Grazing Range Pool#49 — Welcoming TINC to the herd!
We senior alpacas are happy to welcome our newest addition to the range — Tiny World.
With this partnership, all you alpacas will be able to open leveraged yield farming positions up to 2x on PancakeSwap’s TINC-BNB pair, which currently yields ~156.94% APR in CAKE Rewards! The pool will go live on May 5th, 2022 at 10 AM GMT.
As part of the Grazing Range program, you’ll also be able to earn $200k USD in TINC rewards by staking ALPACA in the governance vault, which will be distributed over 8 weeks.
Leveraged yield farmers in the TINC-BNB pool will also receive bonus ALPACA rewards, on top of the leveraged yield farming rewards and trading fees.
🎁Grazing Range Reward Details
Total Rewards: 105,000 TINC(~$200k USD)
TINC Token: 0x05ad6e30a855be07afa57e08a4f30d00810a402e
Rewards Period: 8 weeks
Rewards Start Date: May 5th, 2022
Rewards End Date: June 30th, 2022
Exclusive NFT Cards for Pool’s Stakers
To be eligible, you must stake ALPACA in the governance vault during the first 4 weeks of the Grazing Range campaign starting from before May 5th 00:01 UTC until at least June 2nd. The NFT tier you receive will be based on the amount of your xALPACA balance during that entire period. (Since xALPACA balance naturally decreases over time, make sure to watch yours)
- Green Tier: held at least 500 xALPACA
- Silver Tier: held at least 5,000 xALPACA
- Gold Tier: held at least 50,000 xALPACA
About Tiny World
Tiny World is a diverse trading game universe that combines NFTs, DeFi and fun gaming to bring an exciting P2E experience to the BNB chain ecosystem. The team’s vision is to build a sustainable, global gaming platform that will help to improve the playability of blockchain games through strong economic solutions, community influence and enjoyable gameplay. With over 8000 users in the first month, Tiny World has made a big splash in the GameFi scene, with TVL on the platform exceeding $150M and NFT sales over $15M in 7 weeks!
In their fully on-chain ecosystem, BNB Chain users can provide liquidity and earn TINC token rewards with some great APRs. Mint Tiny Hero NFTs fairly with TINC tokens or purchase from the dedicated marketplace for BUSD. Stake Tiny Heroes to NFT yield farm to earn more TINC yields. You can even boost your TINC-BNB LP returns by staking a Tiny Hero NFT with TINC-BNB LP tokens with their unique liquidity boost accelerator.
Start your HUGE P2E adventure by collecting Tiny Hero NFTs and battle to defeat the evil enemies for amazing earning potential in the epic RPG, Tiny Kingdom. Trade everything for BUSD in the dedicated P2P marketplaces, and with the game being off-chain, there are no nasty gas fees. With more gameplay to be introduced over the next year including BOSS battles and PvP arena, Tiny Kingdom offers users many different ways to play and even more ways to earn!
A revolutionary community governance feature that collects the majority of fees on the platform. TINC stakers will obtain veTINC which can be used to vote on how these treasury funds are spent within the ecosystem, keeping a closed-loop economy that is built for long-term sustainability. Holding veTINC will also improve your P2E capabilities in Tiny Kingdom.
With more games on the horizon like Tiny Dungeons, new NFTs and even the Tinyverse, Tiny World is proving to be one of THE GameFi projects to watch in 2022!
🔒Security Scorecard on Tiny World
Have the contracts been audited by professional auditing firms?
Yes, we have been audited by Certik. Please see the audit report here.
What is the project’s inception date?
The project was launched on 7th of March, 2022.
Has your project even been involved with a hack of exploit?
No, we have never been hacked or exploited.
What safety measures are in place to secure your protocols from centralization risk? What contracts are not under timelock? Who has multi-sig?
The GameFi project is complex and updates quickly so we don’t set any timelock for now.
Does your token have a maximum supply cap?
Yes, The maximum cap for TINC is 1,000,000,000.
Mint function. If Token does not have maximum supply, how is the mint function controlled?
Centralized treasury. If the protocol collects fees, where do they go and how are they controlled? Is there any kind of treasury or insurance fund under centralized control?
The protocol fees will go to Tiny DAO. The users will then decide how to use the treasure funds.
Migration Function. Is there a migration function in the code? Why is this there and how to control this function from making a malicious action?
Upgradeable contracts. Are the contracts upgradeable? Why is this there and how to control this function from making a malicious action?
NFT-related contracts are upgradeable.
Third-party risk. What underlying external parties do your contracts rely on?
Our contracts do not rely on any external parties.
Where are tokens currently listed?
We are listed on Pancakeswap.
Please briefly describe the utility of your tokens and all the relevant tokenomics (e.g., burn, staking, locking, etc.)
There are many different utilities for $TINC:
- Spend: Mint NFTs and purchase items in games to improve P2E capabilities
- Stake: Lock $TINC for game buffs, rewards and voting rights
- Earn: Through staking rewards from LP staking, single token staking, NFT staking, and reaching game leaderboards
- Burn: 80% of $TINC spent for minting NFTs is burned
- Buyback: Majority of platform fees diverted to TinyDAO, and back into the ecosystem
Does your token have any advanced mechanics such as deflationary/rebase/reflexive?
Please share your project’s roadmap
Please see our project’s roadmap here.
What % of the token supply is/will be controlled by the team?
15% of token supply is controlled by the team.
What % of the token supply is controlled by investors? What is the token distribution model?
8% of token supply is controlled by investors.
Please share the profiles of key team members
We have 20 full-time employees located in Asia and Europe. Our co-founders all worked at a unicorn company for 10+ years. The team has 3+ years of blockchain game operation and development experience.
What monitoring or controls do you have in place that could catch issues, functions, or delay attacks to protect assets?
We have the ability to stop all the NFT-related contracts in 1 minute.
Do you have a bug bounty program in place/planned?We’re able to stop all the contracts in 1 minutes
Yes, we have a bug bounty program. However, it’s not public and we only do a bounty with our affiliated tech group.
Safety practices. Is there someone dedicated to security on the team? Does your git include your test/QA scripts? Describe your current IS/QA processes? Will you commit to auditing your code at least quarterly/semi-annually/annually and for major updates and releases?
We will audit our code after major updates.
To learn more about Tiny World, you can visit their official communication channels:
Grazing Range Pool#49 — Welcoming TINC to the herd! was originally published in Alpaca Finance on Medium.