Blockmine is trying to provide a sustainable liquidity mining that serves the purpose for which it was designed.
Contents:
Description of the Blockmine project
Blockmine liquidity rewards have a deposit fee (3%) that the platform receives, sustained mining of its own tokens under a sustainability contract and in-game fees, as well as fees for the revolutionary DEX protocol.
BlockMine solves the main problems with:
| 1. | Automatic intelligent buyback and incineration algorithms to ensure stable growth. |
| 2. | Limited utility tokens, associated with the native platform token. |
| 3. | Great token utilities, thanks to gaming capabilities and DEX. |
| 4. | Revolutionary DEX with limited chain routing (RCR protocol). |
Yield farming - the practice of placing or lending crypto assets to generate high returns or rewards in additional cryptocurrency. This can be called liquidity dumping, and it is the only incentive to keep the decentralized exchange (DEX) running.
To cope with the limitation and increase in the number of unlimited tokens, the developers provide both limited tokens and unlimited - $ Nuggets, which gives users exclusive privileges (for example, control and use of gaming features). The rate of burning $ Nuggets and minting tokens is determined mathematically. There will initially be a $ Nugget pool that generates $ 0.046875 GoldCoins / block. As an additional deflation mechanism, $ Nuggets are blocked for 30 days before the $ GoldCoin token is collected.
Additional platform details
To ensure the safety and correctness of the state of the code, the developers ran over 300 different unit tests.
Each individual system health check counts as one unit test. Thus, the execution of a single function usually consists of multiple unit tests. All performed unit tests can be found on GitHub as well as the link. The developers provide a Whitepaper, as well as another introductory document, with the help of which any user can get information about the project.
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