Introducing $TAD

Introducing $TAD, the TriAngle DAO token.

$TAD token contract address on the Conflux Network: cfx:acg8dy0xvpyzh1f8n9e9gcf3mm7se1ts5y979mawtf

Inspired by Uniswap’s vision, we are committed to the ideals of security, fairness, freedom, efficiency, and accessibility. All are indispensable components for a future where anyone in the world can access financial services.

$TAD is the governance token that allows users to participate in the development of TriAngle DAO, and capture fee revenue generated by the TriAngle Protocol. The issuance of $TAD to participants is what allows for the bootstrapping of the system by incentivizing early adopters, as well as provides for the long-term health of the protocol. We expect $TAD holders to:

• Agree with DAO’s vision
• Have a long-term development concept
• Exercise governance rights in the future, and share common interests

For these reasons, $TAD’s distribution is heavily weighted towards the community.

$TAD Allocations

$TAD Total Supply: 100,000,000

60% to TriAngle Community

• 20,000,000 $TAD as Stability Incentives. These are awarded to Stability Pool providers. The issuance follows a yearly halving schedule, described by the following function: 20,000,000 * (1–0.5^year). The purpose of this issuance curve is to favorably incentivize early adopters while also maintaining incentives for the long term.
• 40,000,000 $TAD are reserved for the future protocol incentives, such as Staking mining, LP mining, and other mining activities.

10% to Early Contributors

• 10,000,000 $TAD are reserved to current and future contributors that build TriAngle continuously and the advisors that lent their expertise to TriAngle’s success.
• The $TAD in this category is subjected to at least a 90 days lockup. The detailed release plan will be announced later and will be governed by DAO.

20% to Investors

• 20,000,000 $TAD are reserved to the investors who supported TriAngle’s development.
• The $TAD in this category is subjected to at least a 90 days lockup. The detailed release plan will be announced later and will be governed by DAO.

5% to Liquidity Initialization

• 5,000,000 $TAD are provided to Koichi Swap to initialize liquidity on exchanges, with the initial price $0.01.
• The $TAD in this category has been released on Mainnet Launch.

2.5% to Business Development and Marketing Operations

• 2,500,000 $TAD are planned to be used on Business Development and Marketing Operations of TriAngle Protocol.
• 1/5 of the $TAD in this category has been released on Mainnet Launch, while the remaining will be released linearly in 200 days.

2.5% to DAO Management

• 2,500,000 $TAD are under the management of DAO.
• The $TAD in this category has been released on Mainnet Launch.

How to Get $TAD

• Trade on exchanges.
• Deposit $AUSD to Stability Pool.
• Join other mining activities in the future.
• Participate in marketing campaigns.
• Be early contributors or investors.

How to Use $TAD

• Trade on exchanges.
• Stake into the Stake Pool to share protocol earnings from the borrowing and redemption fees.
• Participate in DAO governance in the future.

The Plan of DAO

Presently, TriAngle DAO’s top priority is to promote market development, grow business partnerships, expand the application scenarios of stablecoins, and complete financing.

It should be emphasized that TriAngle DAO has the responsibility and obligation to maintain the smooth operation of the TriAngle Protocol and the token economy of $TAD.

TriAngle DAO’s governance rules will be announced in the future.