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Burnify Litepaper v6
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Example

Alice joins on Day 1
Bob joins on Day 2
John joins on Day 3 Day 1:
Participants: Alice joins.
Contribution: Alice contributes 100 batches (15 $EGLD + 90,000,000 $MEX).
Total $BFY Minted: 10,000 $BFY.
Rewards:
  • Alice: 10,000 $BFY (10,000 $BFY * (100/100)).
  • Alice's $BFY tokens would be automatically staked.
  • EGLD Pool:
    • 15 $EGLD in the pool.
    • Alice receives 13.5 $EGLD (90% of 15 $EGLD).
    • 1.5 $EGLD would be split between the team (administrative costs) and BUFU NFT strength-stakers
90,000,000 $MEX would be burned.

Day 2:

Participants: Bob joins.
Contribution:
  • Alice contributes 0 batches.
  • Bob contributes 50 batches (7.5 $EGLD + 45,000,000 $MEX).
Total $BFY Minted: 9,980 $BFY.
Rewards:
  • Alice: No BFY rewards.
  • Bob: 9,980 $BFY.
EGLD Pool:
  • 7.5 $EGLD in the pool.
  • Participants share 6.75 $EGLD (90% of 7.5 $EGLD).
  • 0.75 $EGLD would be split between the team (administrative costs) and BUFU NFT strength-stakers.
Rewards distribution based on staking:
  • Alice: 6.75 $EGLD * (10,000 / (10,000 + 9,980)) = 3.37538 $EGLD.
  • Bob: 6.75 $EGLD * (9,980 / (10,000 + 9,980)) = 3.37462 $EGLD.
45,000,000 $MEX would be burned.

Day 3:

Participants: John joins.
Contribution:
  • Alice contributes 0 batches.
  • Bob contributes 0 batches.
  • John contributes 33 batches (4.95 $EGLD + 29,700,000 $MEX).
  • Total $BFY Minted: (assuming a 0.2% decrease from Day 2) ~9,960.2 $BFY.
Rewards:
  • Alice: No BFY rewards
  • Bob: No BFY rewards
  • John: ~9,960.2 $BFY.
EGLD Pool:
  • 4.95 $EGLD in the pool.
  • Participants share 4.455 $EGLD (90% of 4.95 $EGLD).
  • 0.495 $EGLD would be split between the team (administrative costs) and BUFU NFT strength-stakers.
Rewards distribution based on staking:
  • Alice: 4.455 $EGLD * (10,000 / (10,000 + 9,980 + 9,960.2)) = 1.48502 $EGLD.
  • Bob: 4.455 $EGLD * (9,980 / (10,000 + 9,980 + 9,960.2)) = 1.48486 $EGLD.
  • John: 4.455 $EGLD * (9,960.2 / (10,000 + 9,980 + 9,960.2)) = 1.48512 $EGLD.
29,700,000 $MEX would be burned.

After 517 days (and note that this number of days isn't arbitrary):

Let's assume that Alice, Bob, and John DO NOT participate in the protocol anymore, so they would still have a fixed supply of $BFY (10,000 / 9,980 / 9,960.2 respectively). Additionally, let's presume that every day, there will be at least 10 batches from all users, totaling 1.5 $EGLD + 9,000,000 MEX per cycle. During each cycle, new $BFY tokens are issued into circulation.
Given these assumptions, after 517 days, the staked $BFY amounts of Alice, Bob, and John would represent less than 1% of the total $BFY in circulation, causing their rewards to diminish as time progresses. At this point, the circulating $BFY would be approximately 2,994,020.2 $BFY.
For any questions, please reach us: https://t.me/Burnify