TrustFi Insurance Shield (TIS) — TrustFi Launchpad’s Improved Insurance Protocol

We are proud to announce that TrustFi Launchpad will enact a new, optional improved insurance protocol “TrustFi Insurance Shield”.

Additionally, TrustFi Launchpad’s General Refund Protocol will include some modifications which will be detailed down below.

As always, TrustFi strives to create the optimal grounds for all parties. With great versatility and all the resources we need at our disposal; we will continue to adapt with the aim of minimizing uncertainties, optimizing exposure and diversification in many dimensions.

👉Read About Our 2-Day Unconditional Refund Protocol: TOR

What is TrustFi Insurance Shield (TIS)?

TrustFi Insurance Protocol is an optional, improved insurance protocol that protects presale investors throughout the sale deal’s pre-determined vesting period. When TIS is active, TOR (2-day unconditional refunds) is inactive.

TrustFi Insurance Protocol (TIS) is triggered when a TIS-protected IDO project tokens perform under the IDO price for 7 consecutive days, and all IDO participants are refunded the remainder of the vesting.

The TIS protection for the first portion of vesting schedule (TGE distribution) is nullified if the token price sustains the IDO price for 4 hours after distribution.

Exceptions to the Protocol

• If the project achieves and sustains 100% ROI for 4 hours in the first 24 hours after the TGE token distribution, the TIS protocol is nullified (e.g. if a project with 20% vesting at TGE sustains 5 times IDO prices as the minimum price for 4 hours continuously in the first day of listing, they are no longer subject to the TIS protocol rules)
• If a project has 100% TGE vesting, and agrees to TIS protocol, they only need to sustain IDO price for 24 hours, in accordance with the above exception

Our upcoming IDO Raceway X (on August 29) will be TIS-protected with 100% TGE vesting!

• If a project agrees to TIS protocol, they are exempt from any additional monetary penalties that may occur via the General Refund Insurance we execute by default in all IDOs
• If TrustFi detects intention to exploit the TIS rules (such as resetting the trigger countdown by making large null-trades) or similar ill-intent, the community will be informed and a DAO Vote among holders will take place regarding the course of action

The General Refund Protocol

The following conditions for Full Refund event apply to all TrustFi IDOs. General Refund Protocol triggers when there is a clear, unfair disadvantage for TrustFi Launchpad users spanning a variety of potential reasons. Here is the updated protocol:

• Failure to ensure that all IDO-round participants receive their tokens timely, without unfair advantage, during distribution will trigger refund
• Failure in adding and locking the pre-agreed amount of liquidity upon 1 hour of listing, unless a delay is announced, will trigger refund
• Failure to adhere to the pre-agreed vesting schedule and initial market capitalization during TGE will trigger refund
• Lack of communication and information in the period until the listing, or the presence of significantly unprofessional actions and behavior by project teams towards TrustFi team, investors or any other Ecosystem stakeholders will trigger refund process