TrustPad introduces a more sustainable rewards system
Dear TrustPad community,
Due to the current market conditions we have decided to introduce a new reward system for sale participation which will bring more price stability to $TPAD.
As you might know already the current APR for the IDO staking is dynamic and fluctuate according to many different factors such as; amount of $TPAD staked in the specific pools, token price, liquidity and more.
This makes it a bit hard for investors to predict the future APR rate, so we decided to introduce a fix monthly reduction on current levels until we reach a more sustainable level, which then will be fixed until rewards are depleted.
This will bring much more stability and less selling pressure on $TPAD going forward.
New reward rate schedule
First out, an one-off 30% (1/3) reduction in staking rewards (APR) across the board on the same day it goes into effect, then 20% monthly (1/5) until we reach 10–12% APR for the longest-term staking pool.
Please note: The APR will not go lower than 2% in the shorter-term staking pools.
⏰ The changes will go into effect: Thursday, March 17th at 12:00 UTC.
We have also designed various features that will bring more token price stability, higher allocations and more various rewards to our long-term stakers. These various rewards are set to compensate for the decrease in the general APR. These features will be released over the next few weeks.
However, our primary focus is on the ROI of the projects — the staking rewards should be seen as a bonus.
We believe that these changes will bring more token price stability to TrustPad, keep the vitality of TrustPad as high, and we will be able to go through this bear market stronger.
We are constantly evolving the system no matter the market condition, so your investment in the platform and in the project should be more secure now and even more secure and profitable in the future.
TrustPad never sleeps ⚡️
TrustPad has been founded to aid the growth of the blockchain ecosystem in a safe and sustainable way. TrustPad is proudly partnered with GD10 Ventures, Blocksync Ventures, Genblock Capital, X21 Digital, exNetwork Capital, Momentum 6, Wealth Union, Twin Apex Capital, 4SV 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.