19.10.23 SCF Chain Live Training - Blockchain Kojo & Gideon
Here is the math for the node mining rewards..
180 Day Linear Release...
((Total node amount /900,000) x 17.94) = Daily SCF Reward (DSR)
(DSR /180) x 1 = Day 1 Release
(DSR /180) x 2 = Day 2 Release
(DSR /180) x 3 = Day 3 Release
(DSR /180) x 5 = Day 4 Release
(DSR /180) x 6 = Day 6 Release
Perform this calculation for the remaining 180 days and that is what will be released over the next 180 days
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FSL Issuance Rules:
1) The initial price of FSL is set at 0.1 FUSD, meaning 1 FUSD equals 10 FSL.
2) A total of 100 million FSL tokens will be issued, all through the FinSoul gaming mining contract, and will be mined within six months.
3) FSL will have no private sale, no reserves, and no airdrops. Users participating in FinSoul games will have the opportunity to mine FSL.
4) We have added liquidity for FSL in FinSwap. FSL tokens mined by users can be easily exchanged for FUSD stablecoins or SCF native tokens.
5) FinSoul will accept bets in SCF, FSL, and FUSD simultaneously.
FSL Mining:
1) Each FUSD wagered will earn 1 aFSL.
2) FSL mining is based on the amount wagered in games, with aFSL as the foundation.
3) For example, if User A wagers a total of 100 SCF today, the price per SCF for aFSL calculation is 50 FUSD. In this case, the user will receive 50,000 aFSL. If User B wagers a total of 20,000 FSL, and the price of FSL is 0.1 FUSD, the user will receive 2,000 aFSL.
4) Currently, only SLOTS-type games are eligible for aFSL calculation. Other games will not generate aFSL.
5) According to the FSL issuance rules, the mining contract can mine a daily maximum of 555,555.6 FSL tokens. The mining contract will distribute the daily aFSL production to users based on their proportion of total network aFSL. In other words, users with larger aFSL wagers will mine more FSL tokens daily.
FSL Buyback and Burn:
1) 80% of FinSoul platform's daily revenue will be used for FSL buyback and burning.
2) FSL adopts an extreme deflationary approach, continuing until the total circulating supply of FSL reaches 1 million tokens. This represents a 99% reduction.
As the first subsidiary token within the SCF ecosystem, FSL holds significant commercial value and will undoubtedly contribute to the growth and prosperity of the SCF ecosystem. We welcome everyone to explore the joy of FSL mining within FinSoul.
SCF Group
October 8, 2023