Premium Membership (TBA)
Last updated
Last updated
Membership is a unique Corepound built-in function that seeks to multiply users’ interest. When users lock 50 USDT monthly in the Membership Pool (Non Refundable). The Corepound premium pool operates on a simple yet efficient model: every 24 hours, $1.67 is deducted from the user’s locked balance. In exchange, users instantly receive a soul-bound ERC5484 token, serving as proof of their Premium Membership. Users can conveniently top up their locked balance at any time, though Corepound exclusively supports 50 USDT increments for top-ups. To ensure the membership management is transparent and fair, once the locked balance reaches zero, the soul-bound token is automatically burned and permanently removed from the user’s wallet.
Two benefits are open to premium members, Multiplier CorePlus and Special Dispensation. However, please NOTE that once a user does not have the soul-bound ERC5484 token, their premium membership is canceled. Multiplier CorePlus and Special Dispensation will be suspended immediately.
Multiplier CorePlus is an upgraded multiplier eligible to all vaults. It is an extra 2x Multiplier of generating Points. In order to make a distinction, the extra Points from Multiplier CorePlus are locked until the next Season. Premium members can check CorePlus Board to see how many extra Points have been accumulated via Multiplier CorePlus. In the case of the cancellation of premium membership where Multiplier CorePlus is suspended, the users’ extra Points will be counted and locked. They can either top up at least 50 USDT to reactivate the premium membership and restart earning extra Points or wait until the next season to claim them.
For instance, User A (a premium member) stakes 100 US-dollar value in CORP vault, they will receive 3.6 Points (0.03*$100*1.2x Multiplier) +3.6 extra Points (2x Multiplier CorePlus) per hour.
In comparison, User B (not a premium member) who does the same only receives 3.6 Points per hour.
Special Dispensation entitles premium members to a host of exclusive privileges, including more benefits and unique opportunities within the Corepound ecosystem. One key advantage is the access to exclusive airdrops and buybacks. Premium members will gain early rewards and benefit from the platform's strategic initiatives. Another hype-up is the dedicated bonus pool or special staking pool with tailored rewards and higher returns.
Premium members have more say in Corepound governance. A 1.5x multiplier on DAO voting power allows them to play a significant role in Corepound decision-making that will benefit the whole community. On top of the above-mentioned privileges, premium members enjoy early access to future features, such as leverage strategies.
