The time to put your $KST to work has officially arrived! Starting today, the community can begin staking their tokens to get allocations in the upcoming slate of IDOs.
In short order, the team is excited to begin announcing them, and to show you what they have been working on behind the scenes.
Like all launchpads, KSM Starter will distribute its IDO allocations according to a set of tiers:
The more $KST an investor stakes, the more allocation that they will receive, along with other benefits such as auto-invest, which spares them from the inconvenience of FCFS.
To stake, simply follow these five steps:
- Visit KSM Starter’s official app and staking page: app.ksmstarter.com/staking
- Through the Ethereum network, connect your non-custodial browser based wallet.
- Input the amount of $KST tokens that you would like to stake, according to the Tier you would like to claim.
- Press the “Stake” button
- Approve the transaction via your wallet.
And that’s it, welcome to KSM Starter! With your tokens staked and your tier confirmed, you are locked and loaded for the first IDO, which will be announced soon!
About KSM Starter
KSM Starter, the primary launchpad on Kusama, is built to provide early-stage support and public funding for projects building on Substrate. KSM Starter’s incubator modeled launchpad is driven by the community and shared values of fairness, transparency, and decentralized organization. Unique to the KST ecosystem, community members are incentivized to participate in the pre IDO selection process through higher allocation rewards. Also unique to KSM Starter, collaboration is fostered among launched projects by incentivizing community members to support previous launches by awarding them with improved lottery odds. This along with the KST Ecosystem Council generates a synergistic network effect that empowers all projects to succeed and leave a lasting impact on Kusama.