Lap Tranche

Understanding Lap Tranche in the ORDITT Protocol

A Smart Contract for $ORDITT Tokens:

The Lap Tranche is like a dynamic digital vault, represented by a smart contract. Its primary role is to hold onto the $UNI tokens that come from the Temporary Tranche after every Trigger Event. It's a safe place for these tokens to hang out for a bit.

The 14-Day Cycle:

The Lap Tranche holds onto these $UNI tokens throughout a single Lap, which is a 14-day period. Once this Lap is complete, something interesting happens.

Lap Event Trigger: Earning Rewards:

At the conclusion of each Lap, a special Lap Event Trigger becomes available. This trigger can be activated by any $ORDITT token holder. It's like a button that anyone can press to initiate something rewarding.

The Distribution Dance:

When someone triggers this Lap Event, the $UNI tokens in the Lap Tranche are distributed in the following way:

• 1% $UNI: This goes to the user who activated the Lap Event Trigger as a commission. It's a reward for taking action.

• 24% $UNI: These tokens are divided among all the $ORDITT holders as a Lap Dividend. It's like a little bonus for being a part of the community.

• 75% $UNI: These tokens are deposited into the Permanent Tranche. Think of it as a bigger vault. They will be distributed among $ORDITT holders as a Mega reward at the end of the Season.

In summary, the Lap Tranche acts as a temporary home for $ORDITT tokens during a Lap. The Lap Event Trigger is a way for users to earn rewards from these tokens, creating a cycle of engagement and potential benefits for the entire community.