Community Update #1

We’ve noticed that you appreciate receiving detailed information about each step.

We’ve received a lot of positive feedback from the growing TYCHE community.

A lot has happened last week, from launching the staking Dapp on Zksync and Base to the minting of Celebration NFTs.

However, the journey is far from over, and things are going to speed up in the coming weeks and months.

So, let’s go through today’s topics:

• Grant Program for projects on Base and Zksync: How will it work, and what’s the goal?
• Evmos: When will the airdrop of your NFTs will take place, and what can you expect?
• Adding $ETH to the Zksync pool: When is that happening?
• Launch of partner projects on the staking platform: When can we anticipate their arrival?
• The Token Generation Event (TGE): What progress have we made?

Grant Program :

If you took the time to read this article (Go-to-Market), then you will understand that a part of our business model, as well as a way to reward you, involves adding new projects to our staking protocol and our upcoming lending protocol.

Over the past few weeks, we’ve received numerous project requests from both Zksync and Base ecosystems.

The purpose of this Grant program is to offer projects the opportunity to receive rewards in $TYCHE tokens for participating in our staking platform.

Each project will be allocated a total of 177,500 $TYCHE (equivalent to $27,500 USD) to kickstart their presence on our platform.

In return, the project will allocate a portion of its rewards back to our Evmos (soon to be Zksync) & Zksync NFT holders.

This initiative ensures that by opening this grant program, we not only facilitate the use of our platform by projects but also generate revenue for you.

It’s a situation where everyone wins: the projects, us, and especially you dear Holders.

Evmos, Airdrop on Zksync soon ?

Yes, the airdrop is coming soon.

We know you’re eager, that’s obvious, but you must understand a few important things.

We place a lot of importance on ensuring that we respect the IDs of the NFTs you minted, so it’s crucial to set everything up correctly to receive the right NFTs.

However, it’s not as simple as that. The Zksync blockchain is still new and doesn’t yet have the tools that other chains like Ethereum possess.

This requires us more time to find the right approach and also more time to deploy it.

Moreover, thanks to this wait, you’ll be able to benefit from Omnisea’s ONFT 2.0 (with their V2 deployment).

They have introduced a brand-new interface that will make bridging your NFTs much simpler from a user perspective.

(We’ll also deploy this V2 for the V1 NFTs on Zksync so that everyone can benefit, of course).

Another crucial point is that each pool created on the staking platform has a determined APR and duration (set by the team), so you won’t lose out compared to others.

Instead, you’ll earn your rewards more quickly once launched!

Yes, we understand that things take time, and you wish we could move faster. From our perspective, we’re thinking: Do we take a bit longer but do things right?

Or do we rush and take on significant risks? You can probably guess the solution we’ve chosen, right?

We’re confident, and later on, you’ll tell us we made the right choice.

Adding $ETH to the pool , Wen ????

Initially, we thought it was a good idea to do it right away to give you rewards quickly, but we prefer to monitor what’s happening to make sure we spend $ETH without risks.

Today, the results are good, everything is going well, and the staking platform is responding really well!

The Dev team will deploy the $ETH quickly.

However, the farming won’t last long because we will replace it with other tokens very soon, but the amount deployed will remain the same.
This means that you will earn the same amount of money, but faster.

In the end, once again, you lose nothing, because if we had deployed $ETH earlier, the duration would have been longer, that’s all.

Launching partner projects on the Staking Dapp :

First partners will be live on the staking Dapps in the coming week.

Indeed we reached out to them to create the pool and see if everything is working.

After their launch, you will be able to earn tokens from their project as well.

Do you remember this ?

Next step for you dear Holders are :

• Deploying $ETH on the pools (Both collections)
• Deploying partner projects
• Deployment of tokens from partner projects will occur after the depletion of the pool with $ETH.

We anticipate an average pace of 1 token per week or every two weeks.

So, get ready — once the steady rhythm is established, you’ll have new tokens coming in 2 to 4 times a month!

You can read this article for more information as well : Meet our first partners

TGE, what progress have we made ?

We have made tremendous progress towards our Token Generation Event (TGE)! We began by reaching out to various projects, including Launchpads and CEXs, to assess their capabilities and requirements.

After more than two months of research, we have narrowed down the selection to the most advantageous options:

• 1 CEX
• 1 Launchpad

Currently, the final decision hasn’t been made as we are awaiting feedback from them.

Nevertheless, we wanted to guide you through what matters most to us and what we are striving to uphold:

• Minimizing fees paid in $TYCHE tokens to avoid centralizing the token.
• Reducing the involvement of VCs and large wallets as much as possible.
• Ensuring accessibility to the widest range of participants in line with our commitment to decentralization.
• Collaborating with a project that allows us to establish liquidity outside the Tyche ecosystem, enhancing the depth of our market.

Our overarching goal remains to:

• Uphold the broadest possible decentralization (mitigating dump risks).
• Maintain a fair sale price (in relation to your airdrop, of course!).
• Align with the ethos of TYCHE, being a community-driven project that belongs to everyone.

Once we finalize our choice and have an agreement from both parties, we’ll certainly share the news with you.

While we are aiming for mid-September, a few unresolved matters with our partner could potentially cause delays.

We hope this won’t be the case.

Conclusion :

To conclude, the journey ahead is still long, and we have much more to demonstrate to you.

The general feedback following the mainnet launch of the staking platform, and the smoothness with which you were able to use it, has filled us with joy and happiness.

We aspire to bring you even more delight and satisfaction in the months to come.

The TYCHE Protocol experience has only just begun!