TPAD 2.0 Claiming Details
Dear TrustPad Community,
We are excited to announce that TPAD 2.0 tokens will start to be claimable on November 29th, 2023 at 15:00 UTC on the TrustPad website.
With this guide, we want to make sure that you are aware of all the details for the upcoming TPAD 2.0 claim.
Let’s summarize all the claiming details:
How to Claim Your TPAD 2.0 Tokens
The distribution and claiming starts on Nov 29th, 2023 at 15:00 UTC here: trustpad.io/tpadv2
The claiming window will last 35 days from its start and ends on Jan 10th, 2024, 15:00 UTC.
Simple process: If you are eligible, you just have to press the “Claim” button on the claiming page to get your TPAD 2.0 tokens.
IMPORTANT: All the unclaimed tokens will be burned after the claiming window closes, so make sure to claim before the deadline.
Claiming Timeline:
Claiming starts: November 29th, 2023 at 15:00 UTC
Claiming ends: January 10th, 2024 at 15:00 UTC
Eligibility
- All of those that had TPAD 1.0 pre-exploit.
- Some of those who bought TPAD 1.0 post-exploit (according to the snapshot details below).
Please note: TPAD 1.0 tokens in the locked IDO staking pools pre-exploit will remain locked in TPAD 2.0. No need to re-stake, but you still need to claim them.
Soft-Landing Unlock
To increase the burn, mitigate the dump and remove the snipers and coin-flippers there will be a claiming fee for the first 14 days the claimer opens.
This applies ONLY to unlocked tokens and adds a gamification aspect to the claim.
The early claiming fee starts at 70% and drops to 0%. The fee decreases by 5% daily. From the 15th day forward there will be no claiming fees.
Summary:
Day 1: 70% fee
Day 2: 65% fee
Day 3: 60% fee
Day 4: 55% fee
Day 5: 50% fee
Day 6: 45% fee
Day 7: 40% fee
Day 8: 35% fee
Day 9: 30% fee
Day 10: 25% fee
Day 11: 20% fee
Day 12: 15% fee
Day 13: 10% fee
Day 14: 5% fee
Day 15–35: 0% fee
From December 13th, 2023, 15:00 UTC onwards, the fee will be 0%.
There will be a total of 21 days without any claiming fee (0% fee).
IDO stakers can migrate with 0% fee starting from Nov 29th, 15:00 UTC.
IMPORTANT: If you claim your amount with an early claiming fee, you will lose the fee amount.
The fees will be burned, reducing the supply even further on each claim with fee.
Snapshot Details
The compensation rules for those that bought TPAD 1.0 post-exploit are based on the clauses below:
Clause 1
All the buys after Nov 6th, 2023, 16:49 UTC will be rendered disregarded, not counted in regards to the user’s TPAD 2.0 receivable.
Clause 2
All the receiving transfers after Nov 6th, 2023, 16:34:23 UTC will be rendered disregarded, not counted in regards to the user’s TPAD 2.0 receivable.
Clause 3
If a user made purchases of TPAD between Nov 6th, 2023, 16:34:23 and Nov 6th, 2023, 16:49 UTC, that surplus amount will be counted for their purchase USD amount worth fixed to the price of TPAD 2.0 at Nov 29th, 2023, 10:00 UTC, but only if the buyer did not eventually sell any TPAD after Nov 6th, 2023, 16:34:23 UTC until Nov 9th, 2023, 23:00 UTC. Otherwise, that surplus amount will be discarded.
Clause 4
If a user sold and or made outgoing transfers of TPAD during Nov 6th, 2023, 16:34:23 UTC— Nov 9th, 2023, 23:00 UTC, those amounts will be reduced from the receivable to the extent it infringed the pre-exploit amount. The infringement is inspected as per the first come, first go rule, so the pre-exploit tokens were the tokens that were sold first.
What’s Next?
The Big Burn Event 🔥
The Big Burn event will take place on Jan 10th, 2024.
This means that all the supply that is left unclaimed after the claiming window closes will be burned, hence increasing the relative size of each wallet. According to our own chain analysis, about 20% of the total supply is predicted to be burned and taken out of circulation permanently.
The final number will be revealed after the claiming window closes.
Save the 🔥 date.
“Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone.” — Satoshi Nakamoto
Listing on Ethereum
$TPAD 2.0 will be listed on Ethereum in Q1 2024. IDO staking and LP farming will also be available on Ethereum going forward.
CEX Listings
Several CEX listings are planned to happen in Q1 2024.
Upcoming IDOs
Two amazing IDOs are coming very soon. One of them has already been stealth-announced.
Timeline:
- Nov 29th, 2023 — The claiming starts.
- Jan 10th, 2024 — The claiming window closes.
- Jan 10th, 2024 — The Big Burn event 🔥 All the unclaimed tokens will be burned.
4. Welcome to TPAD 2.0 — A new era has started.
See You on The Other Side
Now it’s countdown time. The claim will be available on TrustPad’s website on Nov 29th, 15:00 UTC.
We thank you for your continued support and trust in TrustPad — your continued support has been instrumental in this success, and we are committed to delivering the best launchpad experience for our community.
We can’t wait to start this new and exciting phase of TrustPad.
One thing is sure; TrustPad will come back stronger than ever.
Happy claiming!
If you have any questions, please reach out to us on our Telegram.
About TrustPad
TrustPad has been founded to aid the growth of the blockchain ecosystem in a safe and sustainable way. TrustPad is proudly partnered with Momentum 6, AU21 Capital, GD10 Ventures, BlockSync Ventures, X21 Digital, Wealth Union, Twin Apex Capital, 4SV, Tokenova Capital, eXnetwork Capital and many more.
TrustPad is different from other launchpads. A ‘quality over quantity’ approach ensures that projects launched through TrustPad have real long-term value. This will provide the TrustPad community with sustainable development, attracting a larger community for both $TPAD and the projects launched on the platform.
Join the TrustPad Community now!
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