TLN is a series of smart contracts which provide economic incentives designed to stimulate liquidity provision within the VOW ecosystem. These contracts were not deployed by a corporate vehicle (or director of such a vehicle) associated with the VOW token. TLN is a holistic defi system which operates autonomously and will exist for as long as the Ethereum and BSC blockchains exist. You are not required to pay any money to the TLN contracts, any person or company, to use the TLN smart contracts.
You do not get paid by the TLN smart contract for adding liquidity to Pancakeswap, or from referring others to use the TLN contracts. The TLN contracts simply track blockchain activity and programatically mint, allocate and burn a supply of TLN Gold and TLN Plus tokens. Your interactions with the TLN contracts are all instigated by your own private keys.
There is no "operator" (person or company) which can alter the functionality of core TLN smart contracts. Where a new contract is needed it is simply deployed by any of the independent developers working on the ecosystem. This means you are wholly responsible for every signature you sign and no one else can be. Do not be misled that any kind of guarantees are asserted, or implied, by the existence of the TLN system. TLN is not a "safe place to put your money". It is a self running program which you can interact with, according to pre-programmed rules, to achieve the results you desire. There is no possibility ot refunds or recourse when you use the TLN System.
TLN is a smart contract, not a company.
Once you have bought VOW, v€, v£ or any other token from a centralized, or decentralized, exchange you are now exposed to the market dependent value of the tokens you hold. This is your risk and your opportunity,
You are not required to buy tokens from a specific person, or company, at any time. Who you buy from is entirely up to you. Like any other assets, VOW, v€, v£ and v$ go down and up in value compared to other assets like the USD continuously. One of the differences between VOW and USD is that there is a limited supply of VOW and there is an unlimited supply of USD. This is exactly the same difference between Bitcoin and USD, and it is one of the reasons why the crypto community prefer to hold some of their wealth in crypto long term.
Over time, there could be major economic advantages of holding crypto as opposed to USD, but there could also be huge disadvantages. You could also lose all value at any time for a multitude of reasons. It is therefore important to weigh up these risks and opportunities before buying any crypto asset. There are a great many risks in engaging with cryptocurrency and De-Fi protocols.
Some of these are known risks such as cryptocurrency can rise or fall in value, and other risks are unknown, such as the collapse of the internet or Ethereum itself or changes in the regulatory landscape. You should be cautious and never invest more than you can afford to lose in any project. TLN is an entirely decentralised ecosystem, which means that in addition to all the above mentioned risks, no one can help you if you lose or misplace your private keys.
Pancakeswap is operated by Binance and is the largest decentralized exchange on Binance chain, where users can swap tokens with each other in a completely decentralised manner. It also allows anyone to participate as a liquidity provider to the overall crypto market, by depositing pairs of tokens into what are called liquidity pools. Once you have bought tokens you can choose to deposit them (as liquidity) in a Pancakeswap pool. Pancakeswap will then automatically mint LP tokens and send them back to you, as proof that you have deposited liquidity.
You can also purchase LP tokens directly from anyone else who holds LP tokens instead of buying the tokens themselves and then adding them to Pancakeswap directly. Because LP tokens may trade for more, or less, than the tokens they each represent, you could gain, or lose, by purchasing LP tokens instead of the underlying tokens. Once again, the best thing about defi is that only you can sign every transaction, so no one else makes a decision for you.
As soon as you've deposited liquidity (or are holding your LP tokens) you will receive an ongoing share of all the trading fees in the pool - currently 0.17%. These fees are accumulated as people and bots trade through the pool of liquidity that you have contributed to.
Accumulated fees are calculated by Pancakeswap's contract and paid out when you send back your LP tokens to Pancakeswap. You can do this at any time. When you send your LP tokens back to Pancakeswap you will receive your assets back, as well as any proportional fees due. Because of something called impermanent loss you may receive different amounts of tokens than you originally deposited in Pancakeswap, and the value of these tokens, relative to fiat currencies, may be different to the value you purchased the tokens at originally.
