Hello! In order to increase incentives for Defibox Swap liquidity market makers and further increase the depth of liquidity pool, Defibox will officially start swap transaction mining at 09:00 (UTC) on August 12, 2020, for a period of 30 days, with a total of 82,944 BOX(released from the undistributed 50 million BOX). The token release and transaction mining will start simultaneously. The following is a detailed rule description:
0.032 BOX is released every second, and the specific distribution rules are as follows:
- 0.0224 BOX is released to the transaction mining pool for transaction mining
- 0.0072 BOX is released to the Foundation account for product development, operation promotion, team incentives, risk reserves, etc.
- 0.0024 BOX is released to Newdex account as a reward for Newdex funding and support
- 1EOS≤single transaction amount × mining weight＜2EOS, automatic mining once, and get 0.01% of the transaction mining pool BOX balance;
- Single transaction amount × mining weight ≥ 2EOS, automatic mining multiple times, and the mining times = [transaction amount × mining weight] rounded to an integer;
For example: a single transaction amount of 10.0126 EOS is completed in the EOS+USDT liquidity pool, and the weight is 1.5; then 10.0126×1.5=15.0189 and automatic mining 15 times, and so on.
- The mining weight of your traded liquidity pool must >0; otherwise you cannot get BOX rewards；
- During multi-path swap, it will automatically mine multiple times according to the above rules.
The list of transaction mining liquidity pools and mining weights are as follows:
(Note: Since the USN+USDT liquidity pool does not contain EOS, this liquidity pool is not included in the list of transaction mining liquidity pools)
Thank you for your support and attention to Defibox!
August 11, 2020