Staked TAROT (xTAROT) is setting new standards in the decentralized finance (DeFi) ecosystem. Operating on the Fantom platform, xTAROT provides users with not only potential financial rewards but also a significant role in protocol governance. Born from a commitment to creating a robust and participatory ecosystem, Staked TAROT enables holders to influence key decisions while earning through staking. Dive into this compelling new chapter in crypto and explore how Staked TAROT is fostering a more decentralized and prosperous future for all its stakeholders. Let’s uncover what makes this token a cornerstone of the Tarot Protocol.

What is Staked TAROT (xTAROT)?

Staked TAROT (xTAROT) is a cryptocurrency token that operates on the Fantom platform. It is a staked version of the TAROT token, which is used for protocol governance in the Tarot ecosystem. By staking TAROT for xTAROT, token holders can participate in decision-making processes and help shape the future direction of the project.

Purpose and Utility of Staked TAROT

The primary purpose of the Staked TAROT token is to provide a mechanism for token holders to earn rewards and participate in the governance of the Tarot protocol. By staking their TAROT tokens, holders can earn xTAROT tokens, which can be used to vote on proposals and influence the direction of the project. This helps to align the interests of token holders with the long-term success of the project, as they have a direct stake in its governance and decision-making processes.

Unique Features and Benefits

Staked TAROT offers several unique features and benefits that set it apart from other tokens:

1. On-Chain Governance: xTAROT enables on-chain governance of the Tarot Protocol, allowing stakeholders to govern and shape its future by maintaining key parameters, fees, and rates, and determining the distribution of fees accrued to the protocol reserves.
2. Enhanced Yield: Staking TAROT for xTAROT offers enhanced yield by supplying staked TAROT in lending pools, increasing liquidity across multiple lending pools, and collateralization via the composable xTAROT token.
3. Auto-Compounding: xTAROT is auto-compounding, which increases the xTAROT/TAROT exchange rate over time as staked TAROT is supplied to multiple lending pools and further increases as protocol fees are used to buy back and distribute additional TAROT rewards to xTAROT holders.
4. Participation in DAO Governance: xTAROT holders can participate in Tarot DAO governance, allowing them to shape the future of the protocol.
5. Partner-Incentivized Pools: xTAROT can be staked in partner-incentivized pools for additional rewards.

Tokenomics and Distribution Model

The tokenomics of Staked TAROT involve staking TAROT tokens to receive xTAROT, which represents a share of the xTAROT staking pool. The total supply of TAROT tokens is 100,000,000, with the following allocation:

• Farming Rewards: 59,000,000 (59%)
• Protocol Growth: 19,000,000 (19%)
• Core Team: 13,300,000 (13.3%)
• LGE Participants: 3,200,000 (3.2%)
• Early Tarot Users: 3,000,000 (3%)
• Initial Liquidity: 2,500,000 (2.5%)

Vesting Periods and Lock-Ups

The tokens allocated to farming rewards, protocol growth, and the core team have a 4-year vesting period. LGE participants and early Tarot users have a 1-year vesting period, while initial liquidity tokens are unlocked from the beginning.

Claimable TAROT tokens with a 4-year distribution use an unlocking curve that reduces the rate of unlocking by 2.4% every ~2 weeks. Claimable TAROT tokens with a 1-year distribution use a faster unlocking curve that reduces the rate of unlocking by 2.4% every ~3.5 days.

Inflation Control Mechanisms

To control inflation, the tokenomics of Staked TAROT include mechanisms such as token burning and staking rewards. The Farming Rewards Program has been replaced with a new incentives program to more effectively use TAROT emissions in a variety of ways to benefit the Tarot Protocol. The protocol reserves receive shares allocated to base farm weights and direct pool voting, promoting a more decentralized ecosystem.

Market Data and Performance

As of the latest data, Staked TAROT has a current supply of 11,339,675 with 0 in circulation. The last known price of Staked TAROT is $0.13586883 USD, and it has seen a price increase of 0.08% over the last 24 hours. It is currently trading on 5 active markets with a trading volume of $679.79 over the last 24 hours.

Coin Statistics

• Current Price: $0.0571
• Market Cap: $0.00
• 24h Price Change: 2.33%
• 7d Price Change: 53.19%
• 30d Price Change: 54.54%
• 24h High: $0.0571
• 24h Low: $0.0558
• All-Time High: $0.5786 (2022-04-02)
• All-Time Low: $0.0157 (2023-11-22)
• Circulating Supply: 0.00
• Total Supply: 11,339,675.00

The Team Behind Staked TAROT

The team behind Staked TAROT includes professionals with diverse backgrounds and expertise in the blockchain and relevant industries. While specific information about individual team members is not readily available, the team is committed to enhancing the utility and accessibility of DeFi solutions, offering users innovative ways to engage with the ecosystem.

Track Record and Achievements

The team's efforts have resulted in a versatile platform that caters to both investors looking for passive income through staking and those seeking more active financial strategies like lending and yield farming. Staked TAROT operates on the Fantom platform, a blockchain known for its fast transactions and low fees, making it an attractive option for DeFi projects.

Conclusion

Staked TAROT (xTAROT) is more than just a token; it is a gateway to decentralized finance and governance on the Fantom platform. With its unique features, robust tokenomics, and a dedicated team, xTAROT is poised to play a significant role in the future of DeFi. Whether you are an investor looking for passive income or an active participant in protocol governance, Staked TAROT offers a compelling opportunity to be part of a decentralized and prosperous future.

For more information, visit Tarot Protocol.

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