Staking Power
Staking Power grants access to the project IDOs on Uplift.
Staking Power starts to accumulate right in the moment a participant locks up a particular token amount. After a period of seven days, a user can claim it to utilize it when participating in IDO events. An instance of Staking Power is calculated by multiplying the amount staked by boosters earned.
Staking Power is burned when a person unstakes their stake.
An instance of Staking Power amounts to a particular number of lottery tickets, therefore the more Staking Power a participant has — the higher are their chances to get more lottery tickets. Consequently, the more lottery tickets they receive — the greater is the likelihood of them getting the desired IDO’s allocation.
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