How does it work?
This is an explanation on how MAXX will deploy
The Amplifier phase will last for 40 days and each daily lobby is open for 24 hours. This is essentially created to avoid any whale manipulation in the price and distribute the tokens evenly among the community members.
Each day you will have the ability to claim a portion of the 25bn tokens that will be up for grabs, some days we will have more deposits & participants some less, some days we will have more distributed $MAXX & other days less. You will need to constantly pay attention to the process and participate as you feel is necessary.
Users will be able to see the current day's allocation of $MAXX in the Amplifier, and see how much MATIC has been deposited so far. They will then be able to deposit their own MATIC into the contract to reserve their share of the daily allocation.
Users won't know exactly how much $MAXX they are reserving, until the end of the day. But it is basically based on how much $MAXX is available per day, divided by how much MATIC is entered each day.
This makes it slightly gamified, as users will want to put as much MATIC in each day, or on days where not much has been deposited.
This is a screenshot from our public testnet round
At the end of the 40-day Liquidity Amplifier period, there will be a small pause for 2 or 3 days, and then we will launch the token on mainnet and deploy liquidity to a DEX such as Uniswap or SushiSwap. From that point, users will be able to connect to the portal and claim all of their reserved tokens, to then stake them or trade them on the market.
This is a very basic example of how the distribution works, before accounting for any referral or NFT Bonuses used.
Let's say there are 1,000,000 MAXX tokens available for each of the first few days.
If a total of 10,000 MATIC is deposited into the contract on day 1, users will get 100 $MAXX Tokens for each 1 MATIC they deposited.
(1,000,000 MAXX / 10,000 MATIC = 100 MAXX per MATIC)If a total of 12,000 MATIC is deposited into the contract on day 2, users will get 83.33 $MAXX Tokens for each 1 MATIC they deposited.
(1,000,000 MAXX / 12,000 MATIC = 83.33 MAXX per MATIC)The same continues for the rest of the 40 days. Some days may see a low amount of MATIC deposited, meaning people entering on those days are going to get a better price. Other days may be 'oversold', meaning people get slightly less MAXX per MATIC.
At the end of this phase, users will have the ability to claim the reservations they made and then start interacting with the main staking contract.
These examples show how the Amplifier will really distribute tokens, accounting for referral bonuses.
We will use what we call 'Effective Matic' to measure exactly how much each user should get. This is the amount of Matic they deposited, plus any bonuses.
Let's say there are 1,000,000 MAXX tokens available on Day 1.
If a total of 10,000 MATIC is deposited into the contract on this day, but some users use a referral code, they will be getting a 10% boost on their 'Effective MATIC'.
For simplicity, let's say that only 5 people enter:
Users 1, 2 & 3 all deposit 2,000 MATIC.
Their Effective Matic is 2,000.
Users 4 & 5 both deposit 2,000 MATIC, but use a referral link from User X, gaining a 10% boost.
Their Effective Matic is 2,200.
User X gets a 5% referral bonus from both User 4 & 5, giving him 200 Effective Matic
There is a total of 10,600 'Effective Matic' which is used to calculate how much people get.
(1,000,000 MAXX / 10,600 EffectiveMATIC =94.3396226 MAXX per MATIC)Users 1, 2 & 3 all get 188,679.245 MAXX for their 2,000 MATIC Deposits.
Users 4 & 5 both get 207,547.17 MAXX for their 2,000 MATIC Deposit plus bonus for using a referral.
Users X gets 18,867.92 MAXX as his referral bonus.
The total distributed for that day is still 1,000,000 MAXX.
Last modified 7mo ago