CoinList ICO: Stader + Registration Quiz Answers

[Update 26 Jan 2022]: Stayed up late till 2am and received a queue number of 500k+ for Option 1. Woke up early before 7am and received a queue number of 377k+ for Option 2. Sacrificed my precious sleep over nothing again.

About Stader

Smart contract infrastructure for Staking

Stader’s vision is to help network users stake their assets conveniently and safely through its platform. It is doing this by building key staking middleware infrastructure for Proof-of-Stake (PoS) networks that can be leveraged for several customer segments including retail crypto users, exchanges, custodians, and mainstream FinTech players.

Stader is building native smart contracts across multiple chains including Terra, Solana, Ethereum, Fantom, Hedera, Polygon, and building an economic ecosystem to grow and develop solutions such as yield redirection with rewards, liquid staking, launchpads, gaming, and more.

Key Highlights:

• Stader is creating modular smart contract infrastructure for staking across PoS chains.
• Stader has launched two staking products on Terra - Simplified staking (Stake Pools) and Liquid staking (LunaX).
• Since launching on November 23, 2021, these solutions have acquired significant traction in Terra’s DeFi ecosystem.

SD Token

SD Token is an ERC-20 token and supply will be limited to 150,000,000 tokens.

Early Investors

Stader has raised a total funding of US$16.5 million from several top venture funds and blockchain foundations.

Estimation of entry price of early investors

The following is based on my interpretation of available information and may be incorrect.

Tokens allocated to early investors:

• 150,000,000 X 17% (private sale percentage from Tokenomics published) = 25,500,000 SD tokens

Average entry price:

• US$16,500,000 / 25,500,000 = US$0.647

Based on this estimate, the public offer price is around 5.1x - 6.9x the early investors' average entry price.

Priority Queue

CoinList may in its sole and absolute discretion adjust the parameters of the CoinList website and/or access systems to prioritize access to the Stader sale or the processing of token purchases for certain high-quality users with demonstrated histories of positively contributing to token networks, existing Stader users, or otherwise evidencing indicia of crypto-savvy future players of Stader.

Sale Options

Option 1:

• Date: January 25, 2022 18:00 UTC
• Price: $4.50 per token
• Asset: SD tokens
• Min/max: $100 min, $500 max
• Lockup: 40-day lockup followed by 20% release every month starting on or around March 8, 2022.
• Supply: 2% (3M tokens)

Option 2:

• Date: January 25, 2022 23:00 UTC
• Price: $3.33 per token
• Asset: SD tokens
• Min/max: $100 min, $500 max
• Lockup: 3-month lockup followed by 20% release every 2 months starting on or around April 25, 2022.
• Supply: 2% (3M tokens)

Registration quiz answers

I have registered for the ICO and sharing the registration quiz answers in this blog post.

How many tokens are allocated to the Stader sale?

6,000,000

What is the sale mechanism for the Stader sale?

Users in the waiting room for the sale will be given a random spot in the queue when the sale starts. Users who arrive after the sale starts for the sale will be placed behind those in the waiting room

Which chain did Stader launch two staking products on last year?

Terra

What is Stader built for?

Smart contract infrastructure for staking

What currencies are accepted for payment in the sale?

BTC, ETH, USDC, USDT, ALGO, SOL

What is the price per token and max purchase for the sale?

Option 1: $4.50 per token, $500 limit. Option 2: $3.33 per token, $500 limit

What will happen if someone submits a purchase but doesn’t complete it?

The user’s purchase may be cancelled and the user may be banned from future CoinList sales

Where will I be able to participate in the token sale?

CoinList.co

What happens to a user who uses bots or abuses the Queue-It system?

The user’s account will be terminated and all purchases will be cancelled

Purchase details

If you received an allocation, your purchase will be confirmed when your deposit clears. If your deposit doesn’t clear immediately, that’s fine – you have until February 1, 23:59 UTC to finalize your purchase.

Please note that if you do not complete your purchase before February 1, 23:59 UTC, your purchase may be cancelled entirely and you may be banned from all future CoinList sales.

If you cancel your purchase after all allocations are sold, you may be banned from all future CoinList sales.

When will tokens be received?

• Option 1: 40-day lockup followed by 20% release every month starting on or around March 8, 2022.
• Option 2: 3-month lockup followed by 20% release every 2 months starting on or around April 25, 2022.

Resources

• CoinList sales page for Stader: https://sales.coinlist.co/stader
• Official site: https://staderlabs.com/