THE DERIVATIVES LIQUIDITY PROTOCOL
Triumph stable token is the backbone for derivatives
staking in DeFi, allowing anyone, anywhere to gain
on-chain liquidity to a vast range of assets.
These assets are collateralized by the Tron Coin (TRX) which when locked in the contract enables the issuance of Triumph assets (TRH). This collateral model enables users to perform conversions between TRH directly with another token or crypto coin in the smart contract. This mechanism solves the liquidity. Triumph holders are incentivised to stake their tokens as they are paid a pro-rata portion of the fees generated through activity on Triumph and based on their contribution to the network. It is the right to participate in the network and capture fees generated from Triumph exchanges. Staking cross-chain on Triumph DeFi not time-locked, you can cancel at any time.
Triumph is the IDR-pegged stablecoin issued by Triumph on the TRON network. The token will be able to complete issuance, holding and transfer via smart contract on TRON, with a completely free and transparent process, and instant delivery; it will also be able to write programs that are highly expansible based on smart contract. TRC20 based Triumph enables interoperability with TRON-based protocols and Decentralised Applications (DApps) while allowing users to transact and exchange fiat pegged currencies across the TRON Network.
The primary function of TRH is to protect the integrity of Triumph mechanisms by locking value within the Triumph ecosystem through staking.
However, in providing network security, TRH holders and delegators are exposed to the risks of maintaining a long-term position on a fluctuating asset. Staking rewards therefore provide the incentives to keep long-term interest in TRH ownership.
In the Triumph protocol, staking rewards are first distributed to validators who take a commission for providing their
operations, and then are withdrawn individually by delegators.
Rewards from stake are determined largely by the relative size of node, and are structured in such a way that rewards increase as nodes increases. TRH ownership is thus an investment in the long term growth of Triumph.
Staking rewards come from three sources: Energy (compute fees), Taxes, and Voting Validator Rewards.
Triumph is committed to developing TRON-based DeFi protocols
and aims to provide all-in-one financial solutions to its users
Triumph presents the unique protocol based on the Tron blockchain. Triumph give powers features of the most popular decentralized protocols and applications in the world. The first DApps powered by Triumph are Triumph DeFi, is a cross-chain staking program for beginning circulation.
Triumph stabletoken are backed Tron coin including intrinsic value and a higher degree of decentralization consensus come with an improved rewards distribution mechanism.
Triumph stabletoken deployed in TRON chain because of its scalability and highly effective smart contract. Triumph is prepared for a fundamental change in digital transaction tools with wide scalability. It can support enormous numbers of users.
Triumph Core is based on Tendermint, which relies on a set of validators that are responsible for committing new blocks in the blockchain. These validators participate in the consensus protocol by broadcasting votes which contain cryptographic signatures signed by each validator’s private key.
Validator candidates can bond their own TRH and have TRH “delegated”, or staked, to pool staking by token holders. The validators are determined by stake delegated to mining pool staker will become “Triumph” validators.
Validators and their delegators will earn the following fees:
Compute fees: To prevent spamming, validators may set minimum energy fees for transactions to be included in their pool. At the end of every block, the compute fees are disbursed to the participating validators pro-rata to stake.
Stability fees: To stabilize the value of TRH, the protocol charges a transaction fee ranging from 2 TRH to 5%. This is paid in TRH currency, and is disbursed pro-rata to stake at the end of every block in Triumph consensus.
Voting Validator Rewards: Validators that participate in the Github Exchange Rate get a portion of voting reward if they faithfully report and win the ballot.
Besides revenue, there are scarcity incentives:
Swap fees: A small spread is charged on atomic swap transactions between TRH and other currency, which is savings and directly rewards validators.
Note that validators can set commission on the fees their delegators receive as additional incentive.
Validators are network participants that, in addition to running a node, full node, or supernode, also listen to transactions broadcasted in the network’s pool and include them in blocks that they sign.
In order to do so and reliably to meet the scalability, security, and finality requirements of the Triumph network, they typically run specially configured architectures that are robust against many forms of attacks on distributed networks. Validators play a central role in the Triumph blockchain’s consensus.
With help from our teams, contributors and investors these are the milestones we are looking forward to achieve.
- Basic Concept of "Staking Cross-Chain" Platform - Conflict analysis: Algorithm adjustments - Analytics Engine Indexers - Node Energy Issuance
- Consensus analysis of the SPoS protocol - Engine Yield - Pilot Project of Triumph Consortium Price - Presale & Community Development
- "Triumph" LightPaper - Issuance of “Triumph” Tron Smart Contract on the Tron blockchain - Connect APIs to E-Commerce platforms with 8 marketplaces - Fiat Gateway Integration (E-Toll Card & digital money) - ATM for easy fiat money transactions
- Listing to JustSwap & JustLink for Liquidity - Pair with USDT stablecoin at DappRadar
- Tron DeFi protocols integrations - Liquidity Mining SPoS Program - Develop Hashed Timelock Contracts (HTLCs) for Atomic Swap (Cross-Chain Trading).
- Poloni DEX Exchange Listing - Triumph Smart Contract Open Source API Issuance
- Colaborate miningpool with another DeFi
- Listing to LukuTex and Flame Exchange
- Escrow Triumph Smart Contract - Triumph Teller Protocol (credit risk protocol algorithmic, which will be made to allow the creation of a decentralized Islamic lending market which collaborates with world financial data real).
- Triumph Exchange - Open protocol for market and data exchange decentralized
Energy is a fee that is added on to each transaction to avoid spamming. Validators set minimum energy value and reject transactions that have implied energy value above this threshold. At the end of every block, the compute fees are disbursed to the participating validators pro-rata to stake.
Taxes are used as a stability fee, and the protocol charges a transaction fee ranging from 2 TRH to 5% on every Triumph transaction. This is paid in TRH currency, and is disbursed pro-rata to stake at the end of every block.
Validators participate in the TRH exchange rate github process, and win rewards from the voting pool every time they vote within the reward band, proportional to their stake.
Validators are network participants that, in addition to running a node, full node, or supernode, also listen to transactions broadcasted in the network's pool and include them in blocks that they sign. In order to do so and reliably to meet the scalability, security, and finality requirements of the Triumph network, they typically run specially configured architectures that are robust against many forms of attacks on distributed networks. Validators play a central role in the Triumph blockchain's consensus.
Unbonded This is TRH that can be freely transacted as a regular token, with no restrictions. Bonded While TRH is bonded, it is considered staked, and generates rewards for the delegator and validator it is bonded to. The TRH cannot be freely traded, and is locked in the ecosystem until it is fully unbonded. Unbonding TRH that is instructed to be undelegated from a delegator transition into an "unbonding" state during which neither rewards accrue nor the TRH can be freely traded. This unbonding phase takes 1 minutes to complete, after which the TRH return to an unbonded state.
A smart contract is a contract whose terms are expressed as a computer program with logic and state persisted on the blockchain. Smart contracts can automatically carry out its terms and conditions with total transparency and no counter-party risk. Smart contracts allow users to extend the capabilities of the Triumph blockchain by introducing custom logic that can be composed against the Triumph blockchain's financial primitives such as its stablecoin available in any world currency, robust price feed, and cross-chain atomic swap.