What Is Red Kite?

Red Kite is the Smart Launchpad with AI implementation and DeFi focus. 

Red Kite provides a safer platform for investors, allowing them to gain early access to vetted token sales at a lower price before they hit the market.

Red Kite uses the platform’s native PKF as a utility token. The investors can hold PKF tokens to join the Red Kite platform and participate in the token sale rounds for hand-picked and vetted crypto projects.

Red Kite Tiers and requirements:

The tier of each user on Red Kite is determined by the total number of Red Kite points they own. Users can earn Red Kite points through the following ways:

1. Staking PKF, PolkaFoundry native token, on Red Kite. Each staked PKF will earn 1 Red Kite point.
2. Adding PKF-ETH to Uniswap V2 liquidity pool to get LP-PKF, then staking them to Red Kite. Each staked LP-PKF will earn 400 Red Kite points.

Dove

• Owning at least 500 Red Kite points and above;
• No fixed pool size;
• No minimum staking time is required for PKF & LP-PKF;
• Lottery-based;
• Ticket price based on actual project & pool (usually $30-$70);
• Social interaction requirements:
• Join Telegram groups,
• Subscribe to Telegram announcement channels,
• Follow Twitter accounts,
• Retweet IDO/pool announcement with hashtags and cash tags.

Hawk

• Owning at least 5,000 Red Kite points and above;
• No fixed pool size;
• No minimum staking time is required for PKF & LP-PKF;
• Lottery-based;
• Ticket price based on actual project & pool (usually $100-$150);
• Social interaction requirements:
• Join Telegram groups,
• Subscribe to Telegram announcement channels,
• Follow Twitter accounts,
• Retweet IDO/pool announcement with hashtags and cash tags.

Eagle

• Owning at least 40,000 Red Kite points and above;
• No fixed pool size;
• Allocation multiplier: 1.0;
• No minimum staking time is required for PKF & LP-PKF;
• Guaranteed allocation for whitelist. Allocation is prorated based on the amount of Red Kite points the user owning at the snapshot time;
• No social interaction requirements;
• Exclusive pool for Eagle (subject to availability).

Phoenix

• Owning at least 80,000 Red Kite points and above;
• No fixed pool size;
• Allocation multiplier: 1.05;
• No minimum staking time is required for PKF & LP-PKF;
• Guaranteed allocation for whitelist. Allocation is prorated based on the amount of Red Kite points the user owning at the snapshot time;
• No social interaction requirements;
• Exclusive pool for the Phoenix tier such as seed and private sales;
• Occasional airdrop of NFT and tokens;
• Invitation to a private prosperity group with exclusive support only for Phoenix.

Red Kite Community

• Twitter: https://twitter.com/redkitepad
• Medium: https://medium.com/polkafoundry
• Telegram: https://t.me/polkafoundry/