Example: a new Stoic user tops up their exchange account and pays $500 as the Stoic fee on January 1, 2022. They will receive 0.6*500*1.2=360 STOICs.
Stoic’s referral & affiliate program participants will get additional rewards. Every referrer will receive 0.2 STOIC per every $1 paid by the referral. Referral, at the same time, will also receive 0.2 STOIC per every $1 paid, in addition to the normal 0.6 STOIC reward. I.e., if a user Bob invites user Alice, and user Alice is paying $200 as the Stoic fee, then Bob will receive 0.2*200=40 STOICs, and Alice will receive 0.6*200+0.2*200=160 STOICs. The referral reward also has the same Early Bird Coefficient.
Please note: users will be able to get the STOIC reward only after paying at least $100 in total fees for Stoic services. I.e. if you already have paid $50, you should first make a new deposit and then you will be eligible to receive the STOICs. Important: multi-accounts are prohibited.
Moreover, after the lock-up period, STOIC holders will be able to claim tokens on-chain and provide liquidity on decentralized exchanges for additional returns.
Idea to consider in future: governance.
There’s a chance that in the long term STOIC will have governance features and token holders will be able to vote on the direction for quant research, as well as on spending the community funds on marketing, grants, or on token-burn, or on other topics.
The main utility of STOIC is to be used to unlock unique features in the Stoic app, as well as to secure allocations in sophisticated strategies with low capacity. Here are a few examples of features that are in development:
Every historical and future paying Stoic customer is eligible to receive the STOIC reward. The rewards formula is: 0.6 * FEES * Early Bird Coefficient. This formula applies to every payment of Stoic fees and takes into account the payment’s date.
The Early Bird Coefficient is designed to reward Stoic’s early users. It ranges according to this schedule:
for Stoic users
will be available at the end of 2022. Any Stoic user who has made at least one deposit after this announcement will be able to claim their STOIC tokens.
Onchain claiming & transferring STOICs
will be available after the Strategy Switch feature is released in the first half of 2022. Every user will be able to spend their STOICs directly in the app to get an allocation in the Fixed Income strategy, the long-short strategies, in the thematic portfolios, or other unique features.
Spending STOIC tokens and new strategies, including Fixed Income strategy
Planned for late Q1-Q2 2022. Everyone who both holds CND and is using Stoic is eligible to participate in staking. Staking will ensure the fair distribution of STOIC to CND holders and will boost the CND liquidity on decentralized exchanges.
Smart contracts for staking CND, CND LP tokens, and the STOIC token contract
Over the couple of months after this announcement, we’re working on finalizing legal, product-related and other aspects of a new token launch. We will closely watch for feedback and product metrics to ensure we are choosing the best way possible.
The rewards counter is already live. 50% of STOIC’s total supply is to be mined by its users. Get your STOIC by using the Stoic bot and invite your friends. The longer you use it, and the bigger your deposit, the more STOICs you’ll get. If you’re an existing user, log in to your Stoic account to find out the estimated reward that you will be able to claim later. If you’re not into Stoic yet, sign up for Stoic now to enjoy the hedge fund-grade product and get your STOIC airdrop.
Retroactive airdrop and airdrop for using Stoic
Long-short meta strategy. Meta strategy is a combination of several long-short strategies exploiting different market inefficiencies. Meta strategy is designed to earn in any market condition, and can use BTC as a base currency.
Thematic Portfolios, such as Stoic DeFi, Stoic NFT, and Stoic GameFi. Using such benchmark-beating portfolios is an easy way to get a smart exposure on a booming sector. Instead of spending countless time and money on research, users can just use Stoic to profit from a given industry's growth.
Additional hedge changes. Normally, users can change the hedge setting up to 5 times a month. Using STOIC tokens could increase this limit. This is recommended only for pro users, as it will lead to higher transaction costs.
Other fascinating features — stay tuned to find out!
Faster hedging. The hedge setting can be applied within an hour instead of 24-48 hours (again, this is recommended only for pro users, as it will lead to higher transaction costs).
Fixed Income strategy. It’s a combination of arbitrage, carry-trade and futures trading on Binance aiming to earn stable returns with no price risk at all.