⚙️Key mechanisms
Last updated
Last updated
Users can burn their $RDA tokens to create Mines. Each Miner represents a unique entity within the protocol's mining ecosystem.
Mines offer daily rewards in $RDA tokens to their creators. The rewards are distributed among the participants based on their contribution and the level of the Miner.
Mines are categorized into different levels based on their performance and activity within the protocol. The higher the level of the Mine, the greater the rewards participants can potentially receive from it.
Here is an overview of the Mine Level cost*:
• Level 1: 7.5 $RDA
• Level 2: 15 $RDA
• Level 3: 30 $RDA
• Level 4: 60 $RDA
• Level 5: 120 $RDA
The upgrade from Level 1 to Level 5 costs 232.5 $RDA.
Mine creators receive an extra boost for each user that joins their Mine. This boost enhances the rewards received by the Mine creator, incentivizing them to grow their Miner's community. Pioneers get 10% APR Boost per Collaborator who join his Miner (each Miner is capped to 20 Collaborators for a maximal APR Boost of 200%).
For users who prefer not to create their own Mines, they can burn their $RDA tokens to join existing Mines. By joining a Mine, users become eligible to receive a share of the daily rewards generated by that Miner. Users can join an existing Mine with a referral link or through the "LeaderBoard".
Here is an overview of the Collaborator cost to join a Mine (depending on the Level)*:
• Level 1: 6.75 $RDA
• Level 2: 20.25 $RDA
• Level 3: 47.25 $RDA
• Level 4: 101.25 $RDA
• Level 5: 209.25 $RDA
For joining a Mine Level 5 it costs 209.25 $RDA.
Each Mine has a participant limit of 20 Collaborators. Once the limit is reached, Collaborators can no longer enter the Mine.