Gold, O Gold!
Image generated with Nightcafe Studio
Tokenized Gold (TGLD), the second tokenized RWA by @leostrategy, was launched on November 17th at noon EST, at a discount of 10% off its peg 1:100 of GLD: TGLD, making available a total sum of 29,500 TGLD for the presale offer. Ever since then, it has been selling out fast both on Hive Engine and Base via LeoDex.
LeoStrategy has implemented great working strategies for all its released products to generate revenue consistently, to purchase LEO off the market, and to stake them permanently to increase its value.
This time around, it has a better strategy to maintain the TGLD peg once the presale offer ends, and this involves the community. The presale window is for seven days and will end on November 24th.
Just like TTSLA- Tokenized Tesla, TGLD is set to use the same model; in addition, it has higher and numerous incentives that are rewarded to the community for each of the four tiers.
TGLD grants exposure to SPDR GLD and will continue to correlate with its movement. If the price of GLD increases, the price of TGLD will also increase and vice versa, with the 1:100 GLD: TGLD. Every hour, the TGLD manager releases an update on Threads.
Yield and Incentives
TGLD comes with a base yield that ranges from 3%-25% APR, and if purchased and staked within the first 24 hours (which was later extended to 48 hours) of the presale launch, a 12% APR boost is claimed for life, making it 17% APR locked in forever (well, until you unstake them), and that's for Tier 1.
Tier 2: Lock in +8% for the next 48 hours after tier 1.
Tier 3: Lock in +5% for the next 48 hours after tier 2.
Tier 4: Lock in +3% for the next 48 hours after tier 3.
These additional APR boosts on the four tiers are applied to Hive Engine buyers.
For Base Buyers: The boost mechanics become active 48 hours after the presale ends. This applies when you LP your TGLD, and that's how you lock in +10% APR boost. If you unLP, you lose that extra boost forever.
The total APR per buyer becomes the sum of the general APR (if 5% APR is the start) and the total APR boost accumulated on each tier if TGLD was bought and staked in the different tiers or LPed on Base within 48 hours after presale.
We are in tier 4 and have less than 46 hours at the time of writing this post to lock in 3% APR boost. If you find this as a source of passive income and an opportunity to gain exposure to SPDR GLD on chain, jump right in and buy some TGLD.
There's More Incentive
This works with clocking the milestones set by the LeoStrategy team. When each milestone is achieved, all presale buyers earn the extra reward placed on it, depending on the quantity of TGLD bought. Here it goes:
Milestone 1: If 25% of TGLD is sold out, an extra 1% of TGLD will be rewarded.
Milestone 2: If 50% of TGLD is sold out, an extra 2% of TGLD will be rewarded.
Milestone 3: If 75% of TGLD is sold out, an extra 3% of TGLD will be rewarded.
Milestone 4: If 100% of TGLD is sold out, an extra 4% of TGLD will be rewarded.
A community-driven project or product tends to be successful.
Total supply for the presale offer was 29,500 TGLD, which was split equally for both Base and Hive Engine buyers (14,750 TGLD each). Currently on Hive Engine, about 37% is sold out, leaving 9,253 TGLD available and less than 20 hours for the presale to end.
If all the TGLD are not sold out before the time elapses, the remaining will be burned.
AI Tracking Manager
To track the statistics of TGLD in correlation with GLD stock price and manage your holdings, TGLD Manager (@tgld.yield) has been created to handle them all. The list of TGLD commands is listed in this screenshot below with !(tgld help). It can be used on Threads.
Zoom in for a clearer view.
TGLD Yield Preference
You can set your TGLD yield preference to HBD, LSTR or TGLD (auto compounding) for Hive Engine and USDC, LSTR or TGLD for Base with the help of the yield preference commands seen in the image above.
Note that you will receive your yield daily at midnight EST. That's juicy. If you don't even LP on Base or stake on Hive Engine, you will still receive the general APR depending on the peg policy rates.
My TGLD Holdings
With the TGLD command !(tgld me), I can easily track my holdings, effective APR, daily yield, lifetime earnings and APR boosts. You can also track yours. For now, it's recorded that I locked in a 12% APR boost and a 5% APR boost, and I'm looking forward to locking in the 3% APR boost on Tier 4. 👇
Buy TGLD and lock in 3% APR boosts on Tier 4 on Hive Engine and also on Base via LeoDex. The presale ends in less than 20 hours, at noon EST. Don't miss out.
Golden times are here; embrace them.
Thank you for visiting and taking the time to read my blog post. Kindly leave a comment.
Love from @winanda. Stay connected. 🧡
Screenshots taken are mine.
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About Winanda
 | Winanda (Ikwuoma Winifred Diala) holds a Bachelor's degree in Petroleum Engineering. She embraced her passion and became a baker, recipe developer, creative writer, and food content creator. Composing songs, listening to music, and seeing movies, are a few of her hobbies. |
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