Dear community, we are excited to annoucne that eligible TFI holders will be able to participate in the IGO subscription of native token $CHEERS at CheersLand this month.
The gamified launchpad of CheersLand, developed based on TrustFi Alpha model, is now available and live on Binance Smart Chain Network.
In order to satisfy diversified users and keep the rules simple, TrustFi sets a Tier System for participants in IGO of $CHEERS.
Users who stake more than 5k TFI or 80 TFI/BNB Cake-LP can get guaranteed allocation. There’re two options for IDO eligible with TrustFi.
Option 1: Stake TFI
You can stake $TFI in the Farm Pool via https://launch.cheersland.org/#/mining
If you staked 5,000 TFI but less than 21,000 TFI in the pool, you’ll get T-1 and your investable cap would be $200.
If you staked at least 21,000 TFI in the pool, you’ll get T-3 and your investable cap would be $800.
👉Buy $TFI now: https://pancakeswap.finance/swap?outputCurrency=0x7565ab68d3f9dadff127f864103c8c706cf28235
Option 2: Stake TFI/BNB Cake-LP
You can stake TFI/BNB Cake-LP in the Farm Pool via https://launch.cheersland.org/#/mining
If you staked at least 80 TFI/BNB Cake-LP in the pool, you’ll get T-2 and your investable cap would be $600.
👉How to get TFI/BNB Cake-LP step by step: https://trustfi.medium.com/how-to-get-tfi-bnb-cake-lp-tokens-on-pancakeswap-b4cc46559ae6
There is a fixed allocation for each Tier user. Tier determines the max amount of investment in the IGO for each participant address, and it supports accumulation. For example, if you staked 5000 TFI and 80 LP with one address at the same time, your investable cap would be $800.
The formula for your final allocation is:
FA= YIA/Σ IA* TA
FA refer to the your final guaranteed allocation.
YIA refers to your investment amount in the IGO.
IA refers to Participant’s investment amount in the IGO.
TA refers to the total allocation amount of $CHEERS
For the CheersLand IGO, the fixed price of $CHEERS is $0.125 per token exclusively for TFI token holders. The total allocation amount of $CHEERS tokens will be announced soon.
IGO details
- IDO launch date: 28th（Estimated）
- Ticker: CHEERS
- Total supply: 100,000,000
- Initial Market cap: $574,375
- Price per $CHEERS: $0.125
- Total Raise on TrustFi Eco: 100,000（Estimated）
- Swap currency: BUSD
- Listing date/time: 29th（Estimated）
- Token Claim: 30 mins after listing
- Vesting time: 25% at TGE, and 25% will be unlocked every two weeks therefore.
Important notes
- Users need to stake at least 5,000 TFI or 80 TFI/BNB Cake-LP via 👇https://launch.cheersland.org/#/mining for IDO Guaranteed Allocation before IGO of $CHEERS launched this time.
- How to stake TFI or LP in Farm Pools of CheersLand👇https://medium.com/cheersland/how-to-stake-in-farm-pools-of-cheersland-eea1678f955b
- You’re allowed to use more addresses to stake 5000 tokens each and get more available allocations.
- Staking Balance Snapshot: Before IGO ends. So the sooner you stake TFI or LP, the better, coz you can still get APR🔥Also you can stake tokens when you’re about to join the IGO. But please note that the platform will charge a 10% unstake fee if you unstaked tokens within 7 days from the day you stake in.
- For further details about How To Take Part in IGO, check out the link below👇 https://launch.cheersland.org/#/fundraising
- Do not unstake your TFI until you have finished claiming your IDO allocations.
- Please make sure that you have sufficient BUSD and BNB as gas in your wallet and join the IGO POOL on time.
- For this IGO, we did not do a whitelist competition.
- Restricted Region List: Botswana, Cambodia, Central African Republic, Democratic People’s Republic of Korea, Republic of Seychelles, Ethiopia, Ghana, Iran, Iraq, Libya, Somalia, South Sudan, Sri Lanka, Syria, Sudan, Thailand, Trinidad and Tobago, Tunisia, Venezuela, Yemen, and the United States of America (herein “Prohibited Jurisdictions”).
One More Thing
- If you staked your TFI tokens via https://staking.trustfi.org/ before, you will get whitelisted in the IGO through filling out the form here👇https://forms.gle/hkNGL3DczaCrh9ep8
- All whitelists will be announced within one week before IGO.
- The IGO of CheersLand have been signed with refundable terms including the IGO of $CHEERS, which means participants are allowed to initiate refund applications, after the tokens listed on CEX or DEX within 24 hours after TGE, if have’t claimed tokens on CheersLand. Learn more about the refundable terms👇https://medium.com/cheersland/initial-gaming-offering-new-mode-combining-gamefi-and-ido-e36e8309e917
About CheersLand
CheersLand is a scalable GameFi universe where anyone can monetize their gaming experiences and social networks. CheersLand runs the Game-as-a-Service model, dual-driven in Play to Earn and Build to Earn, with the product portfolio of Gamified Launchpad, Multi-game Universe, Multi-asset Staking Platform and NFT Market, and powered developing new users by the invitation mechanism, which builds a unique and diversified GameFi ecosystem.
Now CheersLand has launched the first classic game, Crypto Pirates. Click here and connect your BSC wallet to play and earn! Let’s go!
Stay updated on the CheersLand’s progress by following on social media channels and communities.
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About TrustFi
TrustFi disrupts the DeFi market by providing a multi-chain decentralized BaaS solution. Our ecosystem features three main products which include TrustFi Alpha, an IDO General Protocol; TrustFi Beta, a Decentralized Staking Contract; and Providing Liquidity Mining model (PLM), an important addition to DeFi infrastructure built on Web3. Our main focus is early crypto-asset issuance, with emphasis on liquidity management, community growth, and DAO governance. We are certain that these three factors will allow us to successfully unlock the unlimited potential DeFi has.
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