FLUUS: Seamlessly connecting money to humanity
1. Highlights
- Diamond Hands Staking Program is launching on
30th May at 13:00 UTC - Visit the staking portal at fluus.defiterm.io
- Users will be able to stake for 90 days.
- The pool will have a maximum token cap; once reached, users will not be able to stake additional assets.
- User rewards consist of pre-allocated tokens for community and staking rewards.
- In case of full utilization of the staking program, an expected total of 5,000,000 $FLUUS Tokens will be locked.
2. Staking Rewards and Metrics
The reward token for this program is the $FLUUS Token. The total number of tokens depositable in each staking contract is limited; once this number is reached, users will not be able to stake additional assets. Users wishing to stake their assets will be served on a first-come-first-served basis. In case all staking contracts are fully filled, an expected total of 5,000,000 $FLUUS Tokens will be locked.
The reward that the individual participant is entitled to be a function of three variables:
- The share of the total assets staked in the pool provided by the participant
- The duration for which the user has provided their funds for
- Total Reward pool size
Note: Rewards are distributed in each block.
3. Staking Pool Overview
In phase 1, FLUUS will launch a single pool, with its own unique nickname, and metrics — (future pools and their rewards to be announced).
Diamond Hands
Pool Duration: 3 months
Maximum deposit cap: 5,000,000 $FLUUS
4. Entering and Exiting Staking
All staking contracts will act as “open door” contracts allowing new participants’ entrance throughout their whole duration, meaning that some users might enter the “90 days lock” contract with 30 days already elapsed. However, it’s important to note that once a user enters a given staking pool, they cannot exit the pool until the end of the given staking pool duration.
This decision was taken to protect genuine staking participants from speculative malicious actors aiming to exploit significantly higher yields in long-term contracts by entering for a short period of time and exiting prematurely, siphoning additional rewards from genuine participants.
Personal Contribution Cap Period
In order to provide a fair and equal chance to each member of our community to join our staking program, we have decided to introduce a contribution cap per wallet of 50,000 $FLUUS Tokens.
Withdrawal Cooldown Period
To provide fair and transparent withdrawals at the conclusion of the staking period and prevent any significant “supply shocks,” we have decided to introduce a concept of cooldown windows for user withdrawals. There will be a fixed amount of assets (such as $FLUUS) that users will be available to claim every 24 hours from the pool. The time will be measured in blocks. If the amount of tokens to be claimed is exhausted, then users won’t be able to claim but will instead be put in a “cooldown” queue. Users will be able to see on the dashboard how much time is left until the cooldown period is over. Once this cooldown period is completed, Users will be served on a first-come-first-served basis.
Join us on our journey!
- Website: www.fluus.com
- Gitbook: https://docs.fluus.com/fluus/
- Telegram: https://t.me/itsFLUUS
- Twitter: https://twitter.com/itsFLUUS
- You can buy $FLUUS only at
https://www.mexc.com/price/FLUUS - $FLUUS is only available on Avalanche C Chain
