Second Skin NFT Staking Reward Voting

After the Second Skin Staking was announced last Friday, there was request from some community members to receive TAVA token rather than stable USDT. We respect the voice from community and meanwhile have to seek the best solution for the project in overall.

Considering the difference of initial circulation, comparing with existing commucation with exchanges, may cause additional uncertainty of CEX listing, there shall be lock-up if the community choose to receive TAVA token.

After TAVA token’s CEX listing, NFT staking function will be executed as planned with the secondary transaction royalty pool.

The amount of reward will be calculated by 60% initial APY with the basis of below indicator:

• Second Skin price: The latest public minting price 0.6 ETH
• TAVA token price: The latest public sales price 0.3 USD
• ETH price: The price at the starting day of the staking (Coinmarketcap : https://coinmarketcap.com/currencies/ethereum/)

[Choices]

1. Rewarding token: USDT A. Staking Date: 15th June as planned B. Staking Period: 60 days C. Distribution: Airdropped when the staking ends without lock-up D. Snapshot & Airdrop

   • Snapshot Date: 6/15, 8/14 (00:00:00 EST)
   • If NFT holders have the same NFT at both Snapshot points (6/15, 8/14), USDT will be airdroped on 8/17

2. Rewarding token: TAVA A. Staking Date: 15th June as planned B. Staking Period: 60 days C. Distribution

   • The distribution date starts on the date 1 month after the first CEX listing (the “Cliff Date”)
   • Vesting Schedule: 20% of the total reward will be unlocked every month since the Cliff Date

3. Users can select the rewarding scheme: A or B A. Staking Date: 22th June (additional development needed) B. Staking Period: 60 days C. Distribution: Same as option A or B