TFS Token : the next big thing in crypto

Md Arif
5 min readJul 26, 2021

Hello, on this occasion I would like to inform you of a project called TFS Fairspin, which is an international online platform with a user pool of more than 300,000 users worldwide. By introducing new tokens to the platform along with new features & opportunities that will drastically change the way users interact with the Fairspin platform. The TFS token is a new digital cryptocurrency that will be used in the platform as a standard payment method and opens up new opportunities to reward players playing on Fairspin. TFS is a digital currency that will serve as an alternative payment method within the platform and will open up new opportunities to reward players for actively playing and using TFS tokens within and beyond the boundaries of the platform. With the help of TruePlay to support the loyalty program and introduce new features to the platform that will attract new users globally.

What is TFS tokens?

Before going any further, I will first explain about the TFS Token and also what its purpose is. So, what is meant by TFStoken is a type of digital currency that has unique characteristics and interesting features. The main function of the FTS token is to serve as an alternative payment method on the Fairspin platform, replacing our current loyalty program and being safe to use. on the other hand each User has the right to transfer, withdraw or exchange TFS for fiat at any time.

Key Points of TFS tokens

TFS is an ERC20 token.
TFS is a deflationary token with limited supply, meaning it offers a limited total token supply and regular monthly buybacks where a certain percentage of tokens are withdrawn from circulation.

Truemining tokens is allowed. TFS tokens will be credited to all players at the end of the playing day as a reward for playing.

TrueStaking tokens will be available via the TruePlay widget on the platform dashboard.

Token issuance is governed by a smart contract which will generate a number of TFS tokens based on the current exchange price and daily GGR.

What is Fairspin?

We’ve been always looking towards blockchain as the next step in our evolution process towards openness and security as a platform. This is one of the primary reasons why we’ve decided to partner with TruePlay to help us tokenize our loyalty program and introduce a token of our own that will circulate within the platform.

TruePlay is a secure business tokenization platform that will grant us access to its ecosystem and open new possibilities to us and players alike with the release of the TFS token.

Business Features and Opportunities

Play
Mine TFS tokens for
keep playing on Fairspin

Stake
Use the trueStake option
to multiply TFS tokens

Exchange
Withdraw, buy or sell

Tokenomics & Token allocation

TFS tokens are credited to the user’s account as a reward directly after placing a bet
TFS token has a deflationary model component
Staking of tokens is allowed more than 37,5% annual reward

Mining of tokens is allowed
TFS token can be deposited, staked and withdrawn any time directly with TruePlay Widget platform
Allocation of Tokens

1st Stage
The distribution of TFS will kick off with 3 rounds of a Private Sale, Pre-Sale and a Dutch Auction with a limited supply of 15 million tokens listed for sale.

Token price on each rounds will be set at:
0,1 $ on Private Round
0,15 $ on Pre-Sale Round
On Dutch Auction price starts from 1 $ with 0,2 $ as a reserve price.

2nd Stage
After the sale of tokens is complete a pool of 10–20% of tokens sold at the auction will be moved to Uniswap with the final auction price increased by 50–100%.

3rd Stage
The token staking program is unlocked via the FairSpin dashboard where you can store your tokens for profit

Staking options
1 day — Reward pool 1% from FairSpin GGR
3 days — Reward pool 3% from FairSpin GGR
7 days — Reward pool 8% from FairSpin GGR

4th Stage:
Token distribution program will be announced with a limited emission to 20% instantly and 2% every week, which users can claim anytimeTokenomics & Token allocation

TFS tokens are credited to the user’s account as a reward directly after placing a bet
TFS token has a deflationary model component
Staking of tokens is allowed more than 37,5% annual reward

Mining of tokens is allowed
TFS token can be deposited, staked and withdrawn any time directly with TruePlay Widget platform
Allocation of Tokens

1st Stage
The distribution of TFS will kick off with 3 rounds of a Private Sale, Pre-Sale and a Dutch Auction with a limited supply of 15 million tokens listed for sale.

Token price on each rounds will be set at:
0,1 $ on Private Round
0,15 $ on Pre-Sale Round
On Dutch Auction price starts from 1 $ with 0,2 $ as a reserve price.

2nd Stage
After the sale of tokens is complete a pool of 10–20% of tokens sold at the auction will be moved to Uniswap with the final auction price increased by 50–100%.

3rd Stage
The token staking program is unlocked via the FairSpin dashboard where you can store your tokens for profit

Staking options
1 day — Reward pool 1% from FairSpin GGR
3 days — Reward pool 3% from FairSpin GGR
7 days — Reward pool 8% from FairSpin GGR

4th Stage:
Token distribution program will be announced with a limited emission to 20% instantly and 2% every week, which users can claim anytime

Conclusion

TFS is a digital currency that will serve as an alternative payment method within the platform and will open up new opportunities to reward players for actively playing and using TFS tokens within and beyond the boundaries of the platform. Our partnership with TruePlay has helped us mark our loyalty program as well as introduce new features to the platform that will attract new users globally. We are excited to invite you all on this journey with us and lead the way towards the future of Fairspin crypto. I also believe that this project can achieve great success in the future.

For more information, visit the link below|

Website: http://tfstoken.com/
Twitter: https://twitter.com/tfsinfo?s=11
medium: https://tfstoken.medium.com/
Telegram Channel: https://t.me/tfstoken_channel
Telegram groups: https://t.me/tfstoken_group

Author
Bitcointalk username: arif90900
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2860264
Bsc wallet address: 0x4684D5425202BfcD37EbC6d48A6705E16FfbFFd4

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