4.3. NFT Stake mining

After players acquire NFT, they can use NFT for stake mining. The minimum staking time for NFT is 1 day. After 1 day of staking, you can receive staking rewards. The total reward that players can get for NFT staking mining is 20 million LMT, which is divided into 3 years. The daily reward is 18264.84LMT.

Assume B=18264.84.

The computing power value of the Nth NFT staked by the player is ;

The addition coefficient of the NFT is A, then =A.

The current stake NFT value of the entire network is FS, which is the sum of the NFT computing power staked by all players:

When the computing power of all players to stake NFT does not reach 10,000,

The income obtained by this NFT is:

When the computing power of all players to stake NFT reaches 10,000:

The income obtained by this NFT is:

Continuous staking

The platform income is assigned to the dividend reward of NFT stake mining. When the number of people who receive LMG rewards on the platform reaches 100,000, it is assigned to the NFT stake mining contract. At this time: B=18264.84+ platform income is assigned to the dividend reward of NFT stake mining.

Hash rate halved

In order to protect players who newly purchase NFTs, LuckyMeta refers to the halving mechanism of BITCOIN's computing power. The countdown starts after the blind box opens the NFT, and the revenue is halved every 4 weeks. After 20 weeks, that is, after 5 months of mining, the halving will stop. The hashrate after 20 weeks is the same as at the end of 20 weeks.

mining stage

NFT pledge mining is completed in three stages, and different mining contracts will be deployed in each stage. The first stage is genesis mining for the first 1000 NFTs. The second stage is node mining for the first 70,000 NFTs. The mining rules of the third stage are determined according to the operation of the project.