Overview

This snapshot is opened to provide the Trava community with the chance to vote for reasonable parameters, including delay time, bridge fee, the maximum amount of tokens transferred in 24 hours, and the maximum amount of tokens of each transaction.

By doing that, we hope to improve the rTRAVA bridge to be a practical, effective feature that helps users to transit their rTRAVA effectively and participate in various programs, especially in locking tokens in the Trava Governance vault to get voting power and rewards.

Motivation

However, because the Trava Governance vault is now deployed only on the BSC, that stops users from locking rTRAVA in the Trava Governance vault to attain more power and benefits. For that reason, the rTRAVA bridge will be implemented to solve this problem, allowing users to transfer rTRAVA from Ethereum and Fantom to BSC quicker and cheaper.

While using this feature, users need to pay a small bridge fee and follow some particular rules.

Given that the community now owns the Trava Governance, we would like to open a snapshot for users to vote for the change of these parameters. The recommended modification is shown below:

	Option 1	Option 2
Delay time (1)	5 minutes at maximum	5 minutes at maximum
Bridge Fee (2)	20 TRAVA + 2% Amount Token	300 TRAVA + 1% Amount Token
Maximum amount of tokens transferred in 24 hours	500,000	500,000
Maximum amount of token for each transaction	50,000	50,000

• Delay time: The period you need to wait for implementing the transaction.
• Bridge Fee: The fee (in TRAVA) you need to pay for each transaction using the rTRAVA bridge.

Examples for calculating the bridge fee:

	Option 1	Option 2
Transfer 10,000 rTRAVA	220 TRAVA (20 + 2%*10,000)	400 TRAVA (300 + 1%*10,000)
Transfer 50,000 rTRAVA	1020 TRAVA (20 + 2%*50,000)	800 TRAVA (300 + 1%*50,000)
Notes	This option is the better choice for transfer a small number of rTRAVA	This option is the better choice for transfer a significant number of rTRAVA
Maximum amount of token for each transaction	50,000	50,000

Voting options:

Cast your voice now and decide between: 🛡Option 1 🛡Option 2