What is AME (allocation mining event) in Launchpool?

[malekbaba]

What is AME (allocation mining event) in Launchpool? I am not that active now in crypto. Today I have heard about it. Please explain in easy words. I am not a tech guy.

[elda34b]

AFAIK it has nothing to do with mining. It is more or less a slot lottery so investor can get the allocated slots to buy the token. For example, a project needs to raise $100k, and each investor can contribute $1k at most. That means there will be 100 slot. That's where ame or whatever it is called comes into play.

[kolonel_x]

I salute you, who are still using the AME signature until now. even though the participants have complained a lot until now they have not received the distribution. On the grounds that GAS is expensive, many promises are not kept by the campaign managers at the AME Project. I think this issue has not been resolved and still raises a question mark. although AMEPAY is very good in the market, the price is quite extraordinary.

[ryzaadit]

AFAIK it has nothing to do with mining. It is more or less a slot lottery so investor can get the allocated slots to buy the token. For example, a project needs to raise $100k, and each investor can contribute $1k at most. That means there will be 100 slot. That's where ame or whatever it is called comes into play.

Yap, I guess same.

Just read how "AME (Allocation Mining Event)" work : https://launchpool.medium.com/launchpool-announces-first-allocation-mining-event-for-unizen-ace69fda6cfa IMO, nothing different at all the main points just "More token to be stake & more longer stake you have" more chance you get.