Thorstarter takes a closer look at Forge Reward Mechanism in their latest announcement. Forge is the best
Thorstarter takes a closer look at Forge Reward Mechanism in their latest announcement.
Forge is the best way for the Thorstarter community to participate in it’s ecosystem. It grants you access to sales the same way that XRUNE deposited in Tiers does. On top of access to sales, it entitles you to a share of the Forge rewards.
A summary is below:
Forge rewards mainly come from the divesting of 20% of sale tokens collected for Forge members. The other source of reward are forfeited XRUNE from Forge members deciding to unlock early (and pay the penalty). Thorstarter also owns a community incentive treasury reserved for future use.
The Forge Pool (20% of IDO tokens) will be sold and then swapped into XRUNE in accordance with the vesting schedule of the Project IDO
An important detail to consider is who is eligible to claim rewards and when they have to be locked in Forge.
Forge Stakers will be able to claim their share of the rewards from a sale based on a snapshot taken of Forge shares at the start of sale.
Therefore, if you join Forge as a new member you wont get rewards for past sales, only for future ones. This also means that if you leave Forge after your unlock period, but before full vesting, you will still get to claim rewards for sales that occurred while you had Forge shares.
Thorstarter have implemented the feature to collect rewards as they are distributed. This allows long term users to get a better Forge APR and removes any advantage of compound staking for shorter terms.
After your initial lock up period ends, you do not need to re-stake to continue participating in IDOs and getting Forge rewards.
The formula used to determine how much of the total rewards your are entitled to is simply: