50% of the total supply of TXT will be used to reward players who bet on our game platform via the “Wager-to-Mine” (WoM) mechanism. In particular, the WoM mechanism includes two steps, i.e., “release” and “distribution”.
Release
The release of TXT follows a half-life decay pattern. Each period will be 250 days. We will release half of the total supply of TXT in the first 250 days. The number of TXT to be released in the following half-life period will be halved, and so on. Please see details of TXT release schedule below.
Within each half-life period, the same number of TXT will be released for every day inside the same half-life period. For example, the number of TXT to be released for each day in the 1st half-life period is calculated as follows:
- The total number of TXT in the 1st half-life period: 1,250,000,000;
- The number of days in the 1st half-life period: 250 days;
- Therefore, the number of TXT to be released for one day in the 1st half-life period: 1,250,000,000/ 250= 5,000,000.
Distribution
We will distribute TXT released each day to members per the percentage of their mining power within that day.
(For example, there are 5,000,000 TXT to be mined in one specific day, and there are 2 players (A and B) wagering to mine. At the end of the day, the mining power of player A and B are 60 and 40 respectively, then player A will get 60/(60+40)=60% of the token, which is 3,000,000 TXT, and B will get 2,000,000 TXT.)
Mining Power
Mining Power= Wager Amount * (1+ Mining Bonus)
The initial value of the mining bonus is 0, you can increase the bonus by staking more TXT. The higher the bonus, the faster the mining power grows.
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