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Tigris Protocol — CLAY Token Generation Event (TGE)

TTC | 08.07| 400

Tigris Protocol — CLAY Token Generation Event (TGE)

Learn the details about TGE; CLAY Token Allocation, Token Sales, and Lockdrop

Tigris Protocol is a Decentralized Financial (DeFi) project developed and operated by the TTC Foundation. It will improve the stability of the entire TTC ecosystem and provide TTC users with the utility of their assets in a very efficient way.

In a nutshell, Tigris Protocol provides various DeFi services, such as the Collateralized Debt Service (CDS) and Staking-as-a-Service (StaaS). Anyone can easily borrow fiat-pegged stable coins by collateralizing cryptocurrencies and earn cryptocurrencies by staking TTC or CLAY, a TST-20 token issued for and by Tigris Protocol.

You can learn more about Tigris Protocol from Whitepaper and website.

TTC Foundation is planning the CLAY Token Generation Event (“CLAY TGE”); and in this article, we will explain how CLAY TGE will be carried out. (CLAY TGE expected to take place on August 30th, 2019)

In this article, we will take a look at the following aspects:

Token Allocation: How CLAY will be allocated at CLAY TGE
Token Sale: How you can obtain and receive CLAY at the CLAY TGE Roadmap: What will happen after the TGE

Tokens Allocation

The total supply of CLAY token is 2.5 billion (2,500,000,000) and will be allocated as follows:

  • 40% will be distributed to the public through Lockdrop (24%) and Token Sales (16%)
  • 40% will be allocated to Tigris Reserve to maintain the stability and sustainability of the Tigris Protocol Ecosystem
  • 10% will be allocated to the Ecosystem Building Fund to promote the growth of the Tigris Protocol services and ecosystem
  • 10% will be allocated to and managed by the TTC Foundation. The allocated CLAY tokens will be locked-up forever, and only the earnings profited from staking them will be utilized

Token Sale

The purpose of the CLAY TGE is to aggregate and to store the initial asset in Tigris Reserve, which will ensure the security and stability of the entire Tigris Protocol. We are planning two ways for holders to participate in the CLAY token sale:

⚠️ Users are required to complete a KYC verification to participate ⚠️

1. Private/Public Sale

Every Token Sale Participant (of both private and public sale) will be required to have TTC Coins in order to purchase CLAY tokens. The details on the Token Sales are as follows:

Private Sale (2019. 8. 1–2019. 8. 9)
-
Open to institutional investors and TTC Representatives
- Hardcap: 400,000,000 CLAY or 20,000,000 TTC
- Price: 1 TTC = 20 CLAY (No Lockup. No discount.)
- Min Amount: Undisclosed
- Max Amount: Undisclosed

Public Sale (2019. 8. 13–2019. 8. 15)
- Open to all public (Begins August 13th 20:00 UTC+8)
- Hardcap: 200,000,000 CLAY or 10,000,000 TTC
- Price: 1 TTC = 20 CLAY (No Lockup. No discount.)
- Min Amount: 2,000 TTC
- Max Amount: 100,000 TTC

Please follow the below steps to participate in the Public Sale via TTC Connect:

  1. Run TTC Connect, access “DAPPs”, and touch “JOIN CLAY TOKEN GENERATION EVENT” to join the CLAY Public Sale (if you have not completed your KYC verification please refer to the KYC Verification article)
  2. When the Public Sale goes live on August 13th, the “Purchase CLAY token” button will be activated. Touch the button to begin
  3. Input the desired amount of CLAY you would like to purchase and touch “Purchase CLAY token”
  4. When the Public Sale is over, TTC Connect will inform you that the sale has been concluded (Public Sale participant may also participate in the lockdrop as well)

2. Lockdrop

- Period: 2019. 8. 20–2019. 9. 19 (UTC+8)
- Hardcap: 400,000,000 CLAY tokens (16%)

TTC holders can participate in a lockdrop by simply timelocking their assets for a certain amount of time through a smart contract.

During the lockdrop period, the TTC Coins locked-up in the smart contract will NOT be used for the development of the Tigris protocol. Instead, locked TTC Coins will be applied to the Self-learning Automated Voting Engine (“SAVE”) and the recurring voting rewards will be allocated to the Tigris Reserve for improved stability and sustainability.

Lockdrop participants will receive CLAY token at the moment of TGE, and will receive back the entire amount of locked TTC Coins at the end of the lockdrop period. The lockdrop period begins the moment a participant receives his/her CLAY Tokens.

TTC holders can choose to lock their TTC Coins for either 6 months or 12 months:

  1. 6 Months Lock-up
    - Period: 2019. 8. 20–2019. 9. 19 (UTC+8)
    - Hardcap: 200,000,000 CLAY or 50,000,000 TTC
    - Rate: 1 TTC = 4 CLAY
    - Min Lockup Amount: 1,000 TTC
    - Max Lockup Amount: 300,000 TTC
  2. 12 Months Lock-up
    - Period: 2019. 8. 20–2019. 9. 19 (UTC+8)
    - Hardcap: 200,000,000 CLAY or 20,000,000 TTC
    - Rate: 1 TTC = 10 CLAY
    - Min Lockup Amount: 1,000 TTC
    - Max Lockup Amount: 300,000 TTC

Please follow the below steps to participate in the CLAY lockdrop via TTC Connect:

  1. Run TTC Connect, access “DAPPs”, and touch “JOIN CLAY TOKEN GENERATION EVENT” to join the CLAY lockdrop (if you have not completed your KYC verification please refer to the KYC Verification article)
  2. When the lockdrop goes live on August 20th, the “Lockdrop” button will be activated. Touch the button to begin
  3. Input the desired amount of TTC you would like to lockup and the lockup period. Touch “Get CLAY token” to finalize your lockdrop
  4. You may view your lockdrops and come back anytime to lockup more TTC for CLAY during the lockdrop participation period

Roadmap

After the CLAY TGE, key DeFi services of Tigris Protocol will launch their open beta testing (OBT) version. The participants of token sale and lockdrop will be able to experience the CDS and StaaS firsthand, using the CLAY tokens they received at CLAY TGE.

If you have any further questions, please contact us through our Telegram group or email.

Thank you,

TTC Foundation

About Tigris Protocol
Tigris Protocol is an open, trusted and interoperable Decentralized Financial (DeFi) service built on the TTC Blockchain Platform. It provides effortless crypto loans, stable daily rewards, and paramount security. For details, visit our website.To receive the latest news on TTC, join our Telegram and follow us on twitter.
About TTC
TTC is a blockchain fit for mass adoption and a sustainable token economy model. For details, visit our website.To receive the latest news on TTC, join our Telegram and follow us on twitter.

Tigris Protocol — CLAY Token Generation Event (TGE) was originally published in TTC — Official Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

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