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Avorak Token Staking
Avorak has allocated a percentage of the total supply to primary locked staking pools so that those invested for the long term may increase their percentage hold of AVRK through three pools.
The pools will be funded with 2,000,000 tokens, 5% of the total maximum supply, meaning that there will be no inflation against the total maximum supply.
The pools will be allocated as follows:
Diamond Pool - 1-year lock, 1.56 million token rewards allocation with 10.5 million token maximum staked limit. Minimum APR of 14.86% if the staked limit is reached. Platinum Pool - 6-month lock, 340 thousand token rewards allocation with 7.5 million token maximum staked limit. Minimum APR equivalent of 9.07% if the staked limit is reached. Gold Pool - 3-month lock, 100 thousand token rewards allocation with 10 million token maximum staked limit. Minimum APR equivalent of 4.00% if the staked limit is reached.
The pools will open on launch day for deposit. There is space for 100% of the ICO supply to be staked, meaning no one can be left out.
Tokens can be staked at any time, providing there is still space in the desired pool.
The pools will unlock at 1 year/6 months/3 months after the creation of the pool. Any tokens staked after the launch time will only be subject to locking for the remaining time period on the pool. For example, tokens staked in the 3-month pool 2 months after the start of the pool will only be subject to a 1-month lock until the pool reaches maturation.
Rewards are unlocked and saleable upon a claim or can be locked in any pool with remaining space for additional rewards.
Tokens staked in a locked pool cannot be unlocked until the pool reaches maturation time. Any additional staking after this period would involve buyback using revenue and not involve minting any additional tokens. The maximum supply of AVRK is capped at 40 million.