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 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 TLN smart contracts . 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.
TLN is a smart contract, not a company.
Once you have bought VOW and v$ from a centralized, or decentralized, exchange you are now exposed to the market dependent value of the VOW and v$ you hold.
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 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 the world's largest decentralized exchange, 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 VOW and v$ you can choose to deposit them (as liquidity) in the VOW / v$ 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 VOW and v$ and then adding them to Pancakeswap directly. Because LP tokens may trade for more, or less, than the VOW and v$ they each represent, you could gain, or lose, by purchasing LP tokens instead of VOW and v$. Once again, the best thing about defi is that only you can sign every transaction, so no one else makes a decision for you.
As soon as you've deposited liquidity (or are holding your LP tokens) you will receive an ongoing share of the VOW / v$ pool's 0.3% trading fees. These fees are accumulated as people and bots trade through the pool of liquidity that you have contributed to. It is anticipated, but by no means gauranteed, that these fees will grow, if the VOW ecosystem grows and more trading is necessitated.
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.
Once you have LP tokens, 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. 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 tokens. TLN are automatically produced by the TLN smart contract. Additionally, you can increase your borrowing capacity when others that you have introduced to TLN choose to become Liquidity Providers and stake their Pancakeswap LP tokens. Fees and rates of TLN minting and distribution vary by referral as well as your degree of influence over that referral.
For example, 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.
In order to use your TLN borrowing capacity you must choose how many v$ you need (for example v$1000) and then you must burn (in this example) 1000 TLN, as well as post $1000 USD worth of VOW as collateral. The borrowing contract will release you v$1000. Interest of 18% will be deducted at inception of the loan and is paid to the lender by the smart contract. You can spend, send or swap your v$ as you desire.
At some point in the future you can send back v$1000 to the contract and redeem your VOW collateral. It is worth doing this if the price of VOW rises, or the price of v$ falls. You currently have 367 days to do this or the lender will receive your VOW collateral. If the VOW collateral is worth more than your outstanding loan when you repay it, you will retain the collateral. If the collateral is worth more and you default, the lender will charge an additional 18% late payment fee and then your collateral (up to the value of your loan) will be delivered to the lender. Any remainder remains yours and can be withdrawn.
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.