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Retroactive Diamond Hands Ruling Vote

Voting ended over 3 years agoSucceeded

As per the community demand, we will soon introduce the Diamond Hands rules that were postponed earlier. This ruling is supposed to bring unforeseen price stability for TPAD and will reward loyal TPAD investors greatly.

However, we have now created a vote where you can vote if this should apply retroactively or not.

💎 "Diamond Hands" ruling in short: TPAD users are required to stake their TPAD and stay within their same tier for the entirety of their tokens' vesting period (for the sales they participated in) to be able to receive all future distributions/vestings. If they unstake and don't re-stake within 48 hours, their tokens will be relinquished and re-distributed to the current stakers (loyalists).

We now ask you to vote on the retroactive part of the ruling. When it comes to the retroactive part, it means it also will apply to projects before Diamond Hands rules go into effect.

The last time we announced this ruling, there were some discussions and misunderstandings, but now a much softer ruling is proposed.

For example: If a staker that participated in $BLOK back in October 2021, doesn't stake anymore, they WILL NOT be eligible to receive further distributions of $BLOK. The same goes for Gensokishi, BPAD, Sidus etc. Their tokens will be relinquished and re-distributed to the current stakers (Loyalists).

However, as the rule will apply retroactively, we are proposing a less harsh and more soft approach so if they are not staking anymore they can still receive future vestings if they re-stake based on the different options below:

Please vote for the three different options below:

👉 1) Yes, a retroactive ruling based on the tier you are staking. An explanation below.

👉 2) Yes, a retroactive ruling with a minimum staking tier. An explanation below.

👉 3) Yes, a retroactive ruling by staking at least the same tier. An explanation below.

👉 4) No to this rule.

1 - Stake any Guaranteed or All-Access Guaranteed Tier to get future vestings/distributions based on the tier you are staking

If an investor staked a certain tier and took part in a sale, they are eligible to get all the future vestings if they stake at least the same tier in some pool they made the purchase with. (7d - 1095d or LP staking)

If the tier is lower, the investor will get a proportional share of the tokens and the rest will be relinquished as Diamond Hands rewards and re-distributed to other stakers.

You need to stake for at least the Affiliate tier to be eligible (Lottery Tiers will get their share as it is).

2 - A Minimum required staking tier based on the tier you staked

If an investor stakes the same or at least the minimum required tier depending on the Tier they staked when they participated in the sale, they will get all of their future vestings.

Purchase tier – Minimum required staking tiers:

Obsidian or higher – Orbit Black – Partner Orbit – Executive Partner – Associate Executive – Club Club – Member Member – Affiliate Affiliate – Affiliate Prospect – Prospect Chance – Chance

3 - Stake the same tier you made the original purchase with or your future vestings will get relinquished.

⚠️ Please note: If the Diamond Hands retroactive ruling goes into effect, you will only be able to receive your rewards if you stake in the 365 days pool or above before August 5th 2022.

You will receive votes, vTPAD according to the following multipliers:

1x - 30 days staking 1.2x - Staked LP (worth in TPAD) 1.2x - 60 days staking 1.5x - 90 days staking 3x - 180 days staking 15x - 1 year staking 17x - 2 years staking 19x - 3 years staking

Off-Chain Vote

Yes, the tier you are staking
11.48M vTPAD14.2%
Yes, the minimum staking tier
7.14M vTPAD8.8%
Yes, at least the same tier
33.01M vTPAD40.8%
No to this rule
29.34M vTPAD36.2%
Download mobile app to vote

Timeline

Jul 24, 2022Proposal created
Jul 24, 2022Proposal vote started
Jul 25, 2022Proposal vote ended
Oct 26, 2023Proposal updated