Mikhail

web3 enthusiast

[Mikhail @mvcryptohodl]

https://t.co/ZSYOPLMCyd

@mchen8864

[Michael Chen @mchen8864]

I’ve seen some misinterpretations around how the @theblessnetwork TIME/BLESS redeeming process works so here is an explainer.

Imagine if you receive, say, 10,000 TIME, because you’ve been contributing consistently for the last 2 years. Chapter 0 is distributing 100M TIME in total.

There will be a 14 day period where you will decide how to redeem your BLESS token.

Assume at the end of this 14 day period, the final decision distribution is something this:

Immediate redemption - 20m TIME chose this (1x multiplier)
3 months staking - 30m TIME chose this (3x multiplier)
12 months staking - 30m TIME chose this (8x multiplier)
18 months staking - 20m TIME chose this (15x multiplier)

And you chose 18 months. This would mean you are getting this much of the 8.5% BLESS airdrop pool:

(10,000x15)/[(20,000,000x1)+(30,000,000x3)+(30,000,000x8)+(20,000,000x15)]= 0.00023076923

Which is 0.00023076923x8.5% = 0.00196% of the total BLESS token supply.

18 months later, this would mean an allocation of 196000 BLESS. If you have 1000 TIME this would be 19600 BLESS by the time of unlock, and so on. BLESS has a total supply of 10B. Can insert different valuations and try the math.

Key thing to note is that this airdrop pool is finite. We can't just issue more tokens out of thin air. So getting a 8x multiplier means you get 8x weight in the pool, instead of exactly 8x more BLESS.

Another thing is that in the duration of your BLESS staking, you will also get staking rewards at the end of each future Chapter (as long as you remain active).

[Mikhail @mvcryptohodl]

@mchen8864 @mewwisback @theblessnetwork I'm tired of waiting bro, what the fuck 14 days, we had 5 days to register, make it 5 days for the stamp, the nodrunners want to eat!

[Michael Chen @mchen8864]

I’ve seen some misinterpretations around how the @theblessnetwork TIME/BLESS redeeming process works so here is an explainer.

Imagine if you receive, say, 10,000 TIME, because you’ve been contributing consistently for the last 2 years. Chapter 0 is distributing 100M TIME in total.

There will be a 14 day period where you will decide how to redeem your BLESS token.

Assume at the end of this 14 day period, the final decision distribution is something this:

Immediate redemption - 20m TIME chose this (1x multiplier)
3 months staking - 30m TIME chose this (3x multiplier)
12 months staking - 30m TIME chose this (8x multiplier)
18 months staking - 20m TIME chose this (15x multiplier)

And you chose 18 months. This would mean you are getting this much of the 8.5% BLESS airdrop pool:

(10,000x15)/[(20,000,000x1)+(30,000,000x3)+(30,000,000x8)+(20,000,000x15)]= 0.00023076923

Which is 0.00023076923x8.5% = 0.00196% of the total BLESS token supply.

18 months later, this would mean an allocation of 196000 BLESS. If you have 1000 TIME this would be 19600 BLESS by the time of unlock, and so on. BLESS has a total supply of 10B. Can insert different valuations and try the math.

Key thing to note is that this airdrop pool is finite. We can't just issue more tokens out of thin air. So getting a 8x multiplier means you get 8x weight in the pool, instead of exactly 8x more BLESS.

Another thing is that in the duration of your BLESS staking, you will also get staking rewards at the end of each future Chapter (as long as you remain active).

[Mikhail @mvcryptohodl]

@EndlessProtocol @general_mactyer
@mtaibbi
@DossehLaFamine

[Endless𒀭 @Endless_DAO_]

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#Endless

[Mikhail @mvcryptohodl]

@mchen8864 Bro, you shouldn't be sneaky with your users. Simplify the criteria and give out more airdrops. No need to screw over your users. They'll love you and your project will be hyped, not just another piece of junk that users will trash.

[Mikhail @mvcryptohodl]

@mchen8864 I hope you will be more honest than GRASS.

[Mikhail @mvcryptohodl]

@theblessnetwork 🤯🤯🤯🤬🤬

[Mikhail @mvcryptohodl]

@DataHaven_xyz bullish!

[Mikhail @mvcryptohodl]

I'm here again ! Would be happy to make new connections and network . LFG!