📕Example
The following example demonstrates how the BurnifyApp protocol operates over three consecutive days:
⦿ Alice joins on Day 1
⦿ Bob joins on Day 2
⦿ John joins on Day 3 Day 1
Participants: Alice.
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.
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.
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.
Key Points
Each cycle should last approximately 24 hours.
A fixed quantity of $BFY should be minted each cycle, starting at 10,000 $BFY on Day 1 and decreasing by 0.2% daily.
Users should contribute at least one batch per cycle to earn $BFY.
EGLD Pool Distribution: 90% of $EGLD contributions should be distributed to stakers, 5% should cover administrative costs, and 5% should go to BUFU NFT strength holders.
All contributed tokens, except $EGLD, should be burned at the end of each cycle.
$BFY rewards should be automatically staked unless claimed, which stops further $EGLD rewards until re-staked.
Over time, initial participants’ influence should diminish as the circulating supply increases through ongoing contributions and burns.
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