The triple currency passive income system aiming to bridge the gap between crypto and FIAT.
Tags: Ethereum, Uniswap V2, Uniswap, Eth, Uniswap Gems

The triple currency passive income system aiming to bridge the gap between crypto and FIAT.

Note: this is not your ordinary RFI fork.

DeFi has seen a huge wave of investment with each new innovation driving the technology forward. Notably, the implementation of stakeless reward payments adopted by Reflect Finance, has seen mass utilization by various RFI forks and projects within the DeFi space. Despite their early success, many of these projects do not progress in an interesting or sustainable manner, ultimately contributing to their financial demise. As a result, a new way to counter and overcome these short-comings is necessary.

Trifl3ct Protocol

Trifl3ct Protocol proposes solutions for this issue through:

The potential for real-world utility. Dividend payments in USDT to encourage TFLCT’s use as a store of value and passive income generator. Sustainable, goal oriented growth.

The experimental basis of this solution is underpinned by the incorporation of all core RFI principles, along with functionality derived from Trinity Protocol (TRI). These modifications inherently differentiates Trifl3ct from typical RFI forks.

To support the price and growth of TFLCT, exchangeable automated buy-backs will be utilised to support and raise the price floor. Essentially, TFLCT exists in an ecosystem comprising of automated buys and sells between an ETH pool and a smaller, private USDT pool controlled by a smart contract.

The buy-back functionality serves two primary purposes:

Dividend reward payments to TFCLT holders in USDT.

Raising/reversing the price at time of purchase to maintain positive/stable price movements.

This process is supported through the taxation scheme, which is outlined in the “Trifl3ct Core Functionality” section below. At the core of this ideology, the aim is to create sustainability and utility.

How does this work?

Trifl3ct Protocol will incorporate two liquidity pools for the TFLCT token — one for Ethereum and the other for USDT. Buy backs are generated based upon consistently bearish price movements, wherein a significant percentage of TFLCT is purchased through an automated process, via treasury funds. During this process, the buy-back incurs a higher burn fee (7.5%) than a typical transaction, consequently creating anti-inflation mechanism through reducing the total supply. As a result, the ‘price floor’ is also permanently raised.

Tokens acquired through buy-backs are sold into a private USDT/TFLCT smart contract pool, which only the automated buy-back contract has access to. Following this, a portion of the final USDT amount is redistributed to TFLCT holders, and a portion is reallocated to the treasury for future funding/ETH pool buy-backs. The amount of USDT which is redistributed to holders is dependent upon the market cap at the time of the buy back and the amount of TFLCT holders.

Trifl3ct Core Functionality

5% tax on buys and sells:

Sells

2.25% of TFLCT distributed to TFLCT holders.

2.25% of TFLCT permanently distributed to Uniswap liquidity.

0.5% of TFLCT distributed to the treasury for community rewards.

Buys

1.5% of Ethereum used to buy TFLCT permanently distributed to the Uniswap liquidity.

3.5% of Ethereum used to buy TFLCT is automatically sold into USDT and added to USDT/TFLCT smart contract pool.

Trifl3ct Protocol Launch Strategy

Phase A

Whitelist. Pre-sale. Community engagement and rewards.

Phase B

Uniswap listing (ETH/TFLCT). Monitoring of ETH/TFLCT core functionality. Begin marketing campaign.

Phase c

Deployment of USDT/TFLCT smart contract. Monitoring of USDT/TFLCT functionality. Testing of buy-back mechanism.

Phase D (TBA)

TBA

Trifl3ct Utility

Trifl3ct Protocol aims to bridge the gap between DeFi and FIAT, wherein investors can stake and earn passive income in a stable currency, while freely being able to interchange between the two. Consequently, this makes TFLCT inherently valuable as an intangible store of value, and creates a link between blockchain and a tangible, and readily useable currency.

Some future applications of this technology which TFLCT aims to explore include:

Credit cards

Hedge funds

Online P2P/P2B/B2B transactions

FIAT currency conversions

Ultimately, the intention of TFLCT is to become a seamless, flexible intermediary between the blockchain and FIAT.

Trifl3ct Tokenomics

Total supply 500 000 TFCLT

Pre-sale allocation: 200 000 TFLCT.

Uniswap liquidity (ETH/TFLCT): 108 000.

Uniswap liquidity (USDT/TFLCT): 142 000.

Whitelist: 40 000 TFLCT (all contributed ETH to be used for future buy-backs).

Community reward fund: 10 000 TFLCT.

Trifl3ct Pre-sale information

Soft cap: 50ETH

Hard cap: 75ETH

Liquidity (ETH pool): 60%

Liquidity (USDT pool): 20%

Marketing allocation: 10%

Development fund: 10%

Whitelist price: 1 500 TFLCT per ETH.

Pre-sale price: 1 333 TFLCT per ETH (maximum 2.5ETH/minimim 0.5 ETH).

Listing price: 1200 TFLCT per ETH.

All unsold TFLCT will be burnt.

100% of liquidity will be locked.

Join our community!

Telegram: https://t.me/Trifl3ct

Website: coming soon!

Relevant Links

Reflect Finance (RFI) Medium article — to understand the foundational principles of TFLCT.

Trinity Protocol (TRI) Medium article — to understand the basis of TFCLT’s buy-back functionality.

TFLCT verified token contract: TBA

TFLCT Uniswap link: TBA

TFLCT DEXT link: TBA

TFLCT Unicrypt link: TBA

Reinventing DeFi.