What is Triforce Protocol (TFC) | What is Triforce Protocol token | What is TFC token

What is Triforce Protocol (TFC) | What is Triforce Protocol token | What is TFC token

Triforce Protocol (TFC) is a decentralized protocol that performs multi-functional mechanisms such as automatic liquidity generation, frictionless rewards to token holders, automated rebalancing using its deflationary token $TFC. The project aims to integrate the theme of old-school gaming nostalgia with an NFT ecosystem, gaming applications, and yield farming. Driven by the TRIad of Fee levied On each tRansaCtion, the TFC token is designed to ensure that it automatically generates liquidity and rebalances itself every hour by making automated buy-backs. What is Triforce Protocol (TFC) | What is Triforce Protocol token | What is TFC token

In this article, we'll discuss information about the Triforce Protocol project and TFC token

What is TRIFORCE?

TRIFORCE is a decentralized protocol that seeks to encompass multi-functional mechanisms using its deflationary token $TFC.

  • Automatic liquidity generation.
  • Frictionless rewards to token holders.
  • Automated rebalancer function.
  • Token burn.

$TFC Transaction Fee

  • On each transaction (sell, buy, and transfer) of $TFC, the following fees are levied.
  • 3% Liquidity Fee (to automatically generate liquidity).
  • 3% Tax Fee (to reward holders).
  • 3% Burn Fee (to decrease the supply and create higher market price).
  • Example: (For a transaction to buy 3333 tokens)
    • 99.99 tokens as a fee to automatically generate liquidity.
    • 99.99 tokens as a fee to reward holders.
    • 99.99 tokens as a fee to burn.
  • So, the buyer receives 3333- (99.99 + 99.99 + 99.99) = 3033.33 tokens.

Mechanisms of $TFC

1. Automatically Generates Liquidity

  • Apart from the liquidity pool created initially, $TFC provides for generating liquidity with the help of its transactions.

  • Whenever someone sends a transaction using the *$TFC *token, 3% of that transaction is sent to the token contract. (3% liquidity fee)

  • Over time, the stored $TFC tokens accumulate until they reach a threshold (set as 10,000 $TFC).

  • Once this threshold is reached, half of the stored $TFC is sold in the market for $BNB.

  • The $BNB and remaining half of $TFC is then used to create a Pancake LP token. The LP token is then stored inside of the contract where it is secure and can never be transferred out.

  • Over time, the liquidity stored inside of the contract grows bigger and bigger, which creates a price-floor for $TFC.

  • Since this step is a high-gas transaction, whoever happens to initiates this transaction is automatically rewarded with 200 $TFC tokens.

Auto Liquidity Generation

2. Frictionless rewards to holders

  • $TFC *token benefits every holder with a charge of 3% fee in every transaction on the blockchain, redistributes to every wallet holder automatically based on the amount of *$TFC token in their wallets.

3. Token burn on each transaction

  • 3% of tokens involved in every transaction on the blockchain are burned forever to increase demand and create a higher market price.

4. Automated Buy Backs

  • Apart from the above, $TFC ensures that its price is constantly increasing in value against $BNB. For this, it uses a salient mechanism called Rebalancing which is executed after one hour (automatically initiated by a transaction from a token holder holding more than** 1000 $TFC tokens**).

Rebalancer:

  • The protocol removes 3% of the liquidity (Pancake LP tokens) locked inside the contract. This is broken down into $BNB and** $TFC.**
  • The $BNB so obtained is used to market-buy $TFC.
  • 95% of these $TFC tokens are burned and the rest 5% of** $TFC** is rewarded to the caller of the transaction which invokes the rebalancer (since it is a high-gas mechanism).

The result is a balanced liquidity pool at a higher market price. It ensures that $TFC price is constantly increasing in value against $BNB.

Considering Ethereum’s heavy gas fees and subsequent congestion that pains us on Uniswap, the near costless PancakeSwap platform offered on BSC will allow us to perform these mechanisms with a low gas fee and less congestion.

With the combined FORCE of TRIad of fees, TRIFORCE seeks to incentivize HOLDERS and create a base to expand its utility towards a grand vision.

TRIFORCE Ecosystem

  • The TRIFORCE ecosystem will be a two token system with TRIFORCE($TFC), its farm token Pyukumuku($pYUK) and will also include NFT’s.
  • In short, the users will have the following options:
    • Stake $TFC to earn more $TFC, NFT’s and an opportunity to get into the private sale of the farm token $pYUK.
    • Stake $TFC to farm $pYUK
    • Stake $pYUK to farm NFT’s via a point system
  • More elaborate details of the $TFC staking rewards, the farm token $pYUK, and the NFT marketplace will be updated.

