Space Falcon is Launching on AcceleRaytor

This post was originally published on Raydium

An intergalactic, Solana-based metaverse featuring the classic space shooter game and premium NFTs.

We’re excited to announce that on January 24th, Space Falcon will be launching on AcceleRaytor!

Space Falcon aims to empower gamers to explore the uncharted depths of the cosmos by deploying premium sci-fi NFTs. Space Falcon will be governed and supported by $FCON, its utility and governance token.

This article will cover the two parts of an AcceleRaytor launch: 1) the Public Raise and 2) the IDO on Raydium.

1. FCON AcceleRaytor Public Raise details:

Total tokens for the raise: 250,000,000 FCON (1.25% of total FCON supply), unlocked

Token fixed price: .002 USDC for 1 FCON

Total raise: 500,000 USDC

biswap

Model: Lottery for allocation

Allocation for winning ticket: 50 USDC (25,000 FCON)

Total number of winning tickets: 10,000

Pool opens: January 24, 12:00 UTC

Pool closes: January 25, 00:00 UTC

Open period of the pools: 12 hours

Eligibility and pool details:

There will be one RAY pool available for the FCON raise.

  • Allocation will be determined by a lottery system.
  • Allocation for one winning lottery ticket: 50 USDC
  • There will be three snapshot deadlines to determine ticket allotment.

7-day deadline:

  • Eligibility: At least 100 RAY staked in RAY single-sided staking prior to the 7-day staking deadline below and successful USDC deposit once the pool opens. RAY must remain staked until the pool opens.
  • Lottery tickets: 1 ticket for every 100 RAY staked — up to a maximum of 5 tickets. Staking more than 500 RAY will still receive 5 tickets maximum.
  • 7-day staking deadline: January 17, 12:00 UTC

30-day deadline:

  • To reward longer-term Raydium holders, users that are eligible for the 30-day deadline will receive additional tickets on top of any received for the 7-day deadline.
  • Eligibility: At least 50 RAY staked 30 days prior to the 30-day staking deadline below and successful USDC deposit once the pool opens. RAY must remain staked until the pool opens.
  • Lottery tickets: 1 ticket for every 50 RAY staked — up to a maximum of 5 tickets, and 1 additional ticket for every 1,000 RAY staked.
  • Example: Alice has had 2,500 RAY staked before the 30-day deadline. She will receive 12 tickets — 5 for the 7-day deadline 100 RAY max allotment, 5 for the 30-day deadline 50 RAY max allotment, and 2 additional for each 1,000 RAY staked.
  • 30-day staking deadline: December 25, 12:00 UTC (snapshot already taken)

90-day deadline:

  • To reward longer-term Raydium holders, users that are eligible for the 90-day deadline will receive additional tickets on top of any received for the 30-day and 7-day deadline.
  • Eligibility: At least 50 RAY staked 90 days prior to the 90-day staking deadline below and successful USDC deposit once the pool opens. RAY must remain staked until the pool opens.
  • Lottery tickets: 1 ticket for every 50 RAY staked — up to a maximum of 5 tickets, and 1 additional ticket for every 1,000 RAY staked.
  • Example: Carol has had 3,000 RAY staked before the 90-day deadline. She will receive 21 tickets — 5 for the 7-day deadline 100 RAY max allotment, 5 for the 30-day deadline 50 RAY max allotment and 3 additional for each 1,000 RAY staked, and 5 for the 90-day deadline 50 RAY max allotment and 3 additional for each 1,000 RAY staked.
  • 90-day staking deadline: October 26, 12:00 UTC (snapshot already taken)

How does it work?

Tickets: Users receive tickets according to the ticket allotments above. However, for a ticket to be counted in the lottery, users must deposit USDC for each ticket they wish to have entered.

  • Example: Carol has 21 tickets and Alice has 12 tickets as the above examples. Bob staked 300 RAY before the 7-day deadline and will receive 3 tickets.

Deposit: When the pool opens, users will need to deposit 50 USDC for each ticket in order for it to be counted in the lottery. Users can choose to deposit less than their total ticket allocation, however, tickets without a matching deposit will not be entered in the lottery. Deposits must be in multiples of 50 USDC. You can only deposit once.

  • Carol deposits 1,050 USDC and Alice deposits 600 USDC, their maximum, to ensure that all of their tickets are entered in the lottery. Bob deposits 100 USDC even though he has 3 tickets because he needs the extra 50 USDC to buy Alice a cool NFT that is dropping that day. In Bob’s case, only 2 of his tickets will be entered in the lottery.

Lottery: Once the pool closes, the lottery will take place, and winning tickets will receive a 100 USDC allocation for FCON. Results of the lottery will be shown very shortly after the pool closes.

  • Example: Carol has 4 winning tickets and will receive a 200 USDC allocation. Alice has 1 winning ticket and will receive a 50 USDC allocation. Bob does not have any winning tickets, better luck next time, Bob.

Claim: Once the lottery is complete users will be able to remove their USDC for any tickets that did not win. Claims for FCON from winning tickets will open once trading begins for the FCON IDO (details below).

  • Example: Carol claims her 850 USDC, Alice claims her 550 USDC, and Bob claims his 100 USDC after the lottery concludes. Carol and Alice must wait for the FCON IDO to claim FCON.

Lottery Transparency

The lottery will be done on-chain, with lottery numbers assigned to tickets in the order that users deposit in the pool. After the pool closes, winning numbers will be determined by hashing a block, multiplying it by the timestamp, and matching the last digits of that number with user ticket numbers. Ticket numbers with the last digits matching are designated a winning ticket. This process will be repeated until all the winners are determined.

2. FCON IDO on Raydium:

Token starting price: 0.002 USDC for 1 FCON

IDO Launch time: January 25, 12:00 UTC

How does it work?

  • Raydium will launch a FCON-USDC liquidity pool (LP), after which trading will be live on the Raydium Swap interface. The AMM will begin placing orders on Serum a short time after the LP launch.
  • Participants with winning tickets for the AcceleRaytor raise pool will also be able to claim their tokens at approximately the same time that the FCON-USDC LP launches.

Fusion Pool — Provide liquidity to earn FCON rewards

  • Users will also be able to add liquidity to FCON-USDC LP and then stake LP tokens to earn yield on the Fusion Pools page. Rewards will be in FCON tokens.
  • Reward emissions on the Fusion pool will begin shortly after the LP launches, to give users time to add liquidity and stake in the Fusion pool for yield farming.

What is Space Falcon?

Space Falcon is the world’s first next-gen intergalactic P2E metaverse, featuring a classic space shooter game with premium sci-fi NFTs throughout the universe. Space Falcon’s virtual gaming metaverse emerges from the confluence of state-of-the-art blockchain technology, real-time graphics, classic immersive multiplayer video games, and decentralized financial technologies.

Make sure to follow official Raydium accounts below for updates.

Persons located in or residents of the United States, North Korea, Iran, Venezuela, any sanctioned countries as provided by OFAC, or any other jurisdiction in which it is prohibited from using any of the services offered on the Raydium website, including AcceleRaytor, (the “Prohibited Jurisdictions”) are not permitted to make use of these services or participate in this token sale. For the avoidance of doubt, the foregoing restrictions on any of the services offered on the Raydium website from Prohibited Jurisdictions apply equally to residents and citizens of other nations while located in a Prohibited Jurisdiction.

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