A tier system is a hierarchy of levels (tiers) that reflects the amount of $GENE tokens staked by holders. MetaGene has a six-tier system. For example, staking 100,000 - 190,000 $GENE tokens gives entry to Tier 1, while staking at least 3,250,000 $GENE tokens grants access to the highest (Regulators)
The tier system makes participation more accessible and rewards bigger investors by offering them pool weight multipliers of up to 100x.

Allocation means distribution of MetaGene tokens in accordance with the launchpad’s Tier System. All investors who have been assigned Tier 2 and above are guaranteed an allocation. It means that they receive a right to invest into any project launched through our platform during its IDO stage.

Pool weight refers to the size of IDO participants’ allocations determined by their Tier. The higher the tier, the larger the allocation, The exact formula that is used to calculate Pool Weight can be found here.

$GENE tokens will be automatically sent to the wallet address that you used to register for Private Sale. It will happen on the day $GENE tokens are listed. The exact date and time of the token’s listing will be shared via our website and socials.

FCFS stands for First Come First Serve. Whatever tokens are left will be up for public sale. FCFS participants of Tier 3 and above will be able to purchase an additional amount of tokens determined by their Pool Weight. The FCFS round will stay open until all the remaining tokens are sold out, which usually takes just a few minutes. Once the FCFS stage is over, the IDO will be closed.

IDO participants of Tiers 5 and 6 will get access to Private Rounds of investment into other projects that will be launched on MetaGene.

If you have any questions feel free to contact our tech support team.

We are planning to hold our first IDO right after the $GENE token is listed. The exact dates of all IDOs projects will be announced on our website and socials.