Dear community,
You were curious to know the details behind the new tier system and how exactly it calculates the allocations. Let us clarify them.
First of all, to form the whitelist, we verify whether the wallet has at least 1000 aPADs. If not, then it is excluded from the whitelist. We’ve seen some questions about how exactly can one calculate the specific number of aPADs from staking. You can estimate it from the last staking transaction on Etherscan.
The formula for it is quite simple, look at the number of PADs that were staked, multiply it by 1000 aPAD, and divide by the aPAD that were received in the transaction. The resulting number is how much needs to be staked to receive 1000 aPADs.
Going back to the allocation scores, we determine the continuous intervals of staking as well as the wallet’s aPAD balance. Based on this information we assign wallet a score according to the following calculation: score = aPADAmountOfStaking * ln(stakingDurationInDays + e).
When every wallet has been assigned a score, we sort it from highest to lowest. Then the first N wallets are selected, which, combined, have their sum of scores to be 60% of the total score. They become the Top tier members. We do the same for wallets which combined, have 24% and 16% of the total score respectively, to determine the Medium and Low tiers.
After this is complete, we begin calculating the allocation. First, we need to determine the allocation multiplier per unit of score. This is calculated by considering the sum of all scores times the corresponding tier multiplier (1.5 for Top tier, 1.2 for Medium tier, and 1.0 for Low tier). Therefore, 60% of the sum will be multiplied by 1.5, and so on. This value is then divided by the nominal total score to give us the allocation multiplier.
The project’s allocation is then taken (25,000 in the case of Ariadne), and divided by the allocation multiplier. We proceed with calculating the allocation’s weighted average per unit of score by taking the previous value and dividing it by the sum of all scores. This number is the most important part of the equation as we then go wallet by wallet and multiply its score by the weighted average as well as the tier multiplier.
The result is shown in the spreadsheet which we shared with the community. And this is how the allocations are determined. Some of the allocations may seem a bit too low, but as we already mentioned, 1 hour before the IDO ends, the non-purchased allocations are available for any participant to purchase (as long as they have at least 1000 aPADs). One more thing to keep in mind is that every allocation list will be finalized 24 hours before the IDO starts.
We hope this clarified allocation distribution.
