📕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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