🙋‍♀️Presale Participation

Prefunding Mechanism

The prefunding mechanism in Noxstarter is crucial in the allocation process for presales. It's designed to encourage early participation and engagement by community members, offering them the opportunity to secure and enhance their allocations before presale events. This mechanism also effectively demonstrates the community's tangible demand for projects, serving as a valuable indicator for both Equinox and the project teams involved. Such visibility enhances our ability to attract top-quality projects and potentially secure additional allocations for the community.

Prefunding Phase

The prefunding phase commences when a project is listed on the Noxstarter page, typically occurring up to two weeks before the presale starts. During this phase, eligible participants can securely lock their stablecoins, like USDT or USDC, in an escrow contract on Noxstarter. Participants, while prefunding their allocations, will have access to estimates based on historical data and other known factors, providing a comprehensive indication of the potential maximum individual allocations they may be eligible for. These estimates are intended for guidance only and are not binding, as actual maximum allocations depend on various factors, including participation levels and lottery results.

Overfunding

Participants can use the provided information to guide their decisions but are also allowed to lock uncapped amounts of stablecoins in the escrow contract. Overfunding the allocations provides participants with funds that may be used to secure additional allocations if available.

Benefits of Early Participation and Queue-Based System

When approving the prefunding transaction, the system generates a timestamp that determines the transaction's position in the queue. Distribution of any excess tokens to overfunded participants will be conducted according to this queue system.

Submitting multiple transactions is possible, with each transaction receiving its unique timestamp.

Participants in tiers 1 through 8 are informed of a minimum prefund requirement, typically equating to the estimated allocation of a single winning ticket in their tier. Meeting this requirement enables the participant to generate an additional ticket daily throughout the prefunding phase.

Presale Event

Conducting the Lottery

Following the prefunding phase, a lottery is conducted for each tier, considering all eligible tickets within that tier.

Finalizing Allocations

The allocation from each winning ticket is added to the ticket owner's individual allocation. Owners of multiple winning tickets can accumulate allocations, potentially exceeding the general limits of their specific tier.

Presale event is conducted automatically, finalizing allocations and processing the distribution of all eligible tokens within one continues process. Therefore, no additional funds can be added past the prefunding phase.

Excess Funds and Queue-Based Distribution

In cases where unsold tokens remain, excess allocation is distributed to overfunding participants in a cycle. This process cycles through the list of overfunded transactions according to their timestamp order in the prefunding queue.

Each cycle imposes limits on extra allocations participants can secure through overfunding, typically equal to the allocation of one winning ticket or the guaranteed allocation of their tier. The system continues allocating unsold tokens in cycles until all tokens are sold or all excess funds are depleted. Upon completion of the presale, all participants with excess funds remaining in the escrow contract can withdraw their remaining funds.

This automated approach to distributing additional allocations from excess tokens eliminates the need for a first-come-first-served (FCFS) bonus round, providing a fair and equitable distribution that further incentivizes engagement and early participation.

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