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