The Flamingo team had one intention when making the Flamingo IDO platform: Fair for all! To accomplish this we needed to make a system that made sure that everyone got a piece of the pie no matter how small or how big a player they are. In this article, we will explain how the tier system of Flamingo IDO works.
On the IDO platform, you need to get a tier to be able to participate in the presale. To get a tier you need to lock up FLM. The amount of FLM you lock up will decide what tier you are getting. The higher the tier you are in, the more presale tokens are allocated to you.
How does allocation work?
Each tier has a weight. When you register for an IDO project you add your tier’s weight to the project. This is the same for all users. When the registration phase is over the pool has a combined weight that represents all the tokens, and you will get the percentage of that total based on how much weight your tier has.
For example, see the image below. The highlighted area represents one Gold tier user.
We wish you the best of luck with your IDO journey. If you need any help along the way, please join us on our Discord for further support.