Nirvana is Launching on AcceleRaytor

IMPORTANT: $prANA is not a standard governance token!

1. prANA AcceleRaytor Public Raise details:

Eligibility and pool details:

  • Allocation will be determined by random ticket draw.
  • Allocation for one selected ticket: 50 USDC
  • There will be four snapshot deadlines to determine ticket allotment.
  • Eligibility: At least 100 RAY staked in RAY single-sided staking prior to the staking deadline below and successful USDC deposit once the pool opens. RAY must remain staked until the pool opens.
  • Lottery tickets: 1 ticket for every 100 RAY staked — up to a maximum of 5 tickets. Staking more than 500 RAY will still receive 5 tickets maximum.
  • Staking deadline: April 1, 16:00 UTC
  • NOTE: Staking deadline set to a later date than normal 7-day deadline due to Nirvana’s protocol launch timing.
  • Users that are eligible for the 30-day deadline will receive additional tickets on top of any received for the 4-day deadline.
  • Eligibility: At least 50 RAY staked 30 days prior to the 30-day staking deadline below and successful USDC deposit once the pool opens. RAY must remain staked until the pool opens.
  • Lottery tickets: 1 ticket for every 50 RAY staked — up to a maximum of 5 tickets, and 1 additional ticket for every 1,000 RAY staked.
  • Example: Alice has had 2,500 RAY staked before the 30-day deadline. She will receive 12 tickets — 5 for the 4-day deadline 100 RAY max allotment, 5 for the 30-day deadline 50 RAY max allotment, and 2 additional for each 1,000 RAY staked.
  • 30-day staking deadline: March 2, 16:00 UTC (snapshot already taken)
  • Users that are eligible for the 90-day deadline will receive additional tickets on top of any received for the 30-day and 4-day deadline.
  • Eligibility: At least 50 RAY staked 90 days prior to the 90-day staking deadline below and successful USDC deposit once the pool opens. RAY must remain staked until the pool opens.
  • Lottery tickets: 1 ticket for every 50 RAY staked — up to a maximum of 5 tickets, and 1 additional ticket for every 1,000 RAY staked.
  • Example: Carol has had 3,000 RAY staked before the 90-day deadline. She will receive 21 tickets — 5 for the 4-day deadline 100 RAY max allotment, 5 for the 30-day deadline 50 RAY max allotment and 3 additional for each 1,000 RAY staked, and 5 for the 90-day deadline 50 RAY max allotment and 3 additional for each 1,000 RAY staked.
  • 90-day staking deadline: January 1, 16:00 UTC (snapshot already taken)
  • Users that are eligible for the 180-day deadline will receive additional tickets on top of any received for the 90-day, 30-day, and 4-day deadline.
  • Eligibility: At least 50 RAY staked 180 days prior to the 180-day staking deadline below and successful USDC deposit once the pool opens. RAY must remain staked until the pool opens.
  • Lottery tickets: 1 ticket for every 50 RAY staked — up to a maximum of 5 tickets, and 1 additional ticket for every 1,000 RAY staked.
  • Example: Dave has had 3,000 RAY staked before the 180-day deadline. He will receive 29 tickets — 5 for the 4-day deadline 100 RAY max allotment, 5 for the 30-day deadline 50 RAY max allotment and 3 additional for each 1,000 RAY staked, 5 for the 90-day deadline 50 RAY max allotment and 3 additional for each 1,000 RAY staked, and 5 for the 180-day deadline 50 RAY max allotment and 3 additional tickets for each 1,000 RAY staked.
  • 180-day staking deadline: October 3, 16:00 UTC (snapshot already taken, date modified for RAY staking updates)

How does it work?

  • Example: Dave has 29 tickets, Carol has 21 tickets, and Alice has 12 tickets as the above examples. Bob staked 300 RAY before the 4-day deadline and will receive 3 tickets.
  • Carol deposits 1,050 USDC, and Alice deposits 600 USDC, their maximum, to ensure that all of their tickets are entered in the draw. Bob deposits 100 USDC even though he has 3 tickets because he needs the extra 50 USDC to buy Alice a cool NFT that is dropping that day. In Bob’s case, only 2 of his tickets will be entered in the lottery.
  • Example: Carol has 4 selected tickets and will receive a 200 USDC allocation. Alice has 1 selected ticket and will receive a 50 USDC allocation. Bob does not have any selected tickets, better luck next time, Bob.
  • Example: Carol claims her 850 USDC, Alice claims her 550 USDC, and Bob claims his 100 USDC after the draw concludes. Carol and Alice must wait for the prANA IDO to claim prANA.

2. prANA IDO on Raydium:

How does it work?

  • Raydium will launch a prANA-USDC liquidity pool (LP), after which trading will be live on the Raydium Swap interface. The AMM will begin placing orders on Serum a short time after the LP launch.
  • Participants with winning tickets for the AcceleRaytor raise pool will also be able to claim their tokens at approximately the same time that the prANA-USDC LP launches.
  • Users will also be able to add liquidity to prANA-USDC LP and then stake LP tokens to earn yield on the Fusion Pools page. Rewards will be in prANA tokens.
  • Reward emissions on the Fusion pool will begin shortly after the LP launches, to give users time to add liquidity and stake in the Fusion pool for yield farming.

What is Nirvana?

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