ZEUS 2.0 — Thunder in Details
The ZEUS 2.0 announcement received impressive feedback from our community, so we’d like to dive deeper and give you a little tour behind the scenes to explain the new structure.
Every new beginning has a few bumps at first, and our team is inspired by the fact that we’re collaborating with the community and can adjust the platform based on valuable suggestions in a matter of hours.
The main goal we’re truly eager to achieve is to create a safe space for our community to get new opportunities and grow along with the platform.
So the question is: how to create a solution that is beneficial to everyone? Is it even possible? Well, we are now one step closer to it! Thus, we invite you to see the details for yourself:
How will we Run upcoming IGOs
Let’s start with an overview of the IGO mechanics we’re implementing. As we explained in our previous article, we’ll have 2 main pools: Heroes and Muses. Heroes pool is divided into 4 tiers with 25 participants each, top-100 participants will be picked based on the amount of staked YAY tokens. “Muses” pool, on the other hand, will be accessible for any YAY staker out there.
Here are the main stages:
- Every participant (both in “Heroes” and in “Muses” pools) who would like to participate in any IGO has to submit a pending order for buying an available allocation (the exact size depends on the IGO terms, tier level, and pool).
- We gather this data and send a request to VRF (Variable Random Function) to create the final list of tier participants according to the chances for every tier. For instance, tier 1 participants have a 100% likelihood to get into the final list, while tier 3 stakers have 90% chances, so we’ll send a request to VRF to randomly select 3 people, whose orders won’t be processed in full. But don’t worry, we prepared a little something for these participants, keep reading.
- Based on the size of the allocation available after “Heroes” orders are accepted, we calculate the final amount of Muses participants with a very simple formula: Allocation size/minimum ticket size = number of Muses pool members
- Once we have the final number of participants, we forward the list of all stakers in Muses pool to VRF and request them to randomly select participants, whose orders will be processed. This way, every staker has an opportunity to participate in the IGO.
- We’re crediting newly bought tokens to lucky participants and returning funds to pool members whose orders weren’t executed according to the final list we receive from VRF.
How do we keep it fair?
Fair is a strong word, but it’s the direction our moral compass leads to. Here are the main safety measures we implemented in our system:
- The number of Heroes Pool participants will remain 100, so it’s easy to follow and check the possibility of getting into the “Heroes” pool regardless of the IGO we run.
- It would be unfair for top-stakers not to have a proper chance of participating in IGO. Do you remember tier participants excluded by VRF? Here is the deal: every tier participant, whose order wasn’t executed in full, will become a “Muses” pool participant and receive a guaranteed minimum allocation.
- Every YAY supporter should have a chance to unlock IGO possibilities, and we want to make sure that it’ll be anybody’s game. VRF will pick the final participants randomly, so every yay gangster can become the lucky holder of a new token.
Why is this solution beneficial?
At first glance, it might seem like we’re overthinking something that should be a standard scheme, but we strongly believe that this model is capable of satisfying the needs of our community.
- By bringing VRF solution to the table, we’re making sure that our IGOs is fair and transparent;
- By guaranteeing a minimum allocation for tier participants, we’re making sure that it’s interesting to be in top-100 stakers and increasing the demand for YAY;
- By allowing every staker to participate in the IGO we’re making sure that every YAY supporter can benefit from our activities;
- By giving everyone the same timeframe for participation, we’re making sure that processes are well synchronized, and we don’t have any redundant or overly time-consuming steps;
- By registering pending orders before confirming them, we’re making sure that the IGO project will raise enough funds and will be satisfied with the results. Outcomes of such satisfaction are simply incalculable: with a chain of success stories, we’ll be able to attract larger projects and negotiate better deals for our community.
About YAY Games
YAY Games is a decentralized game publisher that aggregates a wide range of games focused on Play-2-earn, NFTs, and DeFi.
As the ultimate GameFi brand, YAY Games also works as an Incubator thanks to its Initial Game Offering (IGO) Platform “Zeus” — allowing top gaming projects to have access to the expertise, large community, and sophisticated game mining architecture.