WINEX Rewarding System Changed & Added 10 Maximum Calls
Hello Hivers,
Like we said earlier, we successfully upgraded the WINEX script to make Ten (10) successful calls. While we are upgrading the script, we have identified Rewarding System needs a change to attract people to stake or hold more WINEX tokens to earn curation rewards.
According to the previous rewarding mechanism More you stake or hold, the less you earn. It might drop investors' interest on hold or stake more tokens and actively share comment-based WINEX (Previously WINE) tokens with worthy authors/commenters.
Therefore, we decided to share a new rewarding mechanism with a complex formula that works in few different tiers.
According to our latest WINEX comment-based rewarding system, you can earn a higher APR(%) when you stake or hold more WINEX tokens. Similar to HIVE, you will receive a 50% curation reward when supporting worthy posts & comments.
Moreover, the upgraded script is supporting to add more calls when the total token supply expands.
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Like we said earlier, we successfully upgraded the WINEX script to make Ten (10) successful calls. While we are upgrading the script, we have identified Rewarding System needs a change to attract people to stake or hold more WINEX tokens to earn curation rewards.
Previous (Ex) Rewarding System?
| Call | Stake or Hold (WINEX) | Author Reward | Curator Reward | Call APR(%) | Total APR(%) |
|---|---|---|---|---|---|
| 01 | 25 | 0.1 | 0.1 | 146 | 146 |
| 02 | 75 | 0.2 | 0.2 | 97 | 146 |
| 03 | 225 | 0.3 | 0.3 | 49 | 97 |
| 04 | 675 | 0.4 | 0.4 | 43 | 54 |
| 05 | 2,025 | 0.5 | 0.5 | 36 | 27 |
Therefore, we decided to share a new rewarding mechanism with a complex formula that works in few different tiers.
New Rewarding System?
We will not change the rewarding system up to 3 calls (675 WINEX tokens stake or hold)| Call | Stake or Hold (WINEX) | Author Reward | Curator Reward | Call APR(%) | Total APR(%) |
|---|---|---|---|---|---|
| 01 | 25 | 0.1 | 0.1 | 146 | 146 |
| 02 | 75 | 0.2 | 0.2 | 97 | 146 |
| 03 | 225 | 0.3 | 0.3 | 49 | 97 |
| 04 | 675 | 0.8 | 0.8 | 43 | 76 |
| 05 | 2,025 | 2.0 | 2.0 | 36 | 61 |
| 06 | 6,075 | 9.6 | 9.6 | 58 | 78 |
| 07 | 18,225 | 22.4 | 22.4 | 45 | 71 |
| 08 | 54,675 | 51.2 | 51.2 | 34 | 58 |
| 09 | 164,025 | 230.4 | 230.4 | 51 | 71 |
| 10 | 492,075 | 512 | 512 | 38 | 61 |
Moreover, the upgraded script is supporting to add more calls when the total token supply expands.
Less Circulating Supply Cannot Support 7th Call Upward?
Yes, the current WINEX token supply cannot support the 7th reward call upward. But if you actively share rewards to worthy posts/comments, more tokens will start minting.WINEX Staking Feature?
We could collect 685 BEE tokens so far. We are not in a rush, but we will try to reach our ultimate goal (1000 BEE) to enable the stake feature of the WINEX token in the next few weeks.Stay Safe & Enjoy
7.43588348 BEE
This is a good new setup and I am sure it will help grow the token by rewarding those who use it more. Thanks.
The Kingdom has bought the winex token and attempted to unstake the wine token in order to place in the tribeldex reward pool. The unstake was unsuccessful. We would assume therefore the wine token holds zero in value? And due to being unable to unstake also unable to sell the token on the market.
The King and his kingdom thank thee and offer......
!BBH
https://twitter.com/HarlowJourney/status/1448528742775607296
The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
Because this is such an awesome post, here is a BBH Tip for you.
. Keep up the fantastic work