How $Lys works ? Tiers Announcement
Hear, hear! Newfound knights and long-time fighters!
Here is a royal announcement that will please you.
We are going to explain you how the next KOO (sales) on our website lyscapital.io will be done.
We have some great surprises in store for our loyal knights in the upcoming battles.
How will the KOO (King Official Offering) be conducted?
The majority of our sales will take place in the form of KOOs. The aim here is to reward the most loyal of our knights throughout the lyscapital journey.
(In this type of sale, no fees will be taken.)
In the LysCapital kingdom, the knights who have the most honor and glory will have the most allowance.
Getting more $LYS will get you more benefits!
The KOOs will take place with a tier system. 👑
For the greatness of our kingdom, and the building of our future empire, LysCapital will offer our holders the best projects of the crypto world. 🔱
Here is how the tiers are divided:
- Squire: Number of veLYS to hold: 5,000
- Knight: Number of veLYS to hold: 10,000
- Baron: Number of veLYS to hold: 20,000
- Prince: Number of veLYS to hold: 40,000
What you need to know: The larger your tier, the more you can invest on each KOO. Here is an example with $100k in allocations:
- Squire: 5% ($5k) total allocation with $100 max per wallet (if there are 50 Squires)
- Knight: 15% ($15k) to be handed out with or $300 max allocations (if there are 50 Knights)
- Baron: 35% ($35k) of total allocation with $700 max allocations (if there are 50 Baron)
- Prince: 45% ($45k) of total allocation with $1500 max allocation (if there are 30 Prince)
The sales system will be by guaranteed allocation. No need to do lotteries and win 1 in 20 times; or have a bot that take the whole allocation.
Stakeholders of $LYS will have a reserved allocation based on the tier and the number of people.
The higher the tier, the less competition you will have and the bigger your allocation!
There are 3 different staking times, of your LYS that will allow you to have veLYS and therefore get your tiers.
Staking LYS over time will allow you to get more or less veLYS, however, as time passes, you will lose your veLYS gradually.
Here is how many veLYS you will receive, depending on the time of lock:
Staking lock of 3 months, 1LYS stake = 0.25 veLYS obtained
Staking lock of 6 months, 1LYS stake = 0.5 veLYS obtained
Staking lock of 12 months, 1LYS stake = 1 veLYS obtained
The more the days go by, the less veLYS you will have, you will lose veLYS one day at a time, using this proportional function:
veLYS= 0.002739 X number day X number LYS
Find out easily the number of veLYS you will have with the formula above.
You can also get the number of veLYS that you will have in 2 months if you remove the number of current days (60 days).
For veLYS (-2 months) = 0.002739 X (nbr day-60) X nbr LYS
If you have the rank of knight, it means you possess 10,000 veLYS. If you decide to stake:
3 months, you will need 40,000 LYS
6 months you will need 20,000 LYS
12 months you will only need 10,000 LYS
Can I lose my rank?
Yes, it is quite possible that you will lose your rank, we use a decreasing tokens curve system. The more time passes, the less tokens you will have.
There are 2 ways to get more veLYS:
- Lock more LYS and longer
- Increase the lock of your LYS
To do so, on the lyscapital.io website you can add lock time or add LYS as you wish.
Everything will be displayed on this dashboard, your number of LYS and veLYS according to the days, as well as your grade, when you will be able to get your tokens and how much.
We advise you to look at the dashboard often enough to check your rank, especially before a KOO.
What if the 1st round is not completed?
Good question, dear knight. If each pool of each tier is not filled, a second FCFS round will occur with the same max allocation for everyone, whether you’re ranked or not.