What is TOD’s reputation?
Wallet reputation of the TOD token is a parameter to evaluate users’ loyalty to the TraDAO protocol, showing the trust and reputation of the holder in the community. TOD reputation includes TOD and staked TOD tokens to calculate the reputation of TOD bonders, holders, and stakers.
The benefits of having a high rank of TOD reputation.
For now, with a high-ranking reputation, users have more opportunities to purchase bonds with higher installment percentages and owe a larger debt. In the long-term, we widen its application which influences other parameters such as APY staking, debt interest rate, repayment period, etc.
In particular, the APY staking is usually at thousands of percent. With a high reputation rank, this number is even higher, and the benefits you earn will be much more significant.
Pro tips for better strategies:
As mentioned above, users gain more benefits if they own a high-rank TOD reputation. Based on the formula we provided in the previous article, there are some main factors that affect your rank, including the number of TOD tokens, amount of purchased and liquidated bonds, etc.
To help you have a better strategy for increasing your TOD reputation, we are pleased to provide some critical tips:
- Staking TOD: In case you have TOD tokens in your wallet, you should stake them immediately since the TOD balance will increase over time by doing this.
- Buying more TOD: Your bonds will be auto-staked even if they haven’t fully vested. Thus, your reputation rank will increase, given the rise of TOD numbers. In addition, compared to buying TOD on the PancakeSwap, buying bonds is more reasonable because of its more significant discounted percentage.
- Buying bonds with installment: The unique mechanism of bond installment allows users to buy more bonds and have even higher reputation ranks more quickly.
- Restrict the activities of selling TOD or transferring them out of your wallet. Note that adding liquidity with TOD and BUSD will not change the TOD balance of the wallet (it does not deduct users’ points)
- You should not let your bonds be liquidated if you buy bonds in installments. Otherwise the liquidated bonds will reduce your point.
- Liquidating other’s bonds: will improve the reputation rank by increasing the number of bonds and adding liquidation points. In addition, that also makes the system work stably.
In the future, there will be an exclusive program that brings much more benefits (high staking APY) for users with a high TOD reputation rank. In this case, users who reach a particular rank can participate in this program. As a result, you must purchase TODs as soon as possible (through PancakeSwap or bond purchase) so that your reputation rating will reach this level in a timely manner.
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About TRADAO
TraDAO is a new product compatible with other products in the Trava ecosystem. It is the world’s first bonding protocol with installment and reputation tracking. TraDAO is protocol owned liquidity, accumulating value through such activities of bonding and staking, which are regulated by a treasury. TraDAO is deployed on the Binance Smart Chain and allows for bonding with tokens on BSC first; we then enable cross-chain deployment and offer bonds to be exchanged for various other tokens on other blockchain networks.
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