Auction Mechanism

Offerings take place in 2 phases:

1️⃣ Early Access (10 minutes) - open to tiers 5, 6, 7 only

2️⃣ FCFS (24 hours) - open to all tiers

The sale will last 24 hours; Tiers selected for Early Access will get priority in the first 10 minutes. Any capacity remaining after Early Access will be shared among all Tiers through FCFS Access. If the pool is not filled in within 24 hours, the token won’t be launched and EAO investors will be able to claim their funds back.

Tiers determine (i) early access eligibility, (ii) max allocation per wallet.

There are only 2 ways to get into a tier:

1. Stake $VADER

2. Get a WL

The vast majority of capacity will be allocated to $VADER stakers, however a pool will also be allocated to WLs for marketing purposes.

There are 7 tiers – the tier classification of $VADER stakers are determined by points which are determined by (i) staked $VADER amount, (ii) staking commitment duration, (iii) post-EAO hodling behavior.

Below are tiers and minimum score requirements for each tier:

• Staked $VADER amount: The more $VADER staked, the higher the points.

• Staking commitment duration: Holders will get to choose from various commitment durations; 1 month, 3 months, 6 months and 12 months. The higher the commitment duration, the higher the points. Duration multipliers: 30 day (0.5x), 90 day (1x), 180 day (2x), 360 day (3x).

• Post-EAO hodling behavior: Every team wants to have a loyal supporter base that holds their tokens for as long as possible. We believe enforcing vesting is an ineffective strategy that leads to ineffective price discovery. We reward loyal hodlers and punish immediate sellers with the hodler score. Hodler multiplier is a proprietary ML-based score. The longer EAO tokens invested are held, the higher the points.

Here is the points formula:

Points: (Staked $VADER ^ 1.03) * duration multiplier * hodler multiplier

Points might be slightly amended in the future to ensure everything is balanced.