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Home All Events Trifold Finance Boardroom Launch

Date

Jul 06 2022
Expired!

TimePacific Time

7:00 am

Your Time

  • Timezone: America/New_York
  • Date: Jul 06 2022
  • Time: 10:00 am

Status

Active

Trifold Finance Boardroom Launch

New tomb fork launch on BSC.

DETAILS
  • Boardroom
    • Stake $TRI in the boardroom to earn $FOLD rewards
    • During expansion, newly minted $FOLD rewards are distributed as follows;
      • 85% – Rewards for Boardroom stakers
      • 10% – Team
      • 5% – Treasury
    • Boardroom will not mint $FOLD tokens while time weighted average price; TWAP < 1.01
    • 65% of newly minted $FOLD during debt phase is allocated to the Treasury Fund to prepare for the $BOND Redemption
    • Staked $TRI will be locked for 6 epochs (6 hours/epoch). Timer resets on every stake and rewards claim
    • $FOLD rewards will be locked for 3 epochs (6 hours/epoch). Timer resets on every rewards claim and stake
    • $BOND are available for purchase when $FOLD falls below peg
  • Tokens
    • $FOLD is the algo-stable, pegged to 1 USDC
    • $TRI is the shares token, with a total supply of 100,000; allocated as follows:
      • 85,000 – Farming Rewards (vested linearly over 6 months)
      • 10,000 – Team (vested linearly over 45 days)
      • 4,000 – Development fund (vested linearly over 45 days)
      • 1,000 – Pre-mint for partnerships
    • $BOND is the bond token
Related Launches

Blockchain

BSC

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