The Long-Term Staking Pool (LTSP) is now live! The LTSP strongly incentivizes and rewards all $SWAP holders for staking long-term while drastically improving the ecosystem’s health in the process. The longer you stake, the higher your Staking Score will be and the higher your staking APYs and Launchpad allocations will become. As more and more people secure their SWAP long-term, SWAP is set to become a very scarce resource!
The Long-Term Staking Pools Explained
5 million SWAP will be added as a baseline to the Long-Term Staking Pools over 5 years. Additional SWAP from buybacks will be added to continuously grow the staking rewards indefinitely. These extra staking rewards will come from the revenue of our products such as Team Finance, The Crypto App, and Swappable. Staking payouts will happen hourly for stakers, proportional to their Staking Score.
Here is the math that will determine your score:
(Amount of Swap staked) X (Time Multiplier) = score
If you have 1% of the points in the staking pool, you will earn 1% of the staking rewards every hour.
The time multiplier is calculated in the following way, with the minimum length for staking being 30 days.
1x 30 days
1.25x 90 days
1.5x 180 days
2x 1 year
3x 2 years
7x 4 years
10x 5 years
Here are some examples using the multiplier that will show you how many points you would make for different staking amounts and lengths of time:
Stake 100,000 SWAP for 5 years 1,000,000
Stake 82,000 SWAP for 3 years 410,000
Stake 10,000 SWAP for 5 years 100,000
Stake 100,000 SWAP for 30 days 100,000
Stake 4,000 SWAP for 5 years 40,000
Stake 4,000 SWAP for 30 days 4,000
Launchpad Allocations
Exactly as SWAP staking rewards are distributed proportionately via Stake Scores, Launchpad allocation amounts are distributed proportionately based on Stake Scores as well.
Allocation sizes for launchpads then depend on your stake score in relation to the total stake score of everyone else who applied for the launchpad. If you hold a larger percentage of the pool, you get a larger allocation. For example, if the raise is $1M, and you are the only one who applied, you have the entire $1M allocation to yourself. Alternatively, if many other people applied to the launchpad, and you had one percent of the points in the application pool, you’d have an allocation of $10,000.
For FlashLaunches, we will continue to use the lottery method to assign allocations. Participants will receive one entry in the random drawing for each 1000 Points in their Stake Score over the 4000 Point minimum.
This model allows for small stakers and large stakers alike to be able to have an equal chance at increasing their allocation size by staking long-term.
More Info:
Once a stake is created, stakers can:
– Add more SWAP to their existing stake at any time.
– Increase the length of their stake, increasing their staking APY in the process.
– Re-stake their earnings by clicking “compound,” which also increases their APY.
Stakers cannot end a stake early.
The top-1,000 stakers can join an exclusive “Top 1000 Stakers” chat room and anyone who stakes 100k SWAP for 5 years will be invited into the “TrustSwap VIP Community Council”.
Ready to earn some $SWAP and larger launchpad allocations? Click here to join the community in the Long-Term Staking Pool.
FAQs:
Q: Is the Long Term Staking Pool (LTSP) only on Ethereum?
A: The LTSP is currently available on Ethereum, Polygon, Avalanche, and BSC.
Q: Will the APY be equal across all four chains?
A: APYs may change over time as people stake and unstake from the pools.
Q: Can I move my stake directly from the old pool directly to the LTSP without waiting the 7 day withdraw period?
A: Smart contracts are immutable, meaning the code cannot be changed. The 7-day withdrawal is mandatory for all users. Because this is a situation of “your keys, your crypto”, we cannot move anyone’s tokens.
Q: Will we need to migrate our stake from the main staking pool to the new long-term staking pool?
A: Yes. Staking rewards from the old staking pool are now migrated exclusively to the LTSP. Launchpad access is available via the LTSP only as well, although there is a one-month grace period where people can still be eligible for launchpads while in the old pool.
Q: What will happen to Swap Score?
A: Swap Score is now discontinued. Swap Score was a bonus for long-term supporters, that was capped at sixty days and only provided a slight bonus to long-term supporters. The new LTSP “Staking Score” provides much more rewards for long term supporters than Swap Score ever did, up to a 10X bonus for a five year stake.
Q: Can I unstake early?
A: No. You can only unstake at the end of your stake. This will create a predictable release schedule for all network participants and further work to reduce the circulating supply from the ecosystem.
Q: How often will I get my staking rewards? Can I withdraw them? Can I restake/compound them?
A: Rewards are paid out every block (~10 seconds). You can withdraw and add to your stake at any time.
Q: Is there a max cap on the amount of SWAP that can be staked in the LTSP?
A: No
Q: Is there an exclusive chat for top stakers?
A: Yes, there are two. The top-1,000 stakers by score will be invited into an exclusive chat.
Anyone who stakes 100k SWAP for 5 years will be invited into the “TrustSwap VIP Community Council”.
Q: Is there a minimum amount you can stake?
A: No minimum
Q: Is there a minimum amount to be eligible for Launchpads?
A: A score of 4,000 is the minimum, which can be derived from staking as little as 400 swap for 5 years.
Q: If you compound your stake earnings, will your APY increase?
A: Yes.
