TARToken Claims Process

Today was a momentous day for TARToken (TART). We received, reviewed, and approved our first claims payout. This publication will explain what TART is and our process for receiving, reviewing and approving claims.

TARToken is the worlds first insurance based crypto token and is currently only available on the Binance Smart Chain.

The purpose of TART serves as an “Insurance” or “Victim Relief” token to those that have been victims of scams in the BSC crypto space. How do we provide relief to victims? When TART launched, 10% of the total supply was allocated to a dev wallet. That wallet will grow overtime as 1% of all transactions will be sent to the wallet in TART. As we review and process claims, those funds will be sent from this Claims wallet to the victims with fair market value at the time that the claim was approved.

Additionally, there is another 9% fee from each transaction that gets converted directly to BNB. That BNB gets sent to a separate DEV wallet labeled R&D. This BNB will be used for numerous different items. Most importantly it will help to sustain the Claims wallet if it begins to get too low. Secondly it will be used to support the growth of our business. Finally, it will be used to expand in the crypto space and start new project. Also, what makes this wallet so great is that it means that no DEV wallet holds a massive amount of TART to fund our operations. Since the funds are converted directly to BNB, using them to fund our operations will have no impact on the price of TARToken unless we are using them to refill the claims bag in which case it will help to maintain the price of TART. So with TARToken, you never have to worry about the devs dumping TART on investors just to operate.

How do we verify Rugpulls?

There are numerous ways that we can verify rug pulls. However, the rugpull that we refunded todays victim for is not a rugpull in the sense that you may be thinking of. Todays, victim was a holder of the popular BONFIRE token. TARToken labeled BONFIRE a rugpull after learning of the devs abandoning the project and trying to start a new project. Therefore, we are making a special offer to bonfire holders to match their bonfire investments in TART and we will refund your losses according to our rules for insurance claims.

Todays victim @JoshinYallHere on twitter suffered massive losses on the BONFIRE token. Since he was the first to fill out the claims form and formally submit a claim we are refunding him all of his losses. Here are the steps we took to verify and refund him.

3. We verified the amount that he bought into TARToken for. This was a special case because he was a private sale investor. Therefore, BSCScan doesn’t know how much he paid for his TART.

However, we know that all of our private sale investors were offered 50 million tokens for 1 BNB. He has 75M tokens in his wallet and we launched at around $400 per BNB. Therefore, his amount of coverage adds up to around $600.

Additionally, we confirmed that he has not sold any of his TART since he bought it.

4. Next we verify that the BONFIRE token was held in the same wallet as his TART.

5. We verify each transaction in the wallet.

By the time he was done with bonfire he had put a total of $317.94 into the project and sold everything back for $60.92. This put him at a total loss of $257.02.

6. Now we determine what % he is allowed to claim based on how long he has held TART along with the number of claims he has filed before. However, since this is a special situation because he was our first person to file a claim, we will be refunding him 100% of his losses. But, the process for others would be something like this.

If the holder bought in with $600 and held that bag for 3 months they would be able to claim up to $150.00 of their money back. That means that at his 3 month mark we would refund him $150.00 of his losses on BONFIRE. Then at 6 months he would be eligible to receive an additional 20%. Which means he could have received the remaining amount of the money he lost to BONFIRE with an additional $12.98 left to file in claims until he hits the 1 year mark for holding.

7. We document all of the information and store it safely then send out the claims payment to the victim.

In summery, this article explains everything that you need to know about how TARToken works and how our claims process works in depth. We will be giving a special offer to anyone that has been a victim of BONFIRE, SURGE, MOONPIRATE, and KEVLAR Finance over the next two weeks. What this offer does is bypasses the need to own TART prior to buying into the scam token before you can file claims. Please know that standard claims rules will apply to everyone who files a claim from here on out. Which means you can only receive up to 65% of the amount of TART that you bought per year.

TARToken Links

Telegram: https://t.me/TARTokenOfficial

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