BinStarter Tier System

  1. Staking Dashboard

The BinStarter Tier System was designed to enhance benefits for BSR token holders. The tier system provides increasing privileges based on your tier level, granting improved access to BinStarter's IDOs and offering greater rewards for staking BSR.

The "BSR Staking" screen simplifies advancing your tier level and provides comprehensive details about BinStarter's Tier System, including:

a. IDO Allocation Multiplier: Shows the guaranteed allocation weight based on staked BSR and the total BSR locked for staking.

b. Staking Section: Allows users to stake and unstake BSR directly from this section.

c. Earned BSR: Displays total earned BSR rewards and provides an option to claim rewards.

d. Locked BSR: Shows the total BSR locked for staking by all BinStarter investors, along with the current market value in USD.

e. Tiers: Enables users to explore benefits and specifics of each tier level by clicking the respective tier.

f. Reward Calculator: Displays the potential daily BSR reward based on the number of BSR to be staked.

  1. Single Staking Pool

The Advance Stake Dashboard streamlines the staking process and ensures transparent information flow.

Users can now manage the entire system from a single pool and automatically switch between tiers. By increasing the staked BSR amount, users can seamlessly switch to a higher tier without waiting for the unstake period.

To view the benefits of each tier level, click on any tier to display its corresponding details.

  1. Tier Levels

To qualify for each tier, you must meet the minimum staking requirements with your BSR. The higher the IDO allocation pool you want to participate in, the more BSR you need to stake and in return, will also yield higher staking rewards. Make sure to stake the minimum BSR for the tier level that suits you best. 

Each tier has minimum staking requirements as per below:

  • Tier 1 — min 1000 BSR
  • Tier 2 — min 2000 BSR
  • Tier 3 — min 4000 BSR
  • Tier 4 — min 8000 BSR
  • Tier 5 — min 16000 BSR
  • Tier 6 — min 32000 BSR
  • Tier 7 — min 64000 BSR
  • Tier 8 — min 128000 BSR

All tiers provide access to guaranteed IDO allocations, with the allocation size increasing with higher tiers. The IDO allocation multiplier depends on staked BSR, with higher tiers receiving larger multipliers.

Example:

A user who stakes 2,500 BSR will be eligible for Tier 2, as the BSR requirement for Tier 2 ranges from 2,000 to 3,999 BSR.

If a Tier 2 user with 2,500 BSR in the staking pool adds an extra 6,000 BSR, they will easily become a Tier 4 user, increasing their IDO allocation and staking rewards without any delay.

Here's another example for users who also participate in farming while staking in pools. Suppose you stake 32,000 BSR in Tier 6 and have 16,000 BSR + 10 BNB LP pair in farming.

In this scenario, with a total of 32,000 + (16,000 * 2) = 64,000, you will qualify for the Tier 7 allocation level.

  1. BSR Staking Rewards

In addition to gaining access to BinStarter's IDOs by staking BSR, you will also receive staking rewards. The reward amount increases based on the tier you are participating in.

BSR staking will continue to offer high APR rewards, with 8 different tiers each integrated with varying APR rates and a standard emission calculation. As a community-focused project, our priority is always our community. According to our token plan, a significant supply of tokens is allocated for staking rewards. Therefore, APR rates will remain at the highest emission-based level. Below are the APR rates for each tier level:

  • Tier 1: 1%
  • Tier 2: 2%
  • Tier 3: 3%
  • Tier 4: 4%
  • Tier 5: 5%
  • Tier 6: 6%
  • Tier 7: 25%
  • Tier 8: 50%

  1. IDO Allocation

All tiers provide access to a guaranteed allocation, allowing you to participate in all BinStarter IDOs. The size of the allocation varies by project, but the higher the tier, the greater the allocation available to you.

The IDO allocation multiplier is determined by the amount of BSR you stake. This multiplier value sets the limit of the allocation you will be eligible for in an IDO.

The pool weights for each tier level are as follows:

  • Tier 1: 1x Guaranteed Allocation
  • Tier 2: 2x Guaranteed Allocation
  • Tier 3: 4x Guaranteed Allocation
  • Tier 4: 8x Guaranteed Allocation
  • Tier 5: 16x Guaranteed Allocation
  • Tier 6: 35x Guaranteed Allocation
  • Tier 7: 75x Guaranteed Allocation
  • Tier 8: 160x Guaranteed Allocation
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