2023-05-02 16:01:29
Last year, the Fairspin platform launched two related loyalty programs: Play To Earn and Hold To Earn.
In the framework of the first, TFS tokens can be received as rakeback, and with the help of the second, thanks to the holding, they can be increased risk-free.
Both programs have already shown outstanding results. Since launch, $726,234.14 and $1,759,091.86 have been paid out to players in Play To Earn and Hold To Earn, respectively.
The average APR in the Hold To Earn program can be as high as 500%. Meanwhile, those who recently held hold tokens even experienced a record 21% daily APR.
Today, the TFS Token team is pleased to announce another beneficial opportunity for TFS holders to earn additional income – the liquidity staking program.
Below we’ll go over all the options in detail and explain how to get the most out of using them.
What is liquidity staking?
Tokens and money deposited in such a program are used to increase PancakeSwap liquidity in the TFS-USDT pool. This helps to improve the liquidity of the TFS token, positively affects its price and, as a result, strengthens its market position.
A Liquidity Staking optioned to Fairspin’s website It is available on the Staking Programs page.
Unlike existing staking programs, liquidity staking is permanent, which means that if a user chooses this option, staking will continue until the user stops the option.
At the same time, the reward from liquidity staking can be withdrawn at any time at the user’s request. There is no mandatory minimum stake collection time for the exception, and there is no limit to the number of exception requests.
How the reward is calculated
The amount of the reward depends on the Fairspin casino GGR, the number of tokens in the staking pool and the user’s multiplier.
The user’s multiplier depends on the length of his stake in days.
Calculation formula:
- Multiplier from 0 to 1 day *0.3
- Multiplier from 7 to 30 days *0.6
- Multiplier from 30 to ∞ days *1
The reward will eventually be equal to the % of Fairspin casino’s GGR multiplied by the user’s share of the pool and multiplied by the time multiplier.
If a user stakes tokens for 1 month or more, they will receive the maximum benefit – a share of 0.5% of GGR.
The request to stop the liquidity bet can be submitted at any time. The user can request the withdrawal of the entire amount or a part of it. Tokens are sent to the user’s account immediately.
In the event that a user submits a request to withdraw part of the tokens in the liquidity staking, the reward multiplier for the other tokens in the liquidity staking will be reset to the initial level.
Mi a Play To Earn program?
Most online gambling enthusiasts are perfectly familiar with cashback, the traditional casino promotion. This allows us to recover a certain percentage of the lost funds.
But the main disadvantage of such a promotion is the time frame for crediting the cashback. As a rule, you have to wait until the end of the week or even the month to receive the promised reward.
Moreover, such cashback can only be credited if the bet did not win. On the other hand, the rakeback can always and immediately be received within the framework of the exclusive Play To Earn program.
To join the Play To Earn loyalty program, the user must select a game to launch.
Place a bet in the game and get instant rakeback in TFS tokens. And it doesn’t matter if it’s a winning bet or not.
Rakeback is accumulated in all cases. The amount of rakeback depends on the type of game.
Mi a Hold To Earn program?
As soon as the user receives or buys TFS in the framework of Play To Earn, it is possible to keep the tokens on the Fairspin website for a specified period of time.
Therefore, the user receives a reward – additional TFS tokens. The size of the reward depends on three factors.
The first is the period chosen to hold the tokens.
The second is the income of the Fairspin casino during the chosen period of token holding. As this indicator increases, so does the reward.
The third – the number of users who simultaneously own TFS tokens. The fewer such users there are, the more tokens we get at the end.
Tokens can be held in 3 periods. Each has its own reward pool: 8 hours with 1% of casino earnings, 1 day with 2% or 3 days with 0.5%.
As soon as the holding period ends, the initial tokens as well as the tokens earned under the Hold To Earn program will be credited to the user’s account.
Fairspin’s earnings may be zero if the casino loses money due to some players’ big wins. But the most important thing is that the tokens are never lost.
Even if the casino balance becomes negative during the time of ownership, the initial tokens will be returned to the user in full. Or it is possible to continue holding and earn a profit with the casino.
TFS and Fairspin believe in honest relationships with their players. Thus, a user’s holding history is available on the TFS page.
There, the user can find out about the casino’s income, the number of holders in each period and their share in the pool. All information is updated live and backed by data from the blockchain.
Fairspin is an online casino where all transactions such as deposits, withdrawals, bets etc. are published on the blockchain.
This technology originally resulted in complete transparency of the operation of the casino and loyalty programs.
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