If you have LP tokens used in the VOW ecosystem, instead of them just sitting in your wallet, you can choose to stake them in the TLN smart contract for 367 days. During this time you will not be able to access your LP tokens and return them to Pancakeswap, but your tokens do not "go anywhere". They just sit in the contract, unused, and 367 days later you can withdraw them subject to repaying any borrowing capacity. You can then send them back to Pancakeswap, or re-stake. Again whatever you choose is 100% up to you.
As long as you have your LP tokens staked in the TLN contract, you will start to accumulate "borrowing capacity" in the form of TLN GOLD tokens. TLN GOLD tokens are automatically produced by the TLN smart contract at a rate of 1% a day for 150 days. For example if you stake $1,000 of LP tokens, you will receive 10 TLN Gold per day for 150 days. Additionally, you can increase your borrowing capacity when others that you have introduced to TLN choose to become Liquidity Providers and stake their Pancake Swap LP tokens. If you refer other Liquidity Providers to TLN Protocol you receive TLN Plus tokens. TLN Plus tokens operate in the same way as TLN Gold tokens; it is just useful to have different tokens to represent staking generated borrowing capacity and referral based borrowing capacity. Fees and rates of TLN Plus minting and distribution vary by referral as well as your degree of influence over that referral.
You will receive more TLN if the referral is tracked directly to you, and less, if that referral is three levels of influence away from you. It is illegal for a promoter or a participant in a trading scheme to persuade anyone to make a payment by promising benefits from getting others to join a scheme. Do not be miss-led that high earnings are easily achieved. It is important to note that TLN provides borrowing capacity not earnings, so there is no direct value to a TLN token. Moreover TLN Gold and TLN Plus tokens do not come from funds received, as no funds are received by TLN Protocol. TLN Gold and TLN Plus tokens are minted.
In order to use your TLN GOLD or TLN Plus you can:
(1) Sell them for any other currency on the market.
or, (2) use them for their utility. Which is, to take a VOW Booster Loan.
When you take a VOW Booster loan this allows the Smart Contract to programatically mint v$ on Bsc (or draw down from an existing lender) an amount of v$. These v$ are then sold to the market by a bot and buys VOW in a programatic manner to back the v$. The VOW acts as collateral for your loan.
How much VOW is allocated to your loan and how much is allocated to buying back v$ and burning them is subject to a algorthim based on v$ market price.
To use your TLN Plus or TLN Gold you must choose how many v$ you wish to borrow and then you must burn some TLN GOLD or TLN PLUS.
The numbers of tokens you burn will determine how many v$ you can borrow.
1 TLN GOLD = v$2 Booster Loan
If you opt to pay the 18% contract fee when you close the loan.
1 TLN GOLD = v$4 Booster Loan
If you opt to pay the 18% contract fee before you take the loan.
1 TLN PLUS = v$0.50 Booster Loan
If you opt to pay the 18% contract fee when you close the loan.
1 TLN PLUS = v$2 Booster Loan
If you opt to pay the 18% contract fee before you take the loan.
In the future you can send back the v$ you have borrowed to the contract and redeem your VOW collateral. It is worth doing this if the price of VOW rises, or the price of v$ falls. You must do this from 367 days after you took the loan to 372 days after you took the loan. If you do not repay in this period, the lender will receive your VOW collateral or the Smart Contract will retain it. You will then lose your ability to reclaim the collateral.
If the VOW collateral is worth more than your outstanding loan when you repay it, you will retain the collateral.
v$ and VOW are acknowledged to be registered trademarks managed by the Vow Ecosystem Foundation. This website is designed for information purposes only. It does not constitute an invitation to invest money. It is not operated, or hosted, by the Vow Ecosystem Foundation or by any company associated with it. It is explicitly stated that these entities have not reviewed this site, and have no influence over the content of this site. This site is provided as-is for the community to do with as it wishes.