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Home All Events AVAX Land Launch

Date

Jun 23 2022
Expired!

TimePacific Time

5:00 am

Your Time

  • Timezone: America/New_York
  • Date: Jun 23 2022
  • Time: 8:00 am

Status

Active

AVAX Land Launch

New Avarice fork on Avalanche.

DETAILS
  • Follows a daily auction system (if you have participated in HEX or T2X, you’re familiar with this model):
    • 93% of the AVAX contributed in the auction ill be pooled and rewarded to SEED stakers via the dividend pool
    • 6% for development costs and marketing
    • ❌ 1% for adding liquidity to LAND token (they don’t explain what the LAND token is for or give tokenomics of LAND, maybe it’s a typo and they mean SEED?)
  • On day 1 the auction lobby will have 3,000,000 SEED available for purchase by contributing AVAX
  • Every day the amount of SEED in the auction pool decreases 0.5%
  • Auction lobby is the main way users can acquire SEED
  • Stake SEED, earn interest in SEED along with your share of the AVAX dividends from the daily auction lobby
  • Max stake is 300 days
  • Active stakes can be sold to other users via their native marketplace (10% fee to the seller), the buyer receives all SEED interest, AVAX dividends, and once the stake ends the buyer can claim the originally deposited SEED
    • 8% of the fee to sell a stake is used for buyback via that that’s lobby
    • ❌ There is no information on where the remaining 2% goes
  • Up to 25% daily rewards
  • The longer the stake, the more interest you earn
  • 5% referral commission, and the person who was referred gets a 1% bonus on tokens they receive via that day’s auction

Blockchain

AVAX

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