch Farm
After announcing last week that we had allocated the first 1 million XAVA for distribution to our early community through upcoming rewards, we are pleased to finally announce the details of our first program: The Avalaunch Farm.
The farm program, and the reward programs to come, are very much in-line with the Avalaunch ethos that is baked right into the platform. That is, our active users should be rewarded, and smaller players should be provided a means to grow larger over time. Our reward programs mirror this philosophy and act as a stepping stone toward this larger vision. When the allocation staking contracts go live, our reward programs won’t just stop, but will coalesce with the broader platform, to create a dynamic system that rewards the right users at the right time. These contracts are the first piece of the puzzle and you should expect the full picture to come into focus over time.
The Avalaunch Farm, and consequently XAVA seeping out to the early and involved, represent the very first signs of life for our platform — the rumblings of new system designed to challenge our current understanding of launchpads and beyond. In many ways, Avalaunch is an ongoing experiment dedicated to homing in on a sustainable, more resilient community-driven fundraising framework. The XAVA token is the monetary charge that runs through the circuitry of the system, and this early stage of its distribution is an incredibly exciting milestone.
The Avalaunch Farm
Our farming and rewards will go live tomorrow, 5/29/2021, at 12:00 p.m. (PST).
Two pools will be available, and users will be able to stake both their Pangolin XAVA-AVAX LP tokens and/or XAVA tokens, depending on their preference.
The URL is: farm.avalaunch.app (not live until tomorrow)
The website will go live a few hours prior to rewards beginning, and you are welcome to move tokens there, but they will not receive rewards until 12:00 p.m. (PST).
These two pools will be rewarded at different rates, with the LP token pool receiving a higher rate of rewards due to the cost of securing a liquidity position and the risk of impermanence loss. For a more simple, risk-free option, we suggest participating in our XAVA single-sided staking pool, where you can stake just XAVA to earn more XAVA.
Farm Rewards Details
- Rewards Start Time: 5/29/2021 @ 12:00 p.m. (PST)
- Rewards End Time: TBD (No Set End Date)
- Total XAVA Tokens Distributed Per Day: 7,513
Pool Reward Split
- XAVA (Single-Side): 33.33%
- XAVA-AVAX LP: 66.67%
We designed the token emission to be as attractive as possible to early participants, without also being dilutive to current and future holders.
It’s important to note that these rates are subject to change over time as we are able to observe what kind of user activity the farm experiences. These changes will always be communicated publicly and with as much notice as possible.
As always, thank you so much for being a part of our early community and supporting the vision for a more equitable and enjoyable fundraising space. It means the world to us. We know everyone is anxious to learn more about the platform and we have some details coming very soon!