Roadmap

  • We have an exciting series of activities planned for the future of the TRIFORCE Protocol.

Roadmap Phase I

  • Forthcoming phases will be announced soon, as our team is finalizing key partnerships.

Presale

  • Hardcap: 1400 BNB (via Private sale)
  • Liquidity: 53.57% ( 1 year lock)
  • Development/Team/Marketing: 46.43%

Tokenomics:

  • Max Supply: 10,000,000

  • Presale: 50%

  • Liquidity: 23.8 %

  • Staking Rewards: 26.2 %

  • Presale Price: 1 BNB = 3546 $TFC

  • Listing Price: 1 BNB = 3173 $TFC

A Step-By-Step Guide to buying $TFC

You’re probably reading this because you are interested in buying $TFC (Of course you are!) WE ARE HERE TO HELP!

We hope this step-by-step guide (with pictures) will help make the process super easy for you and explain what to do and how to do it.

TFC t oken is now live on the Binance mainnet. The token address for TFC is 0x339f6e1553e923fd27412dfaf18b5721ea580a15. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.

Just be sure you have enough BNB in your wallet to cover the transaction fees.

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)...

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)...

SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

STEP 1: Make sure you have some BNB ready and you are on the Binance Smart Chain (BSC) on your wallet (Metamask, Trust, etc.). Wwe use Metamask wallet. If you don't have a Metamask wallet, read this article and follow the steps

What is Metamask wallet | How to Create a wallet and Use

STEP 2: Head to a BSC Exchange. Either PancakeSwap or 1inch. For the sake of this Step-By-Step, we will be showing you PancakeSwap.

Read more: What is Pancakeswap | Beginner's Guide on How to Use Pancakeswap

STEP 3: Once you’re on the exchange, connect your wallet and then you can click select currency and it will ask you to insert a contract address.

Our contract is as follows: 0x339f6e1553E923FD27412dfaF18b5721EA580A15

You can also bypass this part by just clicking on the following link:  https://exchange.pancakeswap.finance/#/swap?inputCurrency=BNB&outputCurrency=0x339f6e1553E923FD27412dfaF18b5721EA580A15

Once you input the contract address or click on the link above you will see the following:

$TFC now shows below.

STEP 4: Adjust Slippage!! Now, here is where people get confused. What is slippage? Well, slippage is the amount of spread that can be used to buy or sell a token. When you are using a token with high liquidity and no burn/tax you want to use a very SMALL amount of slippage otherwise you will get frontrun by bots.

HOWEVER…. for $TFC Slippage NEEDS to be at at least 10-11% because 3% of each transaction is taxed to get locked into liquidity, 3% is distributed amongst holders and 3% is a Burn fee. What does this mean for you? It means that after you get your tokens, every transaction someone else makes you’ll get a little piece of their buys and sells. Follow the diagrams below on how to adjust slippage.

  • Click on the settings button at top of the exchange.

Click on the settings button pointed by the arrow

  • Change slippage to between 10–11% (sometimes even more up to 12–15% during high volatility) but usually, 10% works fine.

Notice that it’ll say “Your transaction may be frontrun” That is Just Fine (ignore)!

NOTE: ONCE YOU ARE DONE BUYING $TFC, PLEASE READJUST SLIPPAGE SO YOU DON’T GET FRONTRUN ON OTHER TOKENS.

STEP 5: Buy!

  • Type in the amount of BNB you’re looking to spend and then click buy. You should have no issues! When you sell, make sure slippage is the same amount!

  • NOTE: You can buy and sell a maximum of 50,000 $TFC tokens per transaction.

See slippage tolerance at the bottom? Perfect!

There are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once TFC gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Top exchanges for token-coin trading. Follow instructions and make unlimited money

https://www.binance.com   ☞ https://www.bittrex.com   ☞ https://www.poloniex.com   ☞ https://www.bitfinex.com   ☞ https://www.huobi.com

Find more information TFC

WebsiteExplorerSource CodeSocial ChannelSocial Channel 2Social Channel 3Message BoardCoinmarketcap

🔺DISCLAIMER: The Information in the post isn't financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

🔥 If you're a beginner. I believe the article below will be useful to you

⭐ ⭐ ⭐ What You Should Know Before Investing in Cryptocurrency - For Beginner ⭐ ⭐ ⭐

I hope this post will help you. Don't forget to leave a like, comment and sharing it with others. Thank you!

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