🪐 Good news for Smart Cycle 2 participants!
While the Smart Contract is being developed, we’ve decided to improve the terms before launch: reduce the Platform fee and simplify the cycle lineup.
💰 A lower fee means more funds remain in the system
The Platform fee is being reduced from 7% to 6% of incoming funds.
We’re reducing the company’s share of inflows so that more funds remain in the system for participant payouts.
⏳ Why wait a full day to try the system when you can test it in five minutes?
The one-day cycle largely served as a way to try the system: create a cycle, see how it works, and check the payout process.
Contract Test already serves this purpose. Its five-minute term lets participants go through the steps from creating a cycle to its completion and check their interaction with the Smart Contract. There is no need to wait a full day for this test.
That’s why we’re removing the one-day plan. Contract Test will remain available for exploring the system, and the shortest Lockup Flow term will now be five days.
📊 Lockup Flow plans and Delta
🔸 Momentum - 5 days · +2%
🔸 Confident - 10 days · +5%
🔸 Trust - 20 days · +12%
🔸 Premiere - 30 days · +21%
🔸 President - 40 days · +32%
🔸 Imperium - 50 days · +45%
🔸 Marshal - 60 days · +60%
The percentages show Delta calculated for the full cycle term. The return of the contributed amount and payment of Delta are scheduled for the end of the term.
🚀 We’ll add these changes to the Smart Contract before Smart Cycle 2 launches. Preparations continue, and we’ll keep you updated on our progress.
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