SprintMap 2021 — The Road Ahead for TSD
Yesterday we summarized the road so far for TSD. Today, it’s time to shine a spotlight on the future.
It was never our intention to just launch another clone of ESD / DSD. However, with the recent explosion of interest in Seigniorage coins, we knew that speed and timing was key. That’s why we launched at the time that we did with little more than some parameter adjustments to DSD’s model. Since then, the team has been working at warp speed to implement new features and plans to cement TSD as a leader in the seigniorage field.
We now proudly present to you the TSD SprintMap:
Why a SprintMap you may ask?
The seigniorage field moves so quickly that it is simply not feasible or practical to develop a roadmap that lasts years into the future. We have therefore chosen to focus on the immediately achievable tasks that align with our ultimate vision of where seigniorage stablecoins should take us. And when we say sprint, we mean sprint.
Here’s a little bit more detail on each of the milestones on our SprintMap.
1. Launch of new website
The overhaul is part of our growth plan to step out of ESD / DSD’s shadow and become a legitimate contender as a pioneering seigniorage project. We are of course ever grateful for the work done by ESD and DSD before us to make everything that we do possible; however, we have our own vision and want to pave the way for ourselves, and it begins with our own visual identity.
We are also always open to community feedback. We have a reputation for being fast and responsive to user requests and suggestions, so please let us know your thoughts in our Telegram and Discord channels.
2. Launch of ETH-TSD Pool
A pool with the peg currency makes sense, but TSD’s goal is to become a stablecoin worthy of its name. In order to do that, we need trading pairs and liquidity with other currencies, the most obvious one being ETH. With recent regulatory crackdowns in the USA, having a second pool of ETH-TSD can also act as a hedge against a potential USDC collapse.
The ETH-TSD pool will be launched on 15 January 2021. To incentivise liquidity providers, the team will be distributing 1 million TSD, taken from the DAO premine, to the ETH-TSD pool over 10 days from initial launch (100,000 TSD per day).
3. DAO Proposals
Meanwhile, on 15 January 2021 we plan to make a DAO proposal to change the distribution of expansion rewards so that DAO rewards are reduced to 50% while each of the USDC and ETH pools get 25%. We believe this better incentivizes the provision of liquidity across multiple pools, which we believe is key to TSD’s growth and one of the many things that sets TSD apart from other seigniorage projects.
4. Audit
To further ensure public confidence in our project, we are currently in discussion with Certik to audit our smart contract code, and expect to commission the audit in January. More details will be provided once we have confirmed timeframes.
5. Cross-Chain TSD implementation
This is perhaps our most exciting upcoming implementation in the short term. Our goal is to become a truly accepted stablecoin with the status enjoyed currently by the likes of USDT and USDC. To achieve this goal, it is necessary to step beyond the boundaries of Ethereum. This is why our team has been hard at work to implement a cross-chain solution to launch TSD on BSC. We can’t share all the details with you yet, but we are planning the launch for February, and more information will be made available soon.
But it doesn’t stop there. BSC is just our pilot cross-chain implementation. Upon successfully launching TSD on BSC, we have plans to launch TSD on other chains as well. The exact chains will be announced at a later date based on the team’s assessment of demand and benefits to the TSD ecosystem.
We hope you like the general SprintMap, more details will be announced soon later.
