Transition Labs

Expect the unexpected

Launched projects: Soulbonds, ...

[Transition Labs @Transition_Labs]

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As we said, it’s time for a new chapter, and we’re excited to introduce Transition Labs, which will launch the next products

And the announcement of our new product will be shortly🔀

[Transition Labs @Transition_Labs]

Dear community, we are postponing our launch due to the situation around the CRV exploits and potential risks for Ethereum DeFi in general.

We will announce a new date soon once everything settles down. Stay safe! 🙌

[Transition Labs @Transition_Labs]

Hey, guys!

24 HOURS till the VIRUS launch 🔜 👀

[Transition Labs @Transition_Labs]

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Looking forward to seeing you on Monday!

Don’t forget to set notifications to be early 👀

[Transition Labs @Transition_Labs]

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Typical Saturday evening...

BUT IT IS TIME!! ⏰🚀

VIRUS protocol will be fairly launched on Monday, July 31, at 4 pm UTC

All you need to know to be prepared ⬇️

[Transition Labs @Transition_Labs]

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3⃣ Stake LP tokens to receive APR in VIRUS

4% of the total supply will be distributed linearly during the first month after the launch

[Transition Labs @Transition_Labs]

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Some more rules:

- each chain has the same targets;
- only minted tokens are taken into account, not the purchased ones!

Good luck! 😉

[Transition Labs @Transition_Labs]

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Explain like I’m five: VIRUS minting rewards 🔽

[Transition Labs @Transition_Labs]

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The first three addresses on each chain that reach three targets and claim the button to generate a blockchain event will receive rewards

We won’t disclose the rewards now (to make the process more intriguing), but you will like it!

[Transition Labs @Transition_Labs]

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Does it mean waiting more time for inflation is the best strategy to acquire VIRUS? Not always!

If you wait too long, someone else will start minting VIRUS from the available supply

It is a classic game theory dilemma, so you have to determine YOUR strategy to mint VIRUS

[Transition Labs @Transition_Labs]

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Explain like I’m five: how does VIRUS minting work? 🔽

[Transition Labs @Transition_Labs]

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If inflation is 20 VIRUS per second and your mint took 5 seconds, the available supply has increased by 20*5 = 100 VIRUS tokens

So, the available supply is 10 090 now, and by the next mint you will receive 10 090 * 0.1% = 10.09 VIRUS

[Transition Labs @Transition_Labs]

What chains will you teleport VIRUS to? 🦠

Spreading soon…

[Transition Labs @Transition_Labs]

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Link to our GitBook:

https://t.co/Tby5D50WH8

Please join our Discord if you have any questions🦠

[Transition Labs @Transition_Labs]

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Our GitBook is finally ready!

To help you fully grasp all the details of the VIRUS protocol, we’ve prepared a comprehensive overview

Make sure to check it out👇