Tigris Protocol— Foundation’s CLAY Staking Schedule Postponed
The permanent staking of the TTC Foundation’s CLAY tokens has been postponed to vitalize the Tigris Protocol ecosystem
The TTC Foundation has developed and is operating Tigris Protocol, a Decentralized Financial (DeFi) solution which can contribute to the efficiency, stabilization, and utilization of the TTC ecosystem. The Foundation launched the Tigris Protocol Beta-1 on Sep. 30th which supports staking services.
To further vitalize the Tigris Protocol ecosystem, the TTC Foundation will unstake 0.25 billion foundation owned CLAY tokens which were staked as stated in the Whitepaper. The foundation owned CLAY tokens will be re-staked over a 1.5 year period.
As those who use the Tigris Protocol staking services are rewarded a portion of the profit generated by Tigris Protocol based on their staked assets, users are expected to experience a 40% increase in daily staking rewards right after the unstaking.
Schedule Details
The TTC Foundation unstaked its 0.25 billion CLAY tokens on Oct. 13th, thus, the foundation owned CLAY tokens will not be a part of the staking service beginning the 14th. This will be represented in the rewards distribution that takes place on the 15th. The re-staking of the foundation owned CLAY tokens will be carried in 5 separate occasions as follows.
TTC Foundation owned CLAY token Re-staking Schedule (based on total staked amount)
- 2019/10/14 (Present): 0 CLAY
- 2019/12/30: 50,000,000 CLAY
- 2020/03/30: 100,000,000 CLAY
- 2020/06/30: 150,000,000 CLAY
- 2020/12/30: 200,000,000 CLAY
- 2021/03/30: 250,000,000 CLAY
Post unstaking, the total staked CLAY tokens within the Tigris Protocol totals 0.37 billion CLAY tokens compared to its prior stat, 0.62 billion.
Postponing the schedule will result in a temporary decrease in operational profit of the TTC Foundation; however, we expect this postponement of the staking schedule will introduce long term positive influence to not only the Tigris Protocol ecosystem but the entire TTC ecosystem as well.
The Collateralized Debt Service (CDS) will soon begin its beta testing as Tigris Protocol is preparing the release of Tigris Protocol Beta-2. Once live, users my collateralize their TTC for fiat pegged stable coins.
If you would like to learn more about Tigris Protocol, check out our Telegram Group.
Thank you,
TTC Foundation | Tigris Protocol
About Tigris Protocol
Tigris Protocol is an open, trusted and interoperable Decentralized Financial (DeFi) service built on the TTC Blockchain Platform. It provides effortless crypto loans, stable daily rewards, and paramount security. For details, visit our website.To receive the latest news on TTC, join our Telegram and follow us on twitter.
About TTC
TTC is a blockchain fit for mass adoption and a sustainable token economy model. For details, visit our website.To receive the latest news on TTC, join our Telegram and follow us on twitter.
