Relaunch of EOSPOLY

in #eospoly3 years ago (edited)

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Blockchain mining has evolved from trade-mining to Dapp-mining and then to liquidity mining, which are all welcomed by the users. As a fair, free, and safe project based on EOS, EOSPOLY integrates various mining modes, including trade-mining, liquidity mining, and bet-mining. EOSPOLY does not have any founder, pre-mining, fundraising, nor tricks. Every user on EOSPOLY has the opportunity to become a real estate tycoon and earn CASH.

CASH Mining Relaunch Time

2020-12-09 08:00 UTC

Trading Mining

Through trading on DolphinSwap, the contract counts the user’s transaction volume in each trading pair (valued in EOS) in real time. Every 6 hours is a cycle, user’s rewards are related to their trading proportion of the whole trading volume, and the output of the trading pool. Every 6 hours the trading volume is cleared and a new round of calculation and statistics is started.

Note: The transaction volume value is counted in EOS. Only buy orders are recorded(e.g. buy tokens by EOS), and sell orders are not included(sell tokens for EOS).

Example:

  • Output of DOP/EOS trading pool is 702.57 CASH/6 hours.
  • DOP/EOS purchase trading volume in 6 hours is 1000 EOS, and Alice purchase DOP that values 100 EOS through DolphinSwap.
  • Alice’s reward = 702.57 x 100 EOS / 1000 EOS = 70.257 CASH

Trading pools:

image.png

Liquidity Mining

EOSPOLY will reflect the LP token on DolphinSwap, players can get CASH token from providing liquidity on DolphinSwap.

Liquidity mining pool:

LP pairCASH/EOS - 50/50
Weight40x

Bonus

20% of the total amount of CASH tokens is used to set up an independent bonus pool to reward users who rank TOP100 in all trading volume. In order to ensure the long-term sustainable development of the project, allow the majority of users to have space to participate and prevent whales from diluting common users’ income. With TOP100 real-time trading volume, 3 sections are made :

RankTop 20Top21-50Top51-100
Reward Ratio3x5x2x

The rewards will be distributed every minute based on users’ weighted transaction volume, The transaction volume will be cleared every 2 hours.

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CASH token

The total supply of CASH is 3,000,000, which will be all mined within 50 weeks. We have issued 200,000 CASH in the early mining state and the issuance plan of the remaining 2.8 million will be adjusted as follows:

Week1234567891011-50
Issuance Amount (Thousand)2001801601401201009080706040

Distribution:

  • 70%: Trade + liquidity mining
  • 20%: Trading bonus pool to reward the Top 100 tycoons in terms of transaction volume in real time
  • 5%: POLYDICE dividend pool
  • 5% Team & foundation expenses

More Infomation

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Any use case for CASH in the long term? As its value is dumped by trading volumes whales.

Cheers

Any use case for CASH in the long term? As its value is dumped by trading volumes whales.

Cheers

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