SOLeague - Solana's L2
  • Abstract
  • Introduction
    • Overview
      • Important Links
      • SOLeague Brand Kit
    • Solana Blockchain
    • Solana’s Layer 2
      • Proof of History (PoH)
      • Turbine Protocol
      • Sealevel and Scalability
    • SOL as the Native Token
    • SLE as the Representative Token
      • Tokenomics
  • Node-Box
    • What is a Node Box?
    • Benefits of Node Boxes
    • Pricing
    • Promotions
    • Node Box Utility
      • Node Box Farming
      • Validator Rewards
    • NFT Ticketing
      • Tournament Reward
      • Ongoing Tournament
    • Terms and Conditions
    • Privacy Policy
  • Referral System
    • How it works
    • Discounts for Referees
    • Claiming Referral Bonus
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  1. Node-Box
  2. Node Box Utility

Node Box Farming

Node Box Farming is an automated and sophisticated process that enables Node Box NFT owners to participate in the SOLeague network's farming activities and earn SLE tokens. This innovative system is crucial for distributing rewards in a fair and balanced manner while maintaining network stability. Over the course of one year, 450,000,000 SLE tokens are allocated for Node Box Farming, with a planned release schedule that ensures gradual and controlled distribution.

Farming Speed:

To promote long-term commitment, the farming speed will decrease by 20% every three months. This phased reduction rewards early participants while maintaining a balanced reward system over time.

Period
Farming Speed (SLE/s)

The first 3 months

19.60378

Next 3 months

15.68303

Following 3 months

12.54642

Last 3 months

10.03714

The Rewards per Second (RpS) for each Node Box is calculated using the formula:

RpS of each box = RpS at that time / Total Boxes

To maintain economic stability and prevent excessive inflation, the RpS for each Node Box is capped at a maximum of 0.002 SLE per second. This cap ensures sustainability and long-term viability of the reward system.

To illustrate how farming rewards are calculated, let's consider an example. Assume a user owns a Node Box and wants to calculate the rewards they will receive over the course of the first three months, given the farming speed and total number of Node Boxes in the network.

Assumptions

- Farming Speed (First 3 months): 19.60378 SLE/s

- Total Number of Node Boxes: 1,000

- Maximum RpS per Node Box: 0.002 SLE/s

Step-by-Step Calculation

1. Calculate the Initial Reward per Second (RpS):

RpS = Total Farming Speed / Total Number of Node Boxes

--> RpS = 19.60378 / 1,000 = 0.01960378 SLE/s per Node Box

2. Apply the Reward Cap:

Since the calculated RpS (0.01960378 SLE/s) exceeds the cap of 0.002 SLE/s, the reward per second is capped at 0.002 SLE/s per Node Box.

3. Calculate the Total Rewards Earned Over a Day:

Total Seconds in a Day = 24 hours * 60 minutes * 60 seconds = 86,400 seconds

Daily Reward per Node Box = RpS * Total Seconds in a Day

Daily Reward per Node Box = 0.002 SLE/s * 86,400 seconds

Daily Reward per Node Box = 172.8 SLE

4. Calculate the Total Rewards Earned Over a Month:

Assume 30 days in a month.

  • Monthly Reward per Node Box = Daily Reward per Node Box * 30 days

  • Monthly Reward per Node Box = 172.8 SLE/day * 30 days

  • Monthly Reward per Node Box = 5,184 SLE

Summary

For the first 3 months, if a user owns one of 1,000 active Node Boxes:

- Reward per Second (RpS): 0.002 SLE/s (capped)

- Daily Reward per Node Box: 172.8 SLE

- Monthly Reward per Node Box: 5,184 SLE

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Last updated 10 months ago