Staking System

Paragen is native to BSC and will be live on the BSC Mainnet, hence after connecting your 0x bsc mainnet wallet, you have the option to link a solana address to your account. We may launch Solana projects and since Solana uses a different wallet we have integrated a section to link your Solana Wallet to your main account. Solana Supported wallets include : Trust Wallet, Solflare, Phantom etc.
After Connecting to Paragen Via BSC Mainnet, you can go to account and link a Solana Wallet Address.
Staking is an integral part of participation, as you must stake your RGEN tokens in order to participate. To participate, stake your RGEN tokens in the desirable tier that meet your amount of tokens.
Staking Rewards
Paragen has a tempting staking rewarding system and is required to participate in any upcoming IGO’s.
You Must stake your RGEN tokens 24 hours before the IGO to be whitelisted since the snapshots are taken 24 hours before each project IGO initiation.
Paragen currently uses only a single staking system, which means you only need to stake RGEN to reap rewards and participate.
The current Lock, Participate and Earn system is as follows per Staking time. Note the minimum staking time is 7 days.
Staking Time and Rewards:

• 7 days — 6% APY
• 14 days — 13% APY
• 30 days — 30% APY
• 60 days — 65% APY
• 90 days — 80% APY

Premature/Early Unstaking — Tokens are locked until maturity dates that you staked for. However if unstaked prior to maturity, there will incur a 5% unstaking penalty fee.
Staking system
You may unstake at anytime after the period has ended to avoid any fee incursion. See above.

New Tier System

Introducing a New FRESH TIER — The Whale
Known for its size and weight, the whale is deemed the apex of the ocean. Alike, The whale tier will be a game-changer for those who are staking with extra perks included.
The Whale tier is the highest tier system with a whopping staking amount of 500,000 $RGEN required to enable you into this tier.
Advantages of the Whale Tier?

1. Largest Pool Weight — changing the dynamics of investment
2. Eligible to Participate in private sales
3. Join an exclusive telegram group to participate in rounds prior to it being listing on Paragen pools
4. Eligible for Random Airdrops of Paragen and the onboarded project tokens.

The Tier system has been updated to cater for the every growing and changing market.
What has changed?

1. The introduction of a new Tier — The Whale
2. Amount increase in tiers

When will this change come in effect?
The change will be implemented for the next IDO. The change will occur by the 1st January 2024.
Paragen’s Tier System
Tiers: (All Guaranteed Allocations) (PW = Pool Weight)
Tier 1: Snake — Stake 500 RGEN, 1 PW
Tier 2: Scorpion — Stake 2,500 RGEN, 2 PW
Tier 3: Eagle — Stake 6,250 RGEN, 6 PW
Tier 4: Bull — Stake 12,500 RGEN, 13 PW
Tier 5: Lion — Stake 25,000 RGEN, 30 PW
Tier 6: Ape — Stake 50,250 RGEN, 65 PW
Tier 7: Dragon — Stake 100,000 RGEN, 140 PW
Tier 8: Legends — Stake 200,000 RGEN, 305 PW
Tier 9: Whale — Stake 500,000 RGEN, 790 PW
The Two Phase System:
Paragen will follow a two phase system. What this means is, the first phase will be specific and follows the above tiers. Therefore in the first round, each person will be able to participate at the amounts they have staking with the pool allocation allotted to them. The second round is a FCFS round that takes place in the case of the first phase not filling up. In the FCFS rounds, any whitelisted user will be able to participate at a capped amount.
The second phase: FCFS — Is depended on the First Phase. If the First phase does not fill then the second phase begins. However if the first phase fills then there will be no Second Phase. Both Rounds are open to Whitelisted users only.
Pool Weight Explained (Pool Weight = PW)!
A question asked, is how does the pool Weight system work?
Let’s dive deep and break it down with the Example of Project “ATLAS” launching off Paragen. ATLAS is selling1,000,000 tokens for the IDO on Paragen. There are 100 Snake Members, 25 Eagle Members, 10 Lion Members and 5 Dragon Members Staking to participate.
Snake PW: 1, Eagle PW: 6, Lion PW: 30, Dragon PW: 140
The combined purchase Power of all the qualifying buyers in this example is taken as the SumOfTiers(no. of participants*Pool weight).
Thus, using the formula: (100*1) + (25*6) + (10*30) + (5*140) = 1250
The no. of tokens allocated to each “Pool” is 1,000,000 / 1250= 800
The formula for the number of tokens allocated to each individual in a tier is given by,
(Pool* Pool weight of teir)
Lets use Snake Tier as an example —
The amount of tokens allocated for Snake, using the formula above is
800* 1= 800 ATLAS Tokens Per Individual.
Therefore the amount of tokens that each user in the snake pool can purchase is 800 ATLAS.
Lets now apply this formula to all tiers and we get these results of allocated Tokens Per individual:
Snake: 800*1 = 800 ATLAS
Eagle: 800 * 6 = 4,800 ATLAS
Lion: 800 * 30 = 24,000 ATLAS
Dragon: 800 * 140 = 112,000 ATLAS

