🥳DAO and Incentives
DAO proceeds distribution
DAO proceeds are derived from DAO contracts and are allocated as follows:
Nodal Dividends
40%
$veIFO Rewards
20%
Foundation
40%
Nodal Dividends
DAO nodal has three levels, namely the primary nodal, intermediate nodal, and senior nodal. The requirements of each level are as follows:
Protocol contribution
Direct invite 3 value users, team sTIFO
≥3,000,000
Direct invite 3 primary nodals, team sTIFO
≥10,000,000
Direct invite 3 intermediate nodals, team sTIFO
≥50,000,000
Intermediate nodal directly invited by the senior nodal is upgraded to an senior nodal
Dividend ratio
10%
20%
35%
5%
DAO Nodal Dividends
Dividend Cycle
Every 10 days, the 7th, 17th, and 27th of each month are the nodal dividend day. Automatic issuance through smart contracts
Dividend basis
Every 10 days, the sTIFO (staked TIFO) increment of the nodal community exceeds the static increment, and the corresponding level of dividend is obtained according to the sTIFO increment.
Nodal community sTIFO Increment➗ Network-wide sTIFO increment ✖️ DAO income ✖️Dividend ratio
Dividend calculation
Assuming that the price of $TIFO is 10USDT and a nodal is a senior nodal, the nodal community adds a new sTIFO value of 100,000 USDT in a certain dividend cycle, and the incremental value of the whole network sTIFO is 1 million USDT. The DAO income during the dividend cycle is 50,000,000 $TIFO, and the total dividend of the nodal is:
(100,000/1,000,000) 50,000,000*0.35 = 1,750,000$TIFO
1,750 ,000* 0.01USDT = 17,500USDT
TIFO = 0.02USDT, The total dividend income of the senior node on the 10th is: 1,750,000 * 0.02USDT = 35,000USDT
Additional notes
If the senior nodal does not reach the dividend algorithm, the senior nodal will be skipped, the intermediate nodal will be issued directly and the primary nodal will be paid as a dividend. The three intermediate nodal invited by the senior nodal A will upgrade to the senior nodal, and the senior nodal A will be promoted to a super nodal and becomes the dividend shareholder of Tifo Trade. It will enjoy a weighted dividend of 10% of the revenue of Tifo Trade that will take effect permanently. The number of super nodal promoted is limited.
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