Following a successful and oversubscribed presale and IDO, Formation Fi is happy to announce its Early Adoption program launch.
According to the Formation Fi, a leading DeFi project that creates the next generation of Yield farming protocol, the Early Adoption program will allow early Holders of $FORM to connect their private wallet and start earning their Early Access Tier Cards.
The Program was reportedly created to incentivize organic growth of the ecosystem by conducting the fairest possible distribution. In addition, the Program will allow the Formation Team to monitor community members and ensure quality holders are rewarded for their early adoption in the protocol.
Formation Fi explained:
“TODAY, we announce our Early Adoption Program to ensure that all of our $FORM holders are taken care of and enjoy extra juicy rewards when ALPHA v1 Launch takes place. Like we promised, the ALPHA v1 is still scheduled to be delivered in Q3.”
The Program was launched on July 1 and will be running until July 4 at 18:00 UTC. To participate in the Program, holders will have to connect with the Formation Fi app. Holders are required to have a certain amount of the $FOM tokens either in ER20 OR BEP20. The team will then take a snapshot to check the holders’ tier and qualification status. The Formation Fi tiers have been divided into four main groups. These include $FORM Silver: Holding 2,500–9,999 FORM, $FORM Gold: Holding 10,000–34,999 FORM, $FORM Diamond: Holding 35,000+ FORM and $FORM Black: Holding 50,000+ FORM
After July 4, the team will launch the second and final snapshot process from July 31 to August 3. If a holder does not have enough $FORM during the second and final process, they will not qualify at the final snapshot. In addition, during the second round, holders will be allowed to upgrade if they qualify from the first round.
Notably, each tier will provide a different Multiplier bonus once the ALPHA v1 is live. In addition, more features like extra juicy APY, early access to specific pools, and airdrops will soon be launched on the platform.
To reward holders participating in the Program, the team has allocated 6 million FORM tokens distributed among the early cardholders. Also, these holders will have access to Formation Fi’s dark pool limited liquidity pools. In addition, they will be eligible for airdrop of our partner projects as soon as announced. Lastly, all tier early adopters holders will also be able to earn extra APY on ALPHA V1.
