Leaderboard Pools
This Leaderboard mechanic greatly gamifies token launches allowing projects to compete for and win a buy and burn for their token.
There are multiple ways to win with BuilDeFi.
The Platform Leaderboard Pool
Build on Token (BoT) Leaderboard Pools
Platform Leaderboard Pool:
This leaderboard ranks all protocols with the primary pair of the native token on each blockchain and has biweekly winners based upon highest LP fees generated (volume) on the platform.
Every 2 weeks, up to 5 tokens will win a buy and burn for their token. If a token was not built with a Buy & Burn, a new one will be created for that token upon winning.
BoT Leaderboard Pools:
These are individual leaderboard pools for all whitelisted and certified tokens on BuilDeFi.
When a token launched on BuilDeFi is certified, it is now able to be selected as a ‘BuildOnToken’ (BoT) to pair newly created tokens with.
Certification also signifies a new leaderboard pool to be created so when tokens are built upon it they will be automatically in the running to win a buy and burn for the new token.
If a token with a leaderboard pool has zero volume for 1 month, a CTO (Community Take Over) will be triggered and any funds within the leaderboard pool will be distributed, as shown below.
1 ETH total balance is required for a token to become Certified.
(adjustable with admin function)
Payout amount:
20% of balance
EXAMPLE:
20% of 1 ETH = 0.2 ETH
20% of 0.8 ETH = 0.16 ETH
Minimum amount of payout to trigger:
If total payout is less than 0.1 ETH (0.5 ETH balance), then pause leaderboard and resume once balance is greater than 0.5 ETH
Payout interval:
Every 2 weeks
CTO Trigger
After 1 month where less than $1 USD of volume is traded (threshold is platform adjustable) the leaderboard pool gets distributed:
50% Platform Leaderboard Pool
50% Platform Genesis
After distribution of leaderboard, a CTO option is enabled for a $8 fee
CTO user mints new owner NFT (old NFT is no longer receiving rewards)
Leaderboard Winning Allocations
When tokens are certified or are whitelisted to build upon, a leaderboard pool will be created for that token so BoT (build on token) projects can WIN a buy-and-burn balance, based on trading fees generated (volume).
The winners will earn a buy and burn balance for their token.
A standardized buy and burn will be deployed upon winning the leaderboard contest for the winning token(s)
If the token has an active buy and burn from the launch and they win a leaderboard contest, winning funds are added to the original buy and burn with updated settings.
If a token has no buy and burn, a new one will be created for their token upon winning.
20% of the balance of the pool will be distributed every 2 weeks like this…
If there are more than 5 tokens built upon a base token, there will be 5 winners every 2 weeks.
If there are less than 5 tokens built upon a base token, the winning allocations are as follows.
Payout Percentages:
1 token:
100% 1st place
2 tokens:
70% 1st place
30% 2nd place
3 tokens:
50% 1st place
30% 2nd place
20% 3rd place
4 tokens:
40% 1st place
25% 2nd place
20% 3rd place
15% 4th place
5+ tokens:
30% 1st place
25% 2nd place
20% 3rd place
15% 4th place
10% 5th place
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