3 July 2021, Hong Kong, Hong Kong, Hong Kong, Hong Kong, Hong Kong, Hong Kong, Hong Kong, Hong Kong, Hong Kong, Hong Kong,
Formation Fi, the premier DeFi project developing the next generation of yield farming protocol, is announcing the introduction of its Early Adoption Program.
Strong-hand holders of the $FORM token are bracing themselves for additional delicious rewards after a very successful and oversubscribed presale, followed by the IDO on leading decentralized platforms.
We developed our Early Adoption Program to ensure that all of our $FORM holders are taken care of ahead of ALPHA v1 Launch, in order to stimulate organic growth of the ecosystem by executing the fairest possible distribution. The ALPHA v1 is still on track to be delivered in Q3 as promised.
We’ve already started Phase 1 of the project. The first snapshot will take place from 18:00 UTC on July 1st to 18:00 UTC on July 4th. We’ll take a picture of you after you connect in the app, and you’ll be able to claim your tier and qualification status. Remember that the first snapshot is only valid for 3 days, after which you will no longer be eligible for the early adopters program.
The second and final snapshot will take place from 18:00 UTC on July 31st to 18:00 UTC on August 3rd. If your FORM holdings have changed after the first snapshot, for example, if they have doubled or tripled, you will be eligible to increase your TIER. However, if your FORM holdings have fallen below the basic tier level that got you authorized in the first snapshot, you will not be able to qualify for the final snapshot.
The rules for qualifying for TIER status with multipliers, autostake, and compound are as follows.
There are four levels in all (Limited Spots)
You must have $FORM tokens on hand (ERC20 or BEP20).
The program will only be open to wallets who have a particular amount of tokens in their wallets or that have been staked.
All LP Tokens strewn throughout our Pancake or Alpaca Pools will be counted (No need to unwind positions, ENJOY STAKING).
$FORM Silver: I’m holding between 2,500 and 9,999 FORM.
$FORM Gold: FORM holdings range from 10,000 to 34,999.
$FORM Diamond: 35,000+ FORM on hand
$FORM Black: $FORM Black: $FORM Black: $FORM Black: $FORM Black: $FORM Black: $FORM Black: $
Important Reminders:
Make sure you have enough FORM tokens to qualify for the Silver Tier at the very least.
You can look at the other tiers to see how much more FORM you’ll need to upgrade.
Upgrades will be available in the second snapshot, but only if you were already qualified in the first.
The Benefits
A total of 6 MILLION FORM will be distributed (among) just our tier card members who are early adopters.
All holders of tier early adopter tiers will have immediate access to darkpool limited liquidity pools.
As soon as our partner projects are revealed, all tier early adopters will be eligible for an airdrop.
On ALPHA V1, all tier early adopters will be able to earn more APY thanks to a special multiplier available only to tier early adopters.
Formation Fi’s $FORM is a triple-utility token that provides profit-sharing, governance, and contributes to the growth of the DeFi ecosystem by leveraging crowdsourcing to find and support the most promising projects. The token powers our Smart Yield Farming 2.0 ecosystem, as well as enabling and incentivizing community participation in good governance and profit sharing. The token is intended to reward important stakeholders’ long-term interests while discouraging short-term speculators.
Concerning Fi Formation
Formation Fi is a DeFi initiative that intends to take yield farming to the next level by including the risk parity technique, which was first adopted for stock markets by billionaire hedge fund manager Ray Dalio. Formation Fi’s yield farming methodology spreads risk across several uncorrelated assets in the cryptocurrency space. The protocol is community-oriented, chain-agnostic, and aims for long-term success.
Keep an eye out for updates and follow us at:
https://formation.fi is the URL for the website.
FormationFi on Telegram: https://t.me/FormationFi
FormationFi is on Twitter: https://twitter.com/FormationFi
Contacts: https://formation-fi.medium.com/
gagacki@gmail.com Krzysztof Gagacki/n
