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Everything you need to know about participating in RichQUACK Launchpad

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Feature Explorer / Tech Deep Dives / How-to Guides

Everything you need to know about participating in RichQUACK Launchpad

RichQUACK

By RichQUACK

Created 4 months ago, last updated 4 months ago
4 min read
Everything you need to know about participating in RichQUACK Launchpad

Table of Contents

Before you start joining IDOs at RichQUACK, it would be better for you to know every step of the process. Therefore, we have covered it all for you in this guide!

Purchasing QUACK token
The $QUACK token is available to purchase on Pancakeswap, Hotbit, Gate.io, ZT, Digifinex, Bitmart, Latoken, BKEX, MEXC, & LBANK but we do recommend that you get them from PancakeSwap.

Click on the contract link below or you can add QUACK contract manually:0xd74b782e05aa25c50e7330af541d46e18f36661c
Staking QUACK to access the IDO
Staking is mandatory for all users wishing to participate in any IDO created on QUACK platform.


The staking functionality is available on the “Levels” page. On this page, user can see information about current level, apy, total amount staked, harvest.

Once you have some QUACK in your wallet, stake it in this 3 simple steps:

  1. Visit https://app.richquack.com/levels
  2. Connect your wallet.
  3. Select Staking Period. The longer you stake, the higher the reward. Earn up to 28% APR.
  4. Enter the Amount of QUACK you want to Stake. Press Max for Staking everything on your wallet. Approve Button and give permission to your wallet.
  5. Click the Stake button and based on the lock period, the user is assigned the appropriate APR for reward calculation.
  6. If there is an additional condition “Re-locks on registration“ at the selected staking period, then from the moment of registration in IDO, the staking period increases by 5 days.
  7. Zero fees for staking and un-staking. Only fees for early un-staking.
  8. The user can collect the reward at any time.

Launchpad Level System

RichQUACK has a level system where the more QUACK you have, the higher allocation you get from the IDO.

Certain level also has additional benefits such as participating in private rounds, and seed rounds.

Pool IDO participation for the Moon Round Guaranteed Allocation model is broken down into 9 tiers based on the number of QUACK you have staked on RichQUACK.

100B QUACK for Newbie (Level 1) — 0.5 Pool weight (15% Lottery)
500B QUACK for Boy Sminem (Level 2) — 1 Pool weight (35% Lottery)
2T QUACK for Enthusiast (Level 3) — 2.5 Pool weight (80% Lottery)
5.5T QUACK for Adventurer (Level 4) — 5.5 Pool weight(Guaranteed Allocation)
12T QUACK for Risk Taker (Level 5) — 12 Pool weight (Guaranteed Allocation)
19T QUACK for Maximalist (Level 6) — 19 Pool weight (Guaranteed Allocation)
26T QUACK for Quapitalist (Level 7) — 26 Pool weight (Guaranteed Allocation)
70T QUACK for Degen (Level 8) — 70 Pool weight (Guaranteed Allocation)
150T QUACK for Saint Bog (Level 9) — 150 Pool weight (Guaranteed Allocation)

Eligibility to Participate in QUACK Public IDOs

In order to participate in IDO, the user needs to go to the IDO page and register. After the registration stage is completed, for each registered user, the share of tokens that they will be able to purchase is determined based on Pool Weight. Pool weight calculation formula can be found here.

RichQUACK Public IDOs will be divided into 3 rounds:

  1. Moon Round
    Registered IDO participant with Level 1–9 Requirement. Read Launchpad Level System. Guaranteed Allocation.
    Duration: 2 Hour. Starts as per start date & time specified by the IDO creator.
    Max % of Hardcap: 100%.Note: Lottery allocation allocation counted after registration period ended and shown in project page.
    “Congratulations, You win Allocation for Moon Round”Your pool weight / total registered pool weight * hardcap = Your Allocation
  2. Diamond Quack Round
    All IDO registered users with Level 1–9 with 30–90 days stake.The round is split into 4 even intervals (30m), with each interval increasing the FCFS multiplier: 0.3x, 0.9x, 2x, 3x.
    You need to refresh the IDO page at the start of an FCFS round to see your updated allocation as soon as possible
    Duration: Starts as per start date & time specified by the IDO creator. Lasts for 2 hours**.
    Max % of Hardcap: 100% or Whatever is left.
    Your pool weight / total registered pool weight * hardcap (what is left from moon round) = Your allocation
  3. Paper Quack Round
    First Come First Served. All stakers can participate regardless of their registration or lottery status.
    Duration: Starts 2 hours after Diamond QUACK round started. Last for 2 hours or until sold out.
    Max % of Hardcap: 100% or Whatever is left.
    Maximum buy 10% of Total token left after diamond round.
NOTES:🌕 If hardcap is reached during Moon QUACK round, the IDO ends immediately successfully and markets can be initiated. There is no FCFS round in that case.🌕 The tokens that need to be held (Moon QUACK) must be in the wallet you will use to connect to an IDO and must be on the same blockchain as the IDO.💎 DIamond QUACK & Paper QUACK is a First Come First Serve Round

If you are unsure about how this works in practice then the general rule is, the more $QUACK you have staked, the more your allocation will be.

This allocation multiplies if you are in the Moon Round& Diamond QUACK Round. Moon Round get the highest multiplication.

IDO day

When the IDO day arrives, there are some simple actions that QUACK holders should perform in order to be a part of it. Check the steps here:

  1. Go to https://app.richquack.com
  2. Connect your wallet to the RichQUACK Dapp with Metamask or WalletConnect.
  3. Choose the IDO project that you want to invest.
  4. Check if you win allocation lottery or guaranteed allocation and Click on the “Invest” button on the opened page
  5. Specify the amount you want to invest according to your max allocation, and press max if you get all of your allocation. Click confirm..

6. You have completed your IDO buy.

7- The tokens will be available to you at the moment of token listing either by airdrop or you can claim on the IDO project page.

Congratulations!

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