Conversion of $oTHI to $THI
Last updated
Last updated
Requirement for Conversion of $oTHI to $THI token
Accumulative trading volume of minimum $1million THI-LP on DEX to start conversion of level THI token.
Each level unlock 1% of $oTHI to $THI tokens.
100% of $oTHI conversion will end once the level 100 is completed. ($14.8b total trading volume)
$oTHI holders have the option to convert to $THI at every level anytime.
Further integration of CEX’s volume will also be included using Chainlink’s price oracle ensuring decentralization and further accumulation of total trading volume (TBC)
oTHI conversions will be exponential (not linear conversion), converting volumes of oTHI to THI will become increasingly challenging overtime to ensure long term trading volume. Based on the table below.
Expected Trading Volume / Day
— 1m Trading Volume / Day
— 10m Trading Volume / Day
— 100 Trading Volume / Day
We had a projection based on average trading volume per day for conversion from oTHI to THI. Based on the chart above, 50% of oTHI conversion requires $440m in accumulated trading volume, and with an average of $10m in daily trading volume, that would be 44 days (1.5 months). Illustrate 3 scenarios based on the chart above.
30% oTHI conversion: 3 months 50% oTHI conversion: 14 months (1.2 years) 100% oTHI conversion: 40 years
30% oTHI conversion: 10 days 50% oTHI conversion: 1.5 months (44 days) 100% oTHI conversion: 4 years
30% oTHI conversion: 1 day 60% oTHI conversion: 4 days 100% oTHI conversion: 5 months
Traders who reach specific trading milestones receive additional incentives, akin to Bitcoin miners being rewarded with BTC for each block they successfully mine.
Total of 14.83% THI supply will be rewarded in total for the traders who achieve the required milestone.
Every $1m of total trading is achieved, 0.001% THI token supply (1,000 THI) will be distributed to the trader who achieves the milestone.
This incentive is allocated until accumulated trading volume reaches $14.83b.
None of the involved stakeholders, whether it's the team, VCs, key opinion leaders (KOLs), or investors, have the ability to dump the tokens until a certain level of percentage of token is unlocked.
