The rules, in full.
Seltrix turns a USDT deposit into an internal SLX position, locks it for fifteen days, mints a fixed daily reward, and settles the matured balance back into USDT. This document states every rate the ledger applies, and where each one is enforced.
Core conversion
1 → 250
One USDT credits 250 internal SLX. The rate is fixed by the platform ledger, applies in both directions, and is not a floating market price.
The model
Seltrix is a Telegram-first rewards application. SLX is an internal accounting unit representing a position inside the Seltrix ledger. It is not currently an on-chain Jetton and does not trade on an open market, so a position carries no price exposure while it runs.
A deposit is watched for on TON and credited as internal SLX at the fixed conversion rate.
Principal, lock status, minted rewards, claims and redemption history are recorded per account.
After maturity the balance is redeemed and the net USDT payout is settled to the linked wallet.
One visible loop
Every position follows the same sequence. The conversion, the lock, the reward and the settlement rules are stated up front rather than presenting SLX as a speculative token.
- ConnectTelegram account, then a TON wallet linked once from inside the app.
- DepositUSDT sent to the treasury address and watched for on chain.
- Credit250 internal SLX per USDT, added to the free balance.
- LockSLX locked for 15 days at 2% a day.
- RedeemThe matured balance settled back into USDT, net of tax.
Rewards, not price action
The reward model is simple interest. Rewards do not compound during a term, and the SLX amount is not exposed to a changing token price while the position is locked.
daily reward = locked SLX × 2%
matured balance = principal + (daily reward × 15)
When a reward exists
Rewards mint on a fixed daily boundary at 12:00 UTC, the same hour for every account, rather than twenty-four hours after each account’s last claim. Three things follow, and all three are deliberate.
The next mint does not move because the last one was collected two hours after it appeared.
Five unclaimed days are collected as a single claim. Nothing expires while the term runs.
A window of exactly fifteen days contains exactly fifteen boundaries wherever it starts, so every term pays fifteen rewards whatever time of day it opened.
Worked example · 1 USDT deposit
The redemption tax
A 5% tax is applied when SLX is redeemed into USDT. It is never charged when the original deposit is credited, so the full deposited amount is what starts earning.
| Allocation | Share | Purpose |
|---|---|---|
| Holder dividend pool | 3% | Future holder distributions |
| Liquidity allocation | 1% | Liquidity operations |
| Ledger burn | 1% | Removes SLX from internal supply |
| Total | 5% | Applied at redemption |
Worked example · 325 SLX matured
What the burn is. The burn is an internal ledger action. It removes SLX from the internal supply; it does not destroy tokens on a blockchain, because SLX is not currently an on-chain asset.
Presale
An SLX presale is planned and has not opened. This section will carry the full terms when it does; until then it states only what has been decided.
The opening date, the allocation and the per-account limits will be published here and announced in the bot before the presale opens.
No allocation has been sold and no presale address has been published. Any address claiming otherwise is not ours.
Terms appear here and as an in-app notice at the same time. Nothing is announced anywhere else first.
The conversion rate, the term, the reward schedule and the redemption tax described above are unaffected by the presale.
Reserve control
USDT is the settlement asset. Treasury operations are held under multisignature approval so that no single operator can move reserves or approve a payout alone.
Deposit reserves and redemption liquidity sit under shared approval rather than one private key.
Redemptions are reviewed, approved, recorded and reconciled against the internal ledger before settlement.
Deposits, positions, rewards, redemptions, tax allocations and burns are recorded as individual ledger entries.
Scope and risks
A fixed rate removes price volatility from the user experience. It does not remove platform or settlement risk, and this section is not softened.
Redemption depends on sufficient USDT reserves and correctly managed liquidity.
Incorrect ledger entries, unavailable services or failed settlement can delay a payout.
The reward rate, the tax rules, the limits and the eligibility terms are platform policy and can change for new positions.
This document describes the current product model. It is not financial, legal or tax advice, and the product requires appropriate legal and compliance review before public launch.
Questions about this document, or about an account, go to support@seltrix.xyz. Anything that changes here is announced first at @seltrixapp.