FDT Lock-up Mining

[lilili999]

In order to motivate more long-term value investors, FireDAO will launch an FDT Lock-up Mining. Each community member can lock FDTs into the mining pool, assign different weight coefficients according to various lock-up period and can mine the incentive token FLMs. The obtained FLMs can be converted to FDTs, which will be released linearly with two years，

[Ht88888]

FireDAO's FDT staking mining program is an incentive program that encourages long-term investors to participate. This mechanism allows investors holding FDT to lock it into a mining pool to obtain the incentive token FLM, thereby promoting long-term holding by investors and encouraging stable investment behavior.
Key features of this plan may include:
Lock-up mining mechanism: Investors obtain the incentive token FLM by locking FDT into the mining pool. The choice of lock-up period may affect the weighting coefficient and the amount of incentives investors receive.
Weight coefficients for different lock-up periods: Generally speaking, longer-term lock-up periods may receive higher weight coefficients, which may encourage investors to choose longer-term lock-ups to obtain more incentives.
FLM Token Rewards: FLM tokens earned through mining can be converted into FDT. This mechanism can provide investors with continuous incentives and smoothly release tokens through a linear release.

[maykl]

In order to motivate more long-term value investors, FireDAO will launch an FDT Lock-up Mining. Each community member can lock FDTs into the mining pool, assign different weight coefficients according to various lock-up period and can mine the incentive token FLMs. The obtained FLMs can be converted to FDTs, which will be released linearly with two years，

The introduction of an FDT Lock-up Mining mechanism by FireDAO is a strategic move that aligns with the objective of encouraging long-term value investors within the community. It's important for FireDAO to communicate the details of the lock-up mining program clearly, including the specific weight coefficients, conversion rates, and any potential risks involved. Transparency is key to building trust and ensuring that community members have a clear understanding of the incentives and their implications.

As with any incentive program, monitoring its effectiveness and adapting it based on community feedback and evolving market conditions can be essential for long-term success.

[Howe]

FireDAO's FDT staking initiative incentivizes long-term investors. Through staking FDT in a mining pool, investors receive FLM tokens, fostering prolonged engagement. The duration of the lock-up correlates with higher rewards, promoting extended commitments. Earned FLM tokens can be converted into FDT, ensuring a steady token release and continuous incentives.

[asawale]

For the full members of the FireDAO ecosystems, the best way to have more incentives and also have opportunity of having more SBTs to be eligible to activate a buyback is through FDT lock up. You have SBT 001 and at the same time have SBT 006 of which if the combination makes 100K, you're eligible to activate a buyback and ear 0.02 WETH every hour of the day.

[john140]

FireDAO's FDT staking program rewards long-term investors. By locking FDT in a mining pool, investors earn FLM tokens, promoting sustained investment. The longer the lock-up, the higher the incentives, encouraging extended commitments. FLM tokens earned can be converted into FDT, offering continuous rewards and a gradual token release.

[SimonTaps27]

This is an interesting part of the project to be able to locked FDT and to receive more rewards. The project being a good one, there is no doubt that locking some funds (that we can afford to lose )will be interesting seeing the FLM to collect afterwards, even if there is a vesting period.