๐ฃHistory of the Celestial Collection
The Celestial Collection was created to mitigate token price volatility and enable Equinox to operate until the development of a suitable tokenomics model. This innovative approach distinguished Equinox from other launchpads and placed it in a unique position at the dawn of the new bull run.
Celestial Collection NFTs Original Utility
Summer - Tier 4
Guaranteed allocation in IDOs.
Highest allocation.
Vernal - Tier 3
Lottery & FCFS (First-Come, First-Served).
High allocation.
Winter - Tier 2
Lottery & FCFS.
Moderate allocation.
Autumnal - Tier 1
Lottery & FCFS.
Low allocation.
The first 65% of each pool was allocated to lottery winners. Once those were filled, the final 35% of each tierโs total pot was available to non-winning lottery participants on a FCFS basis.
To ensure the Summer NOX tier remained the top tier, a waterfall allocation method was used, meaning that participation levels in the top tier determined the allocation for each tier below.
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