The Buy Back and HODL Model

We are excited to bring a new model to paragen — The buy back and Hodl Model.
What is the Buy Back and Hodl Model?
For every Paragen raise conducted on the paragen launchpad — a fee is taken to fund the the paragen ecosystem. But its time to give back.
For every raise conducted on paragen, we will buy back 5% of the fees collected in $RGEN token to boost the ever growing ecosystem. This will ensure that paragen organically grows with every launch. Purchases of the paragen token will be sporadic and not subject to an event. They could happen collectively or at random intervals.
What will occur to these tokens ?
The $RGEN tokens bought back will be held in the Buy Back wallet custodial to paragen and will be used to Incentivise LOYAL holders and stakers, Airdropped, part of Kol and marketing campaign as well as a BURN event.
The reaons to start such an initiative stems so that we are not obliged to use the marketing tokens present in the treasury wallet as such turning the marketing tokens into reserve tokens.

How to Claim your tokens

This article is only intended for Seed, Strategic and Public Round investors.
If you have purchased your tokens in either the seed, strategic or public round (including investors who purchased on Moonstarter, BSCStation and Celolaunch) then this is the information you require. Firstly, thank you to all our participants and investors for the continuous support as we head into listing.
Distribution of tokens:
The token distribution will be Claimed on our Portal and will be visible and available to claim at 8:30AM UTC. ALL rounds with no bias, will be able to claim at the same time which is half an hour after listing.
Accounts page displaying claim section will only be visible at 8:30AM UTC
How can we claim? Claiming commences at 8:30AM UTC

1. Head over to our launchpad
2. Connect your wallet in the top right hand corner (using the wallet you invested with or provided us for token recieval)
3. Click on the “ACCOUNT” tab in the top bar.
4. You will see a bar appear under your account called “Available Claims” displaying the Paragen, the round you participated in and the Tokens available to claim. This is NOT visible at the moment however at 8:30AM you will need to refresh your page and it will appear here.
5. Click on the “Claim” button and confirm the transaction.

The “Available Claims” Section is not yet visible to any investor and will not be visible until 8:30AM UTC. You will need to refresh your page at that time and it will appear.
Why is there a 30 minute delay?
To eliminate bots and ensure price stability it is a delay we adopted to further benefit everyone. The contract is hardcoded to prevent bots and so the delay is necessary to account for all features. However, rest assured, all will get their tokens at the same time.
Vesting:
Below are the vesting schedules set in place for claiming.
Seed: 5% TGE.
Thereafter on the 7th April 8:30AM UTC linear vesting will commence until all tokens are distributed according to the schedule outlined in the whitepaper.
Strategic: 5% TGE.
Thereafter on the 7th April 8:30AM UTC linear vesting will commence until all tokens are distributed according to the schedule outlined in the whitepaper.
Public: 20% TGE.
Thereafter on the 7th April 8:30AM UTC linear vesting will commence until all tokens are distributed according to the schedule outlined in the whitepaper.
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