TunaChain? Token $TUN
Opening! Join us to embark on a marvellous journey and explore the diverse ocean world! Accompanied by enchanting music, the Tuna Ocean Festival tells the tale of everything that is beginning to unfold.
Tuna Chain — Grand Opening ← Current Location
We are thrilled to announce this exciting initiative: Tuna Chain will be distributing ecosystem governance tokens $TUN in this round of activities.
This is an ambitious plan, with the token distribution cap during the Ocean Festival determined by community-driven TVL growth! Ranging from a minimum of 2% to a maximum of 21%! It’s a bold move within all Layer 2 networks, and we truly understand the significance of community incentives in driving this decision forward.
The Biggest Rewards!
The initial token supply starts at 2%, and with each TVL milestone reached, the token supply will automatically increase. The calculation formula is as follows:
TVL Within $10m, the total token amount is 2%;
TVL Within $50m, the total token amount is 10%;
TVL Within $100m, the total token amount is 20%;
Once TVL reaches $100m, the maximum cap of 21% will be unlocked directly.Methods to earn rewards from Tuna Chain are as follows:
- Deposits to Tuna Chain to earn TUNA Ocean Stars ← Current Position;
- Actively participate in the Tuna Chain ecosystem development;
- More clues will be announced soon.
Introducing Ocean Star (OS)
Dive into the depths of the Tuna Chain ecosystem and discover the Ocean Star reward system, where active participants are rewarded for their contributions. Earn Ocean Stars through participating in Tuna Ocean Festival, unlocking exciting benefits within the Tuna Chain network.
Ocean Star (OS) calculation method:
1. The system takes a daily snapshot of BTC assets and non-BTC assets, along with the exchange rate of BTC, to calculate the amount of BTC for assets deposited by users.
2. Based on the user’s BTC amount, calculate the daily OS for the user = BTC amount * 20,000. For example, if a user deposits 1 BTC, their daily Ocean Stars(OS) are 20,000.
3. The final amount of $TUN received by the user is determined by the individually accumulated OS and the overall quantity of OS. $TUN amount = Total $TUN amount * (Individual OS quantity / Total OS quantity).
4. Based on the team’s contribution, team leaders and members will receive different reward buffs.
Ocean Festival Grand Opening Timeline:
February: the deposit activity will be opened to support assets such as BTC, WBTC, ETH, SOL, METH, USDT, USDC, etc., to earn Tuna Ocean Stars(OS).
March: Tuna Ocean Star(OS) redemption will be available, allowing users to exchange OS for the Tuna Chain governance token $TUN.
April: deposited assets withdrawal activities will be supported, with security provided by Fireblocks throughout the process.
Tuna Chain is the first modular L2 on the BTC network to utilise EVM technology powered by Celestia. It employs a hybrid ZK-OP approach and draws inspiration from Solana’s parallel transaction logic to create Tuna Chain.
Tuna Chain is merely an emerging modular L2 network on BTC, paying homage to all pioneers who have made outstanding contributions to blockchain. As a token of appreciation, we will support assets from multiple networks to participate in Tuna Chain’s grand opening of the TVL event.
https://medium.com/@tunachain.official
https://twitter.com/TunaChain