FED Token

FED Token

The governance token FED is crucial to the decentralization of the Tai Chi Protocol. The total supply of FED is 1,000,000.

There are two ways to get FED:

First, you can get FED by providing liquidity. TAI holders can offer liquidity in the TAI/FED SushiSwap pool and TAI-USDC-USDT stablecoin swap pool, staking LP token to get FED. The specific details of the unlocked rewards will be shown in the token allocation rules.

Second, you can get FED in the Genesis stage. The Genesis Group will be open for 1-2 days to participants, who will be able to earn FED airdrop by participating Genesis Group with ETH. At the end of this phase, the TAI acquired by Genesis participants can be used to buy FED through Preswap. That will help to set the price of FED and make it the most attractive. You may get a chance to get more FED token at a relatively low valuation if you have confidence in this project. Participants of Genesis Group will receive TAI proportional to the total amount of ETH invested, regardless of when they joined the Genesis Group. At the end of the Genesis stage, TAI will apply the oracle price.

At the same time, the project will also make airdrop to all participating users during the Genesis phase according to the proportion, which accounts for 5% of the total amount. It should be pointed out that there is an unlocking period for the token. Please refer to the details of token allocation for the specific rules of unlock.