Hi everyone👋! In this update, our team is announcing the start of our public beta, where active participants will be airdropped 2.5% of the total supply. Let’s get started!
Force’s Public Beta is kicking off this Monday March 15th at 12pm EST. The beta program is set to run for 14 days, with the intention of inviting early community members to try out the platform and refine our yield automation product prior to launch.
In return, our team has allocated 2.5% of the total Force supply to community members who participate in the beta program.
To qualify as a recipient, users will be required to have an invite code and to deposit a minimum of $1,000 USD in any of the vaults.
For dates, token reward details and invite codes continue reading below 👇
đź“… Beta Program Dates
- Start Date: Monday March 15th, 2021 at 12pm EST
- End Date: Tuesday March 30th, 2021 at 12pm EST
🗳️Initial Vaults
Our public beta will kickoff with simple strategies for stablecoins and ETH, with moderate risk profiles. The initial set of vaults are the following:
- DAI
- USDC
- USDT
- 3CRV
- ETH-DAI-SLP
- ETH-USDC-SLP
- ETH-USDT-SLP
Each vault will be initially capped at $1M deposit. The cap for each vault will be raised from $1M>$3M>$5M>$7.5M as deposits max out.
đź’Ś Invite Codes
To start, our team will randomly select community members in the following groups:
- Force Prize (Gitcoin contributors)
- Early Contributor Program
- Active Members on Social Media (Telegram, Discord and Twitter)
Each Beta tester gets 15 invite codes to give out to share with fellow DeFi users.
🏆 Token Rewards
An allocation of 2.5% of the Force token supply is designated for the participants in the Public Beta (this is 10% of the total Airdrop announced in out intro post). Force is the native governance token of our DAO, and will be distributed as follows to beta users:
The Longer the Stay, the Greater the Gains
- Allocation: 50%
- Criteria: Supplied to early testers who have an invite code and deposit at-least $1K. Rewards are time-weighted, meaning the longer you stay the more rewards you earn.
- Requirements: $1,000 USD deposit + invite code.
- Example: Alice received an invite code, deposited $1,000 DAI.
Social Butterflies
- Allocation: 50%
- Criteria: Supplied to users who shared invite codes to addresses that generated $15K USD value locked or more on the platform.
- Requirements: $1,000 USD deposit + invite code + $15K USD in referral deposits
- Example: Alice received an invite code, deposited $1,000 DAI and shared 2 codes. One for Bob, who deposited $7.5K in USDT and one for Charlie who deposited $7.5K in USDC.
About Force
Force is building the people’s gateway to quant finance. Built on decentralized blockchains, Force brings quant strategists together with community of investors to find yield-bearing DeFi opportunities. We’re remaking the financial system for ourselves, and inviting you to join us.
Disclosure
The funds provided by end users into Force platform are not being provided for any of the following: (i) to obtain a convertible debt or equity interest in Force or any of its subsidiaries or affiliates; (ii) to enable Force to further develop, build upon or improve the Force Platform; (iii) to be available and/or accessible to Force or its founders or affiliates for personal or commercial use; or (iv) to expect a return. We developed the Force platform to be a financial infrastructure that developers and end users can engage and interact with through a decentralized, open protocol that allows for community governance.
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