Understanding Launchpad Snapshot

This section explains how snapshots ensure fair participation in launchpads by recording user tiers and points before the event. Learn the rules, eligibility criteria, and verification steps.

Understanding the Snapshot Process for TokenFi Launchpad

To ensure a fair and transparent launchpad process, TokenFi employs a snapshot mechanism before the launchpad begins. This snapshot system addresses potential gaming of the system and ensures users participate based on their accurate tier and points at a specific moment. Here’s an in-depth explanation of how the snapshot works and why it’s crucial for maintaining the integrity of the process.

What is the Snapshot?

A snapshot captures all users' wallet tiers and points at a specific point in time before the launchpad starts. This mechanism is designed to prevent users from manipulating their stakes across multiple wallets or upgrading tiers after the snapshot to gain unfair advantages.

How does the Snapshot work?

  1. Snapshot Timing:

    • The snapshot is taken at a specific date and time, specified on the Launchpad Project page.

    • Users are informed in advance of the snapshot timing.

  2. Snapshot Data Captured:

    • Wallet Address: Only wallets included in the snapshot can participate in the launchpad.

    • Tier and Points: The snapshot records each wallet's tier and points, which determine the user’s eligibility and participation level.

  3. Verification Stages:

    • At Purchase: The system checks if the user’s wallet matches the tier and points recorded in the snapshot.

    • At Claim: A second verification ensures the user’s wallet tier and points still align with the snapshot data.

Snapshot rules: Ensuring fairness and integrity in launchpad participation

  1. Fair Participation: Only wallets included in the snapshot are allowed to participate in the launchpad. This eliminates “surprise buyers” and ensures fairness.

  2. Tier Integrity: Users can only participate in the launchpad using the tier and points captured at the snapshot. Even if a user upgrades their tier after the snapshot, they will be restricted to the perks and limitations of the snapshot tier.

  3. Double Verification: To prevent manipulation, the system performs two checks:

    • Purchase Verification: Confirms the wallet tier and points match the snapshot data.

    • Claim Verification: Ensures the wallet still meets or exceeds the points recorded at the snapshot.

Why is the Snapshot important?

The snapshot ensures:

  • No Exploitation: Users cannot unstake and move tokens across wallets to participate multiple times.

  • Consistent Tier Participation: Higher-tier users cannot drop to lower tiers to participate in extended time windows.

  • Transparency: By locking tiers and points, the system avoids confusion and maintains a clear, auditable record.

What happens if users unstake after the Snapshot?

If a user unstakes tokens after the snapshot, they won't be eligible to participate in the presale.

What happens if users unstake after the purchase?

Unstaking before the TGE will void the user's presale purchase, and as a consequence, users won't be able to claim their tokens.

How the TokenFi Launchpad Snapshot system enhances user experience

To improve the user experience, the snapshot process has the following features:

  1. Live Tier Visibility: Users can see their current tier and points in real-time on the Supercharger dashboard before the snapshot.

  2. Snapshot Notifications:

    • Before Snapshot: The project page displays the date and time of the snapshot.

    • After Snapshot: Users see their tier and points as recorded at the snapshot.

  3. Clear Messaging: The system communicates:

    • Rules for participating in the launchpad.

Frequently Asked Questions

Can I participate in a lower-tier window if I’m a higher-tier user?

Yes. Higher-tier users are not restricted from participating during lower-tier windows. However, their eligibility is still based on the tier captured during the snapshot.

What if my live points increase after the snapshot?

Live points earned after the snapshot do not affect your ability to participate or claim. Only the points recorded at the snapshot are used for verification.

How to Check Your Snapshot Data

  1. Before the Snapshot:

    • View your live tier and points on the Supercharger dashboard.

  2. After the Snapshot:

    • Check the tier and points recorded in the snapshot on the project page.

    • Confirm your eligibility before the launchpad begins.

Final Notes

The snapshot process is an essential tool for ensuring fairness, transparency, and security in the TokenFi Launchpad. By locking user data at a specific moment, the system avoids exploitation, protects higher-tier users, and maintains the integrity of the launchpad process. Users are encouraged to follow all rules and guidelines to maximize their participation benefits.

If you have questions or issues regarding your tier or points, contact the support team well in advance of the snapshot to ensure smooth participation.

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