TheForce.Trade Initiated a Secure Asset Fund for Users (SAFU)
TheForce.Trade has initiated a Secure Asset Fund for Users (FOC SAFU Vault) starting from June 17th, 2021 as an emergency insurance fund to support the growth of the project and protect the interest of the community members.
About the FOC SAFU
The initial funding of the FOC SAFU Vault is made up from TheForce.Trade’s first NFT Mystery Box Sale which took placed on June 9th, 2021.
The contract address of FOC SAFU Vault: 0x3b3B51325cb5E217dAE44B3AE8AD916c3dC3D8EA
The initial fund for FOC SAFU Vault has 249,500 $ FOC in total. (500 NFT cards * 499 $FOC/NFT = 249,500 $FOC).
Starting from June 17th, 2021 (UTC), TheForce.Trade Team will allocate 50% $FOC from all of our future NFT sales into the FOC SAFU Vault.
*TheForce.Trade team assures all the $FOC token from FOC SAFU Vault will always remain in the wallet, TheForc.Trade team will not sell them.
Vault Use Cases
The FOC SAFU Vault is going to be used to protect the community members’ interests including but not limited to below cases:
- If a member accidentally transferred $FOC to $FOC smart contract address, the Force Team will verify the incident and use FOC SAFU Vault to compensate it.
- The community could propose and vote the usage of the fund if there is any incident that happens to damage the community members’ interests. The voting mechanisms and rules will be announced when we start implementing the DAO model.
*A transparency report will be given when the vault is being used.
TheForce.Trade is a data aggregator platform that utilizes customizable smart contracts to simplify the investment process for DeFi and NFT users of all levels. The platform provides users with all the data and automation tools they need to maximize returns from yield farming and NFT collections. More specifically, the platform offers services including yield aggregator, exchange aggregator, auto-compounding yield farming, NFT drops, NFT Mystery Boxes, NFT farming and lending.