Last updated
Last updated
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.
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.
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
The first 3 months
19.60378
Next 3 months
15.68303
Following 3 months
12.54642
Last 3 months
10.03714