Block Rewards — a mining simulator, i.e. gamified version of real mining. You mine the token of the pool you participate in.
About the Block Rewards project on BNB Chain
By maintaining a low daily return of 3%, with a high percentage of buyer bonuses and a high percentage of referrals, and a dynamic JTVL commission that increases and decreases as the sale proceeds, Block Rewards expects the project to have a better chance of surviving after a sharp drop in TVL.
Blocks produce daily rewards. Rewards accumulate over 24 hours, after which you can either combine them into even more blocks (more blocks = more daily rewards) or sell them to cash out.
Other features:
| 1. | Revolutionary "New customer bonus" feature up to 40% to encourage purchases. |
| 2. | Variable referral program up to 20% or more to incentivize purchases. |
| 3. | A low daily return of 3% of base to keep the target daily churn in the minimum range of 1-3% so that the project can last longer. |
| 4. | Revolutionary JTVL commission per sale that starts at 2% but can go up to 15% with aggressive sales. The purpose of this fee - to accumulate funds for the project. |
When you buy blocks with BNB, the BNB is locked in a decentralized smart contract. Since this is a closed pool contract, no one can sell their entire investment in one go. However, your rewards accumulate on a daily basis and you can earn back your investment over time.
The mining algorithm is designed in such a way that you must deposit funds daily to maintain the dollar value of your reward. The mining algorithm has a built-in inflation that increases every day. So if you cash out your rewards daily, your daily rewards will drop significantly and you won't be able to get them back easily. As long as there is money in the contract, rewards will continue to be paid.
What is the best strategy?
The best strategy - to deposit funds several times a day and cash out only occasionally. There is no correct strategy for withdrawing money. Everyone can design their own, based on their risk tolerance and need for funds.
Most other miners do not have an effective set of tools/strategy to incentivize buying or launching TVL after a huge correction. Block rewards have developed new tools such as new buyer bonus, variable referral P=percentage, JTVL variable commission.