Willemstad, Curacao, July 24, 2023, Chainwire
Last year, the Fairspin platform launched two related loyalty programs: Play To Earn and Hold To Earn. In the first, TFS tokens can be received as rebates; with the second, they can be increased due to holding without any risk.
Both projects have achieved remarkable results. Since launch, players in the Play to Win and Stick to Win frameworks have paid out $726,234 and $1,759,091,86, respectively.
The TFS Token Team is pleased to announce yet another beneficial way of earning additional income for TFS holders – Liquidity staking scheme.
What is Liquidity Staking?
Tokens and funds invested in such programs will be used to increase the liquidity of PancakeSwap in the TFS-USDT pool. This will help increase the liquidity of the TFS token, thereby strengthening its position in the market.
Liquidity staking options are available on the staking program page Fairspin website.
Unlike existing staking programs, liquid staking is permanent, meaning that if a user chooses this option, staking will continue until the user does not stop the option.
At the same time, the rewards for liquidity staking can be withdrawn at any time according to the user’s requirements. There is no mandatory minimum staking time for withdrawal rewards, nor is there a limit to the number of withdrawal requests.
How rewards are calculated
The reward amount depends on the Fairspin Casino’s GGR and the number of tokens in the staking pool and the user’s multiplier.
The user’s multiplier depends on your staking days.
- From 0 to 1 day multiplier*0.3
- 7 to 30 days Multiplier*0.6
- 30 to ∞ day multiplier*1
Ultimately, the reward will be equal to the percentage of Fairspin Casino GGR multiplied by the user’s share of the pool, multiplied by the time multiplier. If a user pledges tokens for 1 month or more, he will get the maximum benefit – sharing 0.5% of GGR.
A request to stop liquidity staking can be made at any time. Users can request to withdraw all or part of the amount. Tokens will be sent to the user’s account immediately.
If a user requests to withdraw some tokens from the Liquidity Stake, the reward multiplier for the remaining tokens in the Liquidity Stake will return to the initial level.
About TFS Token
this TFS Token is the driving force behind Fairspin, one of the world’s leading blockchain casinos, ushering in a new era of trust and transparency in online gambling.
TFS tokens are built on ERC-20/BEP-20 technology, which ensures immutable betting data, giving players full access to their game history and rewards. With a limited supply and a focus on user rewards, the token introduces groundbreaking “earn by play” and “earn by hold” features that reward players for their participation.
As the gaming industry continues to evolve, TFS tokens are at the forefront, revolutionizing the way players interact with online casinos and shaping the future of fair gaming.
TFS Token PR Team