Graphite Shards - CLOSED NOW
Graphite shards is the swap from $SCRAP into Graphite.
Last updated
Graphite shards is the swap from $SCRAP into Graphite.
Last updated
Some key info:
A portion of Graphite is claimable every day.
We anticipate a 0.40-0.50C Graphite opening on secondary based on LP deposit.
Seed round was .20C with 18 months vesting.
SHARD SWAP IS NOW CLOSED.
Website link: https://shards.taiyorobotics.com/ Taiyo Robotics was taken over by a new team, which came with a coin called "SCRAP" created by the previous owners. The current team did not design or develop SCRAP, which was intended to extract money from people. Upon taking over Taiyo, the team attempted to make SCRAP as useful as possible, but it was never part of their technology plans and was not included in any revenue models. With the launch of Graphite, the team needed to convert SCRAP into Graphite to phase out SCRAP. As of today, SCRAP is no longer being emitted through staking and can only be converted into a shard that emits Graphite. A program was created to allow people to exchange SCRAP for a Graphite shard. After the IDO, these shards will be stakable and a portion of Graphite can be claimed daily, based on the vesting time.
Vesting Vesting for shards operates in a unique and dynamic manner. When you exchange for a shard, the shard does not have a fixed vesting period. Instead, the vesting period is determined by the wallet that is staking it. The length of the vesting period is determined by the amount of Taiyo ecosystem assets held in the wallet. The tokens vest daily and the number of months indicates when the full vesting will be completed. Edit:
Due to Delays in shard staking we have lowered the vesting period by 2 months for each asset. The new vesting periods can be seen below. E.g 1 Taiyo Gen1 now Will be 10 months of staking and not the orginal 12 months it was before. No Taiyo assets ( Just $Scrap)- 14 months 10 months - 1 Gen1 1 Infant (12 months) 3 Infants, 10 months 2 Gen1's, 9 months 6 Infants, 9 months 5 Gen1's, 7 months 15 Infants (7 months)
If you, for example, had $SCRAP but no Taiyo assets, your swap would vest in around 16 months.
