Genesis

The protocol starts with the way of Genesis issuance. Rules are shown as below:

During the Genesis stage, five pools will simultaneously raise ETH at different prices to mint TAI. Each pool of fundraising amount will be divided equally based on the proportion of input, and the corresponding TAI will be minted according to the price of pools. The remaining ETH after the allocation of the fundraising amount can be retrieved by participants at the end of the Genesis. In addition, participants will receive a proportional amount of FED tokens, which is equal to 5% of the total amount of tokens. The reward will be unlocked 2% per week (50 weeks in total) when finishing the Genesis. You may choose to receive FED tokens by Preswap with TAI during the Genesis, but not more than 10% of the total allotment. The TAI used for Preswap will be destroyed directly.

Genesis Pool Rules:

Pool 1: TAI is priced at $1.01, pool allocation is 100 ETH. Participants receive FED rewards in proportion to their contributions. The total award in the pool is 0.3333% of the total FED, which means 3333 FED;

Pool 2: TAI is priced at $1.02, pool allocation is 200 ETH. Participants receive FED rewards in proportion to their contributions. The total award in the pool is 0.6667% of the total FED, which means 6667 FED;

Pool 3: TAI is priced at $1.03, pool allocation is 300 ETH. Participants receive FED rewards in proportion to their contributions. The total award in the pool is 1% of the total FED, which means 10000 FED;

Pool 4: TAI is priced at $1.04, pool allocation is 400 ETH. Participants receive FED rewards in proportion to their contributions. The total award in the pool is 1.3333% of the total FED, which means 13333 FED;

Pool 5: TAI is priced at $1.05, pool allocation is 500 ETH. Participants receive FED rewards in proportion to their contributions. The total award in the pool is 1.6667% of the total FED, which means 16667 FED.

Note: Only 1500 ETH will be accepted as Genesis funding and each pool has a different quota. Maximum input of 2000 ETH is allowed for each pool. All participants will receive a share of the funds invested at the end of Genesis.

Preswap Protocol

At the initial stage of the project, 5% of the total amount of the governance token FED can be sold to the market through Preswap in the Genesis stage. The FED tokens obtained through Preswap are the only initial token supply.