FAQ TestnetCoins.io and Tekmirio.xyz NFT Staking
FREQUENTLY ASKED QUESTIONS
May 6th, 2023 (revised July 12, 2023)
1) What is vADA and pADA?
Cardano mainnet tokens that are 100% community tokens to support SPOs and Testers running Cardano Preview and PreProd Testnet networks. Learn more at https://testnetcoins.io
2) How do you obtain vADA and pADA?
a) Become a SPO on Testnet and mint blocks
b) Setup a Testnet wallet register it with TestnetCoins and do transactions
c) Stake your NFTs at https://tekmirio.xyz
3) What are the Tokenomics?
vADA and pADA are proof of participation tokens. There was no presale, ICO or airdops. SPOs and Testers earn them with “proof of participation” on Testnet. We had a small Liquidity Boost Event last Nov/Dec when we launched that distributed to early supporters of the project. There is no vesting schedule because the team will be paid in other ways not with the tokens. There is a total supply of 49 Million of each token. We will never mint more or burn any of them. They are currently trading in small liquidity pools on MinSwap and Wingriders.
Below is the current distribution for vADA and pADA.
4) What is the utility/value of vADA and pADA?
a) Scarcity like Bitcoin. As more and more are distributed it will become harder to get them making them more valuable. When they are all distributed, the market will decide what they are worth via p2p trading. We will also implement a halvening style reduction in token emssions by cutting rewards in half at 70% tokens distributed and again at 80% and yet again at 90%.
b) We already accept vADA and pADA in exchange for our professional marketing services https://fiverr.com/santonode
c) You can also purchase one of our NFTs with vADA and pADA just let us know https://adahackers.com
5) Is the project decentralized?
a) vADA and pADA are Cardano native tokens traded on decentralized exchanges so in this context, yes the project is decentralized.
b) The emissions of vADA and pADA for SPOs, Testers and NFT stakers is currently controlled by Santo Electronics. In the future it could be automated by Smart Contracts and protocol parameters.
6) When will Tekmirio NFT staking launch?
The dApp is live at https://tekmirio.xyz
7) Does the Tekmirio dApp make use of smart contracts?
Staking and Claiming reward payments are done with new open source tools from Helios, Lucid and Koios. All other activity to query, track and calculate rewards is done off-chain. Tekmirio does not ever hold your NFT assets in the system. It is a totally liquid and non-custodial form of staking. Your digital assets are never in our possession they remain in your wallet and on the blockchain.
8) Will Tekmirio accept Crypto to subscribe to the members only staking service?
YES. We currently accept all major credit cards for the members only subscription via PAYPAL services and we also accept over 100 Cryptos using NOWPAYMENTS.
Subscribe to Tekmirio
https://santoelectronics.com/tekmirio
