On April 1st, 2018, Trinity unveiled their Token Lockup as part of the Trinity Community Contribution Incentive Program. The Token Lockup will be launched at the timestamp of the first block height after 00:00 (UTC +8) on April 15th. Trinity’s incentive program was created to reward community members for their contribution to the development of the community.
The Token Lockup will have a hard cap of 35,000,000 TNC, and participants will have their tokens locked for a 9 month period. After the locking period ends, participants will receive all of their original tokens back, plus a bonus percentage depending on how early the tokens were locked up.
The first 5,000,000 TNC holders that enter the locking address will receive a 10% bonus of the original amount locked.
The second tier of holders that enter the locking address between 5,000,000 and 15,000,000 will receive a 7.5% bonus of the original amount locked.
The third tier of holders that enter between 15,000,000 and 35,000,000 will receive a 5% bonus of the original amount locked.
To successfully participate, the amount of tokens locked up must be between 10,000 (minimum) and 500,000 (maximum), and must be an integer multiple of 10,000. If these requirements are not met, the tokens will be rejected and returned.
To learn more about Trinity, or register their incentive program you can visit their website.
To stay up to date you can follow their Twitter, Medium, Telegram, or Github.
By Chase Cook
About The Author: Dean Jeffs
Dean is a digital project manager who has worked extensively with start ups and agencies in the marketing space. Fascinated by the potential applications of blockchain technology, Dean has a passion for realising the new smart economy.
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