Star Atlas is Launching on AcceleRaytor
We’re excited to announce that on September 1, Star Atlas will be launching on AcceleRaytor!
Star Atlas creates a revolutionary metaverse that emerges from the confluence of state of the art blockchain, real-time graphics, a multiplayer video game, and decentralized technologies.
This article covers the two parts of an AcceleRaytor launch: 1) the Public Raise and 2) the IDO on Raydium.
1. ATLAS & POLIS AcceleRaytor Public Raise details:
The Star Atlas metaverse leverages two tokens: 1) Star Atlas (ATLAS), the primary currency used in the game itself. 2) Star Atlas DAO (POLIS), the primary governance token of Star Atlas.
This AcceleRaytor launch will consist of two pools, one for ATLAS and one for POLIS.
Total tokens for the raise: 180,000,000 ATLAS and 1,800,000 POLIS (0.5% of total supply for each token), unlocked
Token fixed price: 0.00138 USDC for 1 ATLAS and 0.138 USDC for 1 POLIS
Total raise: 496,800 USDC (248,400 USDC for each token)
Model: Lottery for allocation
Allocation for winning ticket: 69 USDC (50,000 ATLAS) or 69 USDC (500 POLIS) respectively. Winning tickets will be determined separately for each of the two pools.
Total number of winning tickets: 3,600 winning ATLAS tickets and 3,600 winning POLIS tickets
Pools open: September 1, 12:00 UTC
Pools close: September 2, 00:00 UTC
Open period of the pools: 12 hours
Eligibility and pool details:
There will be one RAY pool available for the ATLAS raise and one RAY pool available for POLIS.
- Allocation will be determined by a lottery system.
- Allocation for one winning lottery ticket: 69 USDC (50,000 ATLAS) or 69 USDC (500 POLIS) respectively.
- There will be two snapshot deadlines to determine ticket allotment.
7-day deadline:
- Eligibility: At least 100 RAY staked in RAY single-sided staking prior to the 7-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 100 RAY staked — up to a maximum of 5 tickets. Staking more than 500 RAY will still receive 5 tickets maximum.
- 7-day staking deadline: August 25, 12:00 UTC
- NOTE: Users will receive tickets for BOTH pools according to RAY staking requirements above. However, each pool must be deposited in separately, and winning tickets will be chosen separately for each pool.
30-day deadline:
- To reward longer term Raydium holders, users that are eligible for the 30-day deadline will receive additional tickets on top of any received for the 7-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 7-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: Aug 2, 12:00 UTC (snapshot already taken)
- NOTE: Users will receive tickets for BOTH pools according to RAY staking requirements above. However, each pool must be deposited in separately, and winning tickets will be chosen separately for each pool.
Star Atlas Badge holders: Holders of a Star Atlas NFT badge will also be eligible for lottery tickets. Please check with Star Atlas for details or view their medium post.
How does it work?
Tickets: Users receive tickets according to the ticket allotments above. However, for a ticket to be counted in the lottery, users must deposit USDC for each ticket they wish to have entered.
- Example: Alice has 12 tickets for both the ATLAS and POLIS pools as the above example. Bob staked 300 RAY before the 7-day deadline and will receive 3 tickets for each pool.
Deposit: When the pool opens, users will need to deposit 69 USDC for each ATLAS ticket and 69 USDC for each POLIS ticket in order for it to be counted in the lottery. Users can choose to deposit less than their total ticket allocation, however tickets without a matching deposit will not be entered in the lottery. Deposits must be in multiples of 69 USDC for both pools.
- Alice and Bob decide to enter the ATLAS pool. Alice deposits 828 (69*12) USDC, her maximum allocation for ATLAS, to ensure that all 12 of her tickets are entered in the lottery. Bob deposits 138 (69*2) USDC even though he has 3 tickets because he needs the extra 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.
Lottery: Once the pool closes, the lottery will take place and winning tickets will receive a 69 USDC allocation for ATLAS or a 69 USDC allocation for POLIS. Results of the lottery will be shown very shortly after the pool closes.
- Example: Alice has 1 winning ATLAS ticket and will receive a 69 USDC allocation. Bob does not have any winning tickets, better luck next time, Bob.
Claim: Once the lottery is complete users will be able to remove their USDC for any tickets that did not win. Claims for ATLAS and POLIS from winning tickets will open once trading begins for the ATLAS and POLIS IDOs (details below).
- Example: Alice and Bob claim USDC for non-winning tickets after the lottery concludes. Alice must wait for the ATLAS and POLIS IDOs to claim her respective tokens.
Lottery Transparency
The lottery will be done on-chain, with lottery numbers assigned to tickets in the order that users deposit in the pool. After the pool closes, winning numbers will be determined by hashing a block, multiplying it by the timestamp, and matching the last 2 digits of that number with user ticket numbers. Any ticket number with the last 2 digits matching is designated a winning ticket. This process will be repeated until all the winners are determined.
2. ATLAS & POLIS IDO on Raydium:
Token starting price: 0.00138 USDC for 1 ATLAS and 0.138 USDC for 1 POLIS
IDO Launch time: September 2, 13:00 UTC.
How does it work?
- Raydium will launch both an ATLAS-USDC and POLIS-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 ATLAS-USDC and POLIS-USDC LP launch.
Fusion Pool — Provide liquidity to earn ATLAS and POLIS rewards
- Users will also be able to add liquidity to the ATLAS-USDC and POLIS-USDC LPs and then stake LP tokens to earn yield on the Fusion Pools page. Rewards will be in ATLAS and POLIS 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 Star Atlas?
Star Atlas is a grand strategy game that combines space exploration, territorial conquest, and political domination. In the distant future, players can join one of three galactic factions to directly influence the course of the metaverse and earn real-world income for their contributions.
The Star Atlas offers a unique gaming experience by combining block chain mechanics with traditional game mechanics. All assets in the metaverse are directly owned by players, and can be traded on the marketplace or exchanged on other cryptocurrency networks.
- Website: https://staratlas.com/
- White paper: https://staratlas.com/files/star-atlas-white-paper.pdf
- Medium: https://medium.com/star-atlas
- Twitter: https://twitter.com/staratlas
- Telegram: https://t.me/staratlasgame
- Discord: https://discord.gg/staratlas
- Twitch: https://www.twitch.tv/staratlasgame
- Youtube: https://www.youtube.com/channel/UCt-y8Npwje5KDG5MSZ0a9Jw/videos
Make sure to follow official Raydium accounts below for updates.
- Join the discussion on Discord: https://discord.gg/6EvFwvCfpx
- Follow us on Twitter: https://twitter.com/RaydiumProtocol
Persons located in or residents of the United States, North Korea, Iran, Venezuela or any other jurisdiction in which it is prohibited from using any of the services offered on the Raydium website, including AcceleRaytor, (the ”Prohibited Jurisdictions”) are not permitted to make use of these services. For the avoidance of doubt, the foregoing restrictions on any of the services offered on the Raydium website from Prohibited Jurisdictions applies equally to residents and citizens of other nations while located in a Prohibited Jurisdiction.
