Announcing Overlay Allocation Tiers and Allowlist Deadline.

Get to know the Allocation Tiers & Allowlist closing date for the Overlay IDO

Polkastarter
Polkastarter

The countdown has now officially begun for the Overlay IDO Allowlist application period, with the deadline set for January 21st at 3 PM UTC. 

For this IDO, we’ll have adapted allocation tiers as described below.

Allocation Tiers for the Overlay IDO

This sale will have an (experimental) updated Tier and Allocation system. Make sure to maximise your chances of participating by holding/staking POLS, as well as maximising your desired allocation. The snapshot is taken at the time of the lottery (Jan 22nd, 3pm UTC).

Tier 1: +250 - 999 POLS Power = $100 Allocation
Tier 2: 1,000 - 2,999 POLS Power = $200 Allocation
Tier 3: 3,000 - 9,999 POLS Power = $300 Allocation
Tier 4: 10,000 - 29,999 POLS Power = $500 Allocation
Tier 5: 30,000+ POLS Power = $800 Allocation

Please note that if you stake POLS you will immediately become eligible for your current tier. Holding POLS won’t be enough to get a higher tier once the upgrade process requires a 7-day holding period.

How to buy POLS

The more POLS you own, the higher your chances of getting allowlisted, together with the higher allocation size you receive for this IDO. For more details on how the progressive allowlisting system works, you can read more here. Please note that the allocation tiers for Overlay IDO are updated and explained above in this article.

You can buy POLS directly via onramps like for example Crypto.com, Coinbase or Binance. You can also trade other tokens for POLS on centralised exchanges like Kraken, Coinbase, Binance for example, or swap on decentralised exchanges like Uniswap or PancakeSwap. 

Make sure you purchase the right token ($POLS). You can always double-check with the contract addresses: 

  • POLS on BNB Chain: 0x7e624fa0e1c4abfd309cc15719b7e2580887f570
  • POLS on Ethereum: 0x83e6f1e41cdd28eaceb20cb649155049fac3d5aa

Here’s our complete guide on how to buy POLS.

How to get POLS POWER 

POLS Power consolidates eligible POLS balances from multiple sources, acting as a key factor in determining your eligibility for an IDO. Explore this article for a comprehensive understanding of the POLS Power concept.

There are 2 ways to get POLS Power: 

1. Hold POLS
You can receive POLS Power by simply holding POLS in a self-custodial wallet such as MetaMask. Please remember that you’ll have to wait 7 days before the POLS held will translate into POLS Power.

2. Stake POLS
If you want to skip the 7-day waiting period you’re better off with staking POLS. Staking POLS gives you an advantage by making you instantly eligible for all currently open and future allowlists.

Please be aware that your allocation tier is fixed at the moment of the lottery. That is already less than 7 days at the time of publishing this article. If you want to optimise your tier position, you will have to stake the additional POLS.

Allowlist closing on January 21st, 3pm UTC

The Overlay Protocol IDO Allowlist is closing on January 21st at 3PM UTC!

Make sure to apply here before the deadline and get in position for your desired allocation tier by staking extra POLS before the lottery event on Monday, January 22nd, 3pm UTC.

More info on how to participate and final information will be shared soon!


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