Accelerator
How to take part in the weekly protocol revenue sharing
Last updated
How to take part in the weekly protocol revenue sharing
Last updated
The accelerator receives a certain number of weekly emissions from the minter. The total number of tokens sent to the accelerator depends on how many votes have been made during the week in the accelerator.
The tokens sent to the accelerator are distributed amongst businesses that have published pitches in the accelerator with respect to how many votes they get.
The goal of the accelerator is to provide an easy way for businesses to raise money; they upload their pitch, and every week they are able to receive votes from the community and receive a portion of token emissions equivalent to the proportion of votes they receive.
Businesses are able to bribe users for votes. Bribes can be anything:
A tFIAT token or another third party token like USDT, Ether, Bitcoin, etc.
A token owned by the business itself
A token representing a loan
A token representing anything valuable that can be tokenized
We believe this to be the most secure and safest way for businesses to raise money and for users to invest in businesses for the following reasons:
Users never actually buy tokens from the businesses; they can be bribed for votes with them but they don't spend their money to buy them which protects them from rug pulls
Users have exposure to the price appreciation of the Free Tokens they use to vote for businesses. By making sure businesses they like, receive Free Token emissions through their votes, they are participating in the growth of that Free Token's ecosystem and thus to the growth of the Free Token
Users can still have exposure to the price appreciation of the businesses' tokens for businesses that own a token and distribute them to users as bribes in exchange for votes
So you have a business and you're looking to raise some funding for your business, here is a step-by-step guide to publishing a pitch and receiving part of our weekly emissions:
Go to the Accelerator's page and click on the Publish A Pitch button
Fill in the form that pops up and validate the transaction
Tick the Mine Only button to only show your pitches
The next step is to add your actual pitch. To do so, click on the Open Pitch button and on the page that opens click on the Update Pitch button on the right side
This will open up a form for you to enter the body of the pitch for your business
Congratulations! You can now receive votes.
You can add bribes to your pitch to incentivize users to vote for you.
Go to the Accelerator page and find your pitch by ticking the Mine Only button
Expand you pitch's panel and click on the currency button on top of the Control Panel button and pick the token you're willing to use to bribe users to vote for you.
You can also import a token not available on the platform by copying its address in the search box like on the image below. When you do so, you should see your token appear with the import button next to it like with the FTM token in the image below
After you've selected your bribe token, click on the Control Panel button and then on the Update Bribes button. Pick an amount you would like to bribe users with and validate your transaction.
Congratulations! You have successfully published your pitch and added a bribe to incentivize users to vote for you.
All that's left is for you to wait for the end of each week to collect your share of weekly emissions and use those to grow your business preferably on our marketplaces so users can view how well your business is doing. The more they can see your business grow in real-time (which they can if you run it on our marketplaces), the more they will vote for you and the more weekly emissions you will get.
