FAQs: TRS Diamond Circle HODL
Q: What is the TRS Diamond Circle HODL Program?
A: The TRS Diamond Circle HODL Program offers community members who participated in the BCW Pre-sale the opportunity to receive bonus $FAN tokens by holding (HODL) their tokens on the Film.io platform for a selected period.
Q: Who is eligible for this program?
A: The program is available exclusively to community members who participated in the BCW Pre-sale.
Q: What are the lock-up periods and bonuses?
6-Month Lock-Up: 50% Bonus
12-Month Lock-Up: 100% Bonus
Q: Are the $FAN tokens usable during the HODL period?
A: Yes, all $FAN tokens opted to HODL will remain fully usable on the Film.io platform during the selected period. After the HODL period, these tokens can be removed from your platform wallet according to the remaining token unlock schedule.
Q: What tokens are included in the HODL program?
A: All $FAN tokens in your wallet at the time of sign up, based on a snapshot, are included in the HODL program. These tokens will be eligible for the HODL program benefits according to the selected period or term.
Q: What is the unlock schedule for bonus $FAN tokens?
A: Bonus tokens will unlock over their own 12-month Token Release Schedule (TRS) starting from the end of the HODL period. For example, if you lock 1 million $FAN tokens for 12 months with a 2x bonus, you will receive 1 million additional bonus tokens, which will unlock over the following 12 months.
Q: Are the decisions related to the program reversible?
A: No, all actions taken under this program are permanent. Once you opt into the HODL period and receive your bonus $FAN tokens, these decisions cannot be undone.
Q: Can I transfer or withdraw my tokens during the HODL period?
A: No, all $FAN tokens in your wallet at the time of signing up for the program are locked for the selected HODL period. They cannot be withdrawn or transferred until the lock-up period ends.
Q: Are token transfers out allowed during the lock-up period?
A: No, all token transfers out will be suspended during the lock-up period. This means that even tokens transferred into your wallet after joining the program will also be locked and cannot be moved until the period ends.
Q: What happens at the end of the lock-up period?
A: At the end of the lock-up period, the initial $FAN tokens can be removed from the platform wallet based on the original token unlock schedule. The bonus tokens will begin unlocking over a 12-month period.
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