Skip to content
New issue

Have a question about this project? Sign up for a free GitHub account to open an issue and contact its maintainers and the community.

By clicking “Sign up for GitHub”, you agree to our terms of service and privacy statement. We’ll occasionally send you account related emails.

Already on GitHub? Sign in to your account

Give a different name to Time locked tokens to make them easier to spot. #2

Open
individualpirate opened this issue Nov 6, 2019 · 2 comments

Comments

@individualpirate
Copy link

Renaming suggestion for time locked tokens. In order to clearly distinguish time locked backend FSN time locked frontend FSN and regular FSN I would suggest calling them different things and clearly listing what each is capable of. Would also suggest splitting them into different token categories on the swap market.

FSN
Can be sent to exchanges
Can be split into FFSN and BFSN between two wallets
Can be traded on Swap market
Can be sent between wallets

FFSN (time locked frontend FSN)
The start time of the time lock of FFSN can be in the past, right now, or it can be in the future. The end time is in the future, but not at infinity
Is lost at the end of the time-lock
If start time of time-lock is not in the future 5000 FFSN and the end time is more than 30 days away it can be staked to run a node and purchase tickets to receive rewards as signing node
Can be traded on Swap market
Can be sent to a staking pool, which promises to distribute staking rewards
Can be used to convert BFSN into FSN if the time lock ends at the same time or after the time connected to the BFSN
Can be sent between wallets, but not accepted by exchanges
As FFSN will eventually disappear a holder of FFSN should not be regarded as a holder of FSN

BFSN (Backend time locked FSN)
The start time of the time lock of BFSN is in the future and the end time of the time lock in is at infinity.
Is converted to FSN at the start time of the timelock
Can be traded on Swap market
Can be converted into FSN by use of FFSN if the time lock ends at the same time or after the time connected to the BFSN
Can be sent between wallets, but not accepted by exchanges
As BFSN will eventually become FSN a holder of BFSN should be regarded as a holder of FSN

@zhaojun-sh
Copy link
Member

Good idea. Can you write an article about timelock? The FOSC community now has this reward program. https://medium.com/@fusionprotocol/2-million-fsn-open-source-campaign-progress-report-november-12-b92e0cb4848f?source=---------3------------------

@individualpirate
Copy link
Author

I would be very happy to do so, but perhaps I should hold off until an update is made in their presentation? It'd make for a better article if written after such a change.

Sign up for free to join this conversation on GitHub. Already have an account? Sign in to comment
Labels
None yet
Projects
None yet
Development

No branches or pull requests

2 participants