Existing Users Rejoice! CoinList Introduces "Priority Queue Feature" to Increase Winning Probability for Early Contributors and Participants

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Existing Users Rejoice! CoinList Introduces "Priority Queue Feature" to Increase Winning Probability for Early Contributors and Participants

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Priority Queue Feature

The success of the Flow token public sale myth has made CoinList the hottest crowdfunding platform in 2021, with each crowdfunding event attracting hundreds of thousands of investors. However, due to a significant increase in registered users this year, the allocation for participating in crowdfunding has drastically decreased compared to previous years, with over 90% of token sale applicants unable to secure a crowdfunding allocation.Among these 90% of applicants, many individuals who could have contributed to the project ecosystem's development (such as validators, miners, stakers, liquidity providers, etc.) are unable to participate in the network.

Therefore, CoinList announced todaythe launch of a new feature called the "Priority Queue," which increases the chances for core contributors and CoinList community members with long-term commitments to the ecosystem to secure crowdfunding allocations. CoinList stated in the announcement:

"The Priority Queue feature is invite-only, with a shorter queue than the main queue, and both queues operate independently and simultaneously. Members of the Priority Queue will have a higher probability of receiving tokens, although allocation is not guaranteed."

CoinList mentioned that eligibility for the Priority Queue will be determined through CoinList's official points system, with the total number of members being less than 1% of the total registration for the sale.

CoinList Points Calculation

CoinList's points system primarily calculates user points through three levels, with the highest points generated at Level 1 and the lowest at Level 3.

  • Level 1 — Participation in CoinList's validator/miner/donation programs or hackathons.
  • Level 2 — Participation in early CoinList crowdfunding events (before 2021), WorkLock staking, lending, and staking activities.
  • Level 3 — Trading through CoinList.co, CoinList Pro, CoinList mobile app, or executing OTC and WBTC conversions.

Currently, user points are calculated based on the above rules; however, CoinList emphasizes that this framework is preliminary, and the team will continue to refine and add more ways to earn points to the points system.