FORSAGETRON: Decentralized Governance

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Summary:

Forsagetron Hybrid FST ecosystem where old FST will swapped with New FST with advanced facility.
DeFi ("FST") will be ready & available for buying/selling as trustless and highly decentralized financial infrastructure as before.

Abstract:

We are proposing swap facility to members with New FST tokens (HYBRID FST) which will have world's first unique algorithmic programming of token for price and quantity where anyone in the world can access financial services without fear of discrimination or counterparty risk.

Motivation:

Now rivaling centralized incumbents on FST selling volume, FST success to date achieved without involvement of any major public exchange indicates that there is considerable demand for permissionless financial token which is free from centralized and prefixed rate. Having proven product-market fit for highly decentralized financial infrastructure with a platform that has thrived independently, FST is now particularly well positioned for community-led growth, development, and self-sustainability where price of FST can go beyond $5000+.

  • The introduction of FST (TRC-20) serves this purpose, enabling shared community ownership and a vibrant, diverse, and dedicated governance system, which will actively guide the protocol towards the future.

  • 1.All old FST (holding) will calculated into USDF at purchasing rate.
    2. All staked FST will be converted into average rate of USDF.
    3. Converted FST will be reconverted into New FST and released daily by1% for withdraw/hold/trade/sell.
    4. Total new quantity 1260000 (with burning of first 540ktokens on selling)
    5.1st phase 100k
    6. Base price $1.
    7. Rest phase token will mint from community proposal & voting.
    8. Price up on every 1 new token minted
    9. Price down on every 1 new token sold
    10. Price depends upon top 20 currency. when all currency goes up ^ automatically FST price will goes up and if some goes up some goes down value will be maintained.
    11 All 20 currency average dollar value change percentage will be added to the token when it goes up and value of currency will decreases if 20 currency average percentage change goes down.
    12. All new FST purchased token will be frizzed and 1% available for dailywithdraw/hold/trade/sell.
    13. 3% deduction on every sell of the new FST . That 3% will goes to a dividend pool.
    14. Those who will deposit (HOLD) their FST in dividend pool for a certain period they will get a fix reward on their FST into wallet.
    15. Person cannot withdrawal FST until the given fix time.

  • Important Strategies behind new FST.

    1. 1st 540k tokens will be burned and out from circulation when it is sold.
    2. Rate of token is not predefined, it's now totally depends upon community and on top 20 cryptocurrency price.
    Benefit to buy FST-
    If you invest in one or two currency and suppose it comes down you will make lose. But almost never at a time top 20 currency will fall suddenly and if some coins doesn't give much movement but other are giving, you will get the ultimate benefit from it.
    3. On every buy the 6th sun value of tron will be added to new minted token and on every sell 6th sun value of tron will be decrease.
    For Example:
    Suppose price starts from $1 and 1 token sold. So when anyone buy second token the price will be 1.000001 USD. In TRX suppose 1USD = 29 TRX (on 1st FST) Than in 2nd it will be 29.000001 TRX, then it keep on increasing in that sequence for the next buy& decrease in sell.
    4. Chance of increment of price is increased to go FST beyond $5000.
    5. No bulk withdraw of community fund by whales, hence community fund is safe.
  • It will also increase new usability in existing FORSAETRON decentralized concept.
Forsagetron has always embraced the tenets of neutrality and trust minimization: it is crucial that FST is constrained to where it is strictly necessary. With this in mind, The Forsagetron DeFi framework is limited to contributing to both protocol development and usage as well as development of the broader Forsagetron Hybrid Ecosystem.

Specification:

In doing so, FST officially enshrines FORSAGETRON as publicly-owned and self-sustainable infrastructure while continuing to carefully protect its indestructible and autonomous qualities.

For : Vote Up (515)

Against : Vote Down (1)



Comment

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Votes 516

TCyXd...5EVSB
Agreed on proposal
TSb1f...pYWyz
Agreed on proposal
TKF9c...w7tRc
Agreed on proposal
TUufq...HXHw4
Agreed on proposal
TVm46...v5eSd
Agreed on proposal
TS5UN...ULzkV
Agreed on proposal
TR2Vr...k9gSv
Agreed on proposal
TKamv...XpXbE
Agreed on proposal
TDAkV...HMHc3
Agreed on proposal
TThfW...VGZwr
Agreed on proposal


Informations

Proposer
Core
Start date 17/12/2020 17:33
End date 18/12/2020 17:33
Position Proposer
Hits 1116
Visitors 1317

Results

Agreed on proposal 196.56%
196.56%
Keep things 0.38%
0.38%


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