Frequently Asked Questions

WHEN WILL THE TRIDENT NETWORK LAUNCH?

The Trident Network will be live on the date the airdrop begins. Users that participate in the airdrop will have their TRDT tokens deposited into the ERC20 compliant wallet address of their choice after they have successfully been granted a spot in the airdrop. Users may then immediately transfer their tokens as they wish, even before the token airdrop concludes.

 

WHY ARE TRDT TOKENS NEEDED ON THE TRIDENT NETWORK?

Large, decentralized networks require robust security protocols and algorithms to ensure that all members of the network are behaving honestly. The Trident Network does this via a Proof-of-Stake algorithm where users “stake” their tokens to secure the network. To encourage staking and securing the network, the network rewards users for the time spent staking. This is also a crucial factor in bringing value to the TRDT tokens over the long term. Through the implementation of PoS incentive we allow holders to take the reins so to speak in terms of ones own financial venture. 

 

WHAT CRYPTOCURRENCY EXCHANGES WILL SUPPORT TRDT?

Initially we will be listed on EtherDelta. Over the course of the days that follow the EtherDelta listing, we will be performing a poll with the community to assess the direction we all would like to see the TRDT token go as far as exchange listings. Unfortunately however, this is up to individual exchanges. Exchanges support tokens based purely upon demand. The more demand expressed by consumers to exchange TRDT for other cryptocurrencies, the more likely it is that exchanges will support TRDT. Contact your favorite exchange to see if they will support TRDT. That being said, we do plan to utilize all of the initial funding we receive to get the token on as many exchanges as possible. 

 

NOTE: DONORS WILL HAVE THE FIRST SAY IN PROSPECTIVE EXCHANGE LISTINGS.
 

NOTE: OUR GOAL EXCHANGES ARE AS FOLLOWS; BINANCE, HITBTC, COINEXCHANGE, CRYPTOPIA

 

HOW DO I STAKE MY TRIDENT TOKENS TO GENERATE REWARDS?

Staking will be vital to operate and secure the Trident Network. Initially speaking, the PoS will be done solely via airdrop until the total supply has been entirely distributed to the community. Upon the airdrop completion the staking period will begin. The first staking period will begin on the day directly following the last official airdrop, and go for exactly 60 days. At the end of the 60 days a screenshot will be taken of current holders and PoS dividend distribution will begin; The number you receive will be based on the predetermined holding parameters for token dividends (essentially the quantity and duration of user holdings). The development of the official Trident Wallet that will allow for a percentage-based Proof-of-Stake compounding on a yearly basis will begin directly after the first PoS dividened distribution concludes. The network will be set to reward holders  at a rate that is variable depending on the number of tokens currently being staked on the network at any given time. The more tokens you currently have staking, and the longer it has been (up to a limit of 7 days) since the last time those tokens have successfully staked, the greater chance you have of receiving a stake reward. You may get small rewards frequently, or infrequently, depending on your total tokens. 

 

WHEN CAN I USE THE TRIDENT PLATFORM AS A HEDGE FUND ESQUE PLATFORM FOR PERSONAL INVESTMENT VENTURES?

See our Roadmap. We are working towards meeting or exceeding the deliverables and timeline we have set. In Q1 2018 the first version of our RESTful APIs in multiple languages are scheduled to be released. These APIs can be used to build applications that interact with the Trident blockchain based network by storing and accessing transactions and information.