TrustPad introduces “Diamond Hands” — A Paradigm Shifting Feature

TrustPad.io
3 min readApr 2, 2022

Hello TrustPad Community,

Today we are excited to announce Diamond Hands— a new TrustPad paradigm shifting feature that will launch on April 15th — and one that will heavily reward TPAD stakers — by redistributing tokens from the unloyal to the loyal stakers.

Unloyal stakers = forfeited tokens = rewards to loyal stakers 💰

“Diamond Hands” Reward System 👊💎

Going forward — in order to continue to receive all future vested project token distributions, users are required to retain their stake for the whole duration of the vesting period, or they will get forfeited and redistributed to all existing stakers.

👉 When the policy is in effect on April 15th, in the case you unstake your tokens, you will have 48 hours to stake to the same tier or higher in order to receive the future vested tokens. Unstaking for more than 48 hours without restaking will result in all future vested tokens to be forfeited and redistributed to all the other eligible stakers.

How will it work?

1. An investor is needed to stake the same tier or higher for the whole vesting period in order to receive all the vested tokens. If not, the unvested tokens and all future vested tokens will be forfeited. However, an investor can change the staking pool to any sale staking pool including LP staking.

2. The forfeited tokens will be redistributed to the all eligible stakers (including LP stakers). The redistribution will be proportional.

3. Only the stakers in the 180 and 365 days staking pools and LP staking pools will share these relinquished, redistributed extra tokens. Those that are not staking in the 180 or 365 days pool still have the chance to upgrade to those pools, and still be eligible for the rewards.

4. This new system goes into effect at April 15th 12:00 UTC, and it will apply retroactively to all the IDOs and Private Sales— so even stakers that participated in sales like Bloktopia, Sidus & Senate, GensoKishi, BlokPad etc. will also be affected by this.

⚠️ VERY IMPORTANT: We understand this is a big announcement, hence we are giving you a two weeks notice, so you have time to restructure your finances, reacquire your tier in the case you already sold it.

Do I have time to retain my tier until April 15th so I don’t lose out on on my tokens?

🚨 You have UNTIL April 15th 12:00 UTC to re-stake to the same tier, or higher in order to be able to get future distributions in all the IDOs you have participated in until now.

If you are already staking in the same tier or higher, you have nothing to worry about; Thank you, for being a loyal TrustPad staker!

We believe this new system will bring an extra layer to TrustPad that will stabilize the TrustPad token price further and on top of that bring new buying pressure — and in the same time reward the loyal stakers by re-distributing tokens from the impatient to the patient. Genius, no? 🧙‍♂️

It’s a win for our community because they get heavily rewarded. It’s a win for TrustPad as our community becomes stronger and more loyal while increasing $TPAD’s value.

It should be rewarding to be loyal 👊

Stay tuned for more exciting announcements the next coming days and weeks!

#TrustPadNeverSleeps

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 GD10 Ventures, Blocksync Ventures, X21 Digital, AU21 Capital, Lupa X Capital, Wealth Union, Twin Apex Capital and 4SV.

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!

Website | Telegram| Announcement | Twitter | Medium

--

--