New Tier System of TrustFi for Upcoming IDOs: Loyalty Governance
At TrustFi, we strive to align ourselves with communities and partners that believe in our goal of building a healthy ecosystem with sustainable growth.
TrustFi is going to launch a New Tier System for upcoming IDOs, which is designed based on the TFI staking amount and holding time, and we call it Loyalty Governance.
How does Loyalty Governance work
Normally TrustFi will have at least $100k allocations in IDOs, which will be fairly distributed to all Qualified TFI Stakers according to the Loyalty Governance.
What is the Qualified TFI Stakers? You must stake at least 5000 TFI in the specific Farm Pool.
We will open the specific Farm Pool for the TFI holders on the 1st of Dec. and use the following formula:
TFI Points = Staked Amount * √Holding Time
For example, you have staked 5000 TFI in the Loyalty Governance Farm Pool for 25 days. So your TFI Points = 5000*√25=25000.
TrustFi will announce the Leaderboard of Loyalty Governance according to the TFI Points every week. All users who stake at least 5000 TFI tokens will be listed in the Leaderboard and get whitelisted while TrustFi snapshot the Leaderboard 2 days before new IDOs.
Here’s the math:
☆Guaranteed Round: 45% of total allocations in IDOs will be evenly distributed to all whitelisted users (5000TFI=whitelist).
☆Loyalty Round: 55% of total allocations in IDOs will be distributed to the top 500 TFI stakers in the rankings of TFI Points.
For example, TrustFi is going to launch 2nd IDO on the 20th of Dec. and will announce the Leaderboard of Loyalty Governance on the 18th of Dec.. (share the snapshot of block and sheet). Let us assume that 1500 users in total have staked at least 5000 TFI in the Farm Pool before the 18th this time, and they will be listed in the Leaderboard of Loyalty Governance for whitelisted.
These 1500 users will get Guaranteed Allocations of $100K*45%/1500=30$ each because of Guaranteed Round.
The top 500 TFI stakers will be distributed the rest allocations according to their rankings. Details as follows:
So the 1500 users who stake at least 5000 TFI tokens get allocations as following table👇
Therefore:
👉You can more or less get a Guaranteed Allocation according to the Guaranteed Round when you stake at least 5000 TFI and get yourself in the Leaderboard of Loyalty Governance. Which is, 5000 TFI = Guaranteed Allocations.
👉You have to increase your TFI Points to get a topper ranking in order to get more allocations according to Loyalty Round. If you wanna join the Loyalty Round, you’d better stake TFI in the Farm Pool as soon as possible and as many as possible. The sooner you stake TFI, the better; the more TFI you stake, the better, because only TOP 500 in the Leaderboard will be distributed with the 55% of total allocations.
👉The specific allocation amount will be determined by the specific numbers. TrustFi will do the best to launch the high quality IDO projects and get more allocations for TFI users.
The leaderboard will keep updating until the Loyalty Governance Farm Pool closed.
How to join Loyalty Governance
TrustFi will launch a new Farm Pool on CheersLand Farm on the 1st of Dec, which will last 90 days.
You’re required to stake at least 5000 TFI to join the Guaranteed Round of whitelist.
Kindly Note that you only have one shot staking TFI in the pool for one address, which means you can’t raise staking TFI. But if you stake for long enough, you may also get more TFI Points and higher rankings according to the formula:
TFI Points = Staked Amount * √Holding Time
For example, if you stake 5000 TFI in the Loyalty Governance Farm Pool, you’re free to unstake TFI any time, and you won’t be able to raise staking TFI or stake TFI again with the same address.
TrustFi will announce the Loyalty Governance Leaderboard every week so the community will get updated progress of all rankings. The whitelisted Learderboard of the Loyalty Governance will be snapshot 2 days before the IDO starts. Kindly note that if you unstake tokens and you’re not able to stake again with the same address and your TFI Points will return to zero.
Let’s give an interesting example here:
You have staked 5000 TFI for 25 days. So you got point = 5000*√25=25000.
One day you wanna unstake your tokens and you do it. You will not be able to stake TFI again using the same address. So you might think of using a new address to stake TFI again. But if you wanna get the same point of 25000 right now, you have to stake 25000/√1=25000 TFI. As we can see, 5000 TFI staked for 25 days will get the same point as 25000 TFI staked for 1 day.
So we come to two conclusions here:
(1) Even if your staked TFI amount is not large, but your staking time is long enough, which will increase your TFI points anyway.
(2) If you missed the opportunity to stake TFI early, you can increase your TFI Points by increasing the amount of your staking.
The governance of the TrustFi ecosystem will also be based on the Loyalty Governance, which means TFI holders will also have the right to join in the governance of the upcoming TrustFi Booster, TrustFi Farmer and CoinMaker in Dec.
TrustFi will try the best to bring the excellent IDOs to the communities and create the greatest benefits for TFI holders. This New Tier System will start trial operation on the 1st of December and will be used in the upcoming IDO project in December.
TrustFi will use CheersLand Launchpad as the IDO platform for all TFI users, and we always put the interests of users first, so we have signed refundable terms with all listed IDO project clients. TrustFi IDO participants are allowed to initiate refund applications, after the tokens listed on CEX or DEX within 24 hours after TGE, if haven’t claimed tokens.
Learn more about the refundable terms👇https://medium.com/cheersland/initial-gaming-offering-new-mode-combining-gamefi-and-ido-e36e8309e917
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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