We are thrilled to announce the launch of Tuna Chain Ocean Festival Grand Opening! Join us to embark on a marvellous journey and explore the diverse ocean world! Accompanied by enchanting music, the Tuna Ocean Festival tells the tale of everything that is beginning to unfold.
Link: https://ocean.tunachain.io/
Tuna Chain — Grand Opening ← Current Location
We are thrilled to announce this exciting initiative: Tuna Chain will be distributing ecosystem governance tokens $TUNA in this round of activities.
This is an ambitious plan, with the token distribution cap during the Ocean Festival determined by community-driven TVL growth! Ranging from a minimum of 2% to a maximum of 21%! It’s a bold move within all Layer 2 networks, and we truly understand the significance of community incentives in driving this decision forward.
The Biggest Rewards!
The initial token supply starts at 2%, and with each TVL milestone reached, the token supply will automatically increase. The calculation formula is as follows:
TVL Within $10m, the total token amount is 2%;
TVL Within $50m, the total token amount is 10%;
TVL Within $100m, the total token amount is 20%;
Once TVL reaches $100m, the maximum cap of 21% will be unlocked directly.
*The portion of the tokens that is not unlocked will be returned to the ecosystem.
Methods to earn rewards from Tuna Chain are as follows:
- Deposits to Tuna Chain to earn TUNA Ocean Stars ← Current Position;
- Actively participate in the Tuna Chain ecosystem development;
- More clues will be announced soon.
Introducing Ocean Star (OS)
Dive into the depths of the Tuna Chain ecosystem and discover the Ocean Star reward system, where active participants are rewarded for their contributions. Earn Ocean Stars through participating in Tuna Ocean Festival, unlocking exciting benefits within the Tuna Chain network.
Ocean Star (OS) calculation method:
1. The system takes a daily snapshot of BTC assets and non-BTC assets, along with the exchange rate of BTC, to calculate the amount of BTC for assets deposited by users.
2. 1 BTC = 20,000 Ocean Star (OS). Based on the user’s BTC amount, calculate the daily OS for the user = BTC amount * 20,000. For example, if a user deposits 1 BTC, their daily Ocean Stars(OS) are 20,000.
3. The final amount of $TUNA received by the user is determined by the individually accumulated OS and the overall quantity of OS. $TUNA amount = Total $TUNA amount * (Individual OS quantity / Total OS quantity).
4. Based on the team’s contribution, team leaders and members will receive different reward buffs.
Ocean Festival Grand Opening Timeline:
February: the deposit activity will be opened to support assets such as BTC, WBTC, ETH, SOL, METH, USDT, USDC, etc., to earn Tuna Ocean Stars(OS).
March: Tuna Ocean Star(OS) redemption will be available, allowing users to exchange OS for the Tuna Chain governance token $TUNA.
April: deposited assets withdrawal activities will be supported, with security provided by Fireblocks throughout the process.
Tuna Chain is the first modular L2 on the BTC network to utilise EVM technology powered by Celestia. It employs a hybrid ZK-OP approach and draws inspiration from Solana’s parallel transaction logic to create Tuna Chain.
Tuna Chain is merely an emerging modular L2 network on BTC, paying homage to all pioneers who have made outstanding contributions to blockchain. As a token of appreciation, we will support assets from multiple networks to participate in Tuna Chain’s grand opening of the TVL event.
The currently supported assets are as follows:
Bitcoin (BTC) Ethereum (ETH, WBTC, USDC, USDT, METH), Solana (SOL)
We will gradually announce more supported assets, so stay tuned…
The supported wallets are as follows:
Metamask Wallet
OKX Wallet
Unisat Wallet
Phantom Wallet
In the future, support for new wallets will be introduced gradually…
Build your strong tuna team to unlock bonus rewards!
Once users participate in the Tuna Chain staking, they will have the opportunity to lead or join a team in a flexible manner. Tuna team leaders will enjoy the privilege of inviting members.
At the same time, when the team reaches specific total staking value milestones, both team leaders and members will receive an additional percentage bonus unlocked daily. Tunas always travel in groups, so team action rewards will be greater than individual actions. Excellent team leaders are always able to create powerful teams to stand out in team competitions.
1 BTC target: Leaders +0.2% bonus OS, Members +0.1% bonus OS.
5 BTC target: Leaders +0.4% bonus OS, Members +0.2% bonus OS.
10 BTC target: Leaders +0.8% bonus OS, Members +0.4% bonus OS.
50 BTC target: Leaders +1.6% bonus OS, Members +0.8% bonus OS.
100 BTC target: Leaders +3.5% bonus OS, Members +1.75% bonus OS.
Not just Ocean Star(OS) bonus!
When a Tuna Team reaches each milestone in team targets, the entire team unlocks additional milestone rewards:
Team leaders will receive Bit OriginStars;
Team members will receive Bit RadiantStars.
These mysterious items have existed since the birth of the Tuna Ocean, and their method of unlocking remains unknown for now.
Stay tuned for more clues!
Funds Safety
Tuna Chain prioritises the security of users’ funds as the top priority. Therefore, we have partnered with the leading enterprise-grade asset security platform, Fireblocks, to utilise its platform to safeguard users’ assets. Users will be able to withdraw their funds to the Layer 1 network in April.
Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables exchanges, lending desks, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks serves thousands of financial institutions, has secured the transfer of over $4 trillion in digital assets, and has a unique insurance policy that covers assets in storage and transit.
About Tuna Chain:
TunaChain marks a significant milestone as the premier EVM-compatible modular execution layer on Bitcoin, introducing three groundbreaking innovations: a Native Stablecoin, a Modular DA Layer, and Hybrid ZK-OP technology. This advancement facilitates native yield BTC assets, remarkably low gas fees, and an unparalleled environment for DApp execution on Bitcoin’s Layer 2.
Website: https://tunachain.io/
Twitter: https://twitter.com/TunaChain
Telegram: https://t.me/tunachain
Discord: https://discord.com/invite/tunachain
