1、YFX token distribute on different blockchain.
This number may vary, we may adjust the supply on each blockchain due to trading volume. The total supply amount and first round token amount won’t be affected.
2、Mining Distribution
For the second round of genesis mining, there will be 3,000,000 YFX token mined out by Trade Ming, Liquidity Mining, Trading competition, and Invitation Reward. The second round will last for 10 day on ETH（xDai）,Binance Smart Chain, Heco and Tron.
Second Round Genesis Mining details
Time Period: 12:00 April 6th, 2021–12:00 April 16th, 2021(UTC)
Blockchain：ETH（xDai）、Heco、Tron、BSC
Mining Categories:
1、Trade Mining
2、Invitation Mining
3、Liquidity Mining
4、Trading Competition
Trade on:
BSC: https://bsc.yfx.com/
Heco: https://ht.yfx.com/
Tron: https://trx.yfx.com/
Claiming mined YFX tokens:
After the second round mining, tokens will be distributed uniformly. It is estimated that the distribution time will be April 2021. Tokens will be collected or airdropped on each mining chain, and the mining tokens will be released 100% at the time without a lock-up period.
3、Genesis Mining II
Trading on the supported trading pairs can generate corresponding hash power, 1USD is equal to 1 hash power. Note that personal trading volume and the different blockchain will also have a bonus effect on computing power.
Supported Trading Pairs:
Trading mining rules:
1. During the event period, users can participate in mining by opening and closing positions in the designated trading pair, without registration.
2. If the opening time and closing time are not within mining time period, the hash power of the opening/closing position will not be calculated.
3. YFX Genesis Mining II is concurrent on four blockchains: ETH mainnet (xDai ), Huobi Eco-Chain Heco, TRON, and Binance Smart Chain BSC.
4. The mining rules are calculated as follows:
(1) The trading mining rewards in this period is divided into 30 blocks. Each block is calculated and mining independently. If the total trading volume of the current block reaches the target trading volume of the current block, a new block will be opened for mining. Until all the blocks are mined.
(2) When a new block is opened, the previous block will be settled. The block’s total hash power, user’s trading volume, user’s hash power, and my mining rewards of the previous block will be determined. and the next block will restart calculation
(3) If all the blocks are not mined at the end of the event, the system will settle the mining rewards according to the hash power on the deadline of the event.
(4) If the actual mining results largely deviates from the normal market behavior, YFX will dynamically adjust the target trading volume of the blocks according to the market behavior.
Block detail：
5. Trading mining adopts the ladder hash power model to calculate hash power in segments according to the user’s trading volume.
(1)If the user’s trading volume exceeds the trading volume of the ladder 6, it will be calculated according to the ladder 6 hash power coefficient.
(2)At the beginning of each new block, the hash power rate coefficient returns to 1.
For example:
Bob generated a total of 15 million USDT in trading volume in one block during mining, and the corresponding hash power is:
The hash power of the ladder 1 is 2000000*1=2000000
The hash power of the ladder 2 is （5000000–2000000）*1.05=3150000
The hash power of the ladder 3 is（10000000–5000000）*1.1=5500000
The hash power of the ladder 4 is （15000000–10000000）*1.2=6000000
The total hash power is: 2000000+3150000+5500000+6000000=16650000
6、Since the trading volume and cost of trading on xDai, Heco, BSC, and TRON are very different, there will be a parameter for different public chains.
For example: If Bob trades on xDai chain, his final hash power is: 16650000*1.1=18315000
His final hash power bonus is （18315000–150000000）/15000000=22%
7、 Estimated mining reward for one block = My hash power for this block / Total hash power for this block * Total number of tokens in this block
4、 Liquidity Mining
During the event period, users can participate in liquidity mining by adding liquidity in the designated liquidity pool.
The hash power of market-making liquidity mining is related to the amount of funds and the time when the funds participate in market-making. The platform will snapshot the share of the fund pool every minute and calculate the hash power.
Supported Pool:
Rule of liquidity mining:
1. You can obtain hash power by holding LP Token. The more you hold, the longer the holding time, the greater the hash power will be.
2. Estimated liquidity mining reward = my hash power/total liquidity mining hash power * total amount of tokens in the current period.
3. During the event period, if user’s LP Tokens are transferred, the user’s hash power will be cancelled.
5、Trading Competition
Supported Trading Pairs:
Rule of Trading Competition:
1. The trading competition is ranked according to both profit and loss. The higher the profit and loss are, the greater the rewards are. For those with the most losses, YFX will reward part of the tokens for participation.
2. The time of the position opened should be within the mining period. If the opening time is not within the mining time, the hash power will not be calculated.
3. The ranking is updated every minute and calculated in real time based on the USD value of the profit and loss.
6、Invitation Reward
Invite other friends to participate in YFX mining, and your address will receive 10% of the hash power gain.
Supported Trading Pairs:
Rule of Invitation Reward:
1. During the mining period, users can invite friends to trade in the designated trading pool to receive invitation reward.
2. When invitee open and close positions, inviter can get hash power. The more friends you invite to participate, the more hash power the inviter can obtain. 1USD = 1 computing power.
3. Estimated invitation reward = my invitation hash power/total invitation hash power * total number of tokens in invitation reward.
