⛏️Flork Mining V1
Join the wonderful Flork Mining V1, in which you can use Flork tokens to hire mining excavators to extract locked tokens from the contract. It's worth noting that tokens added to the contract can only be withdrawn using the $FLORK token.
MECHANICS
The best and most sustainable FLORK miner grants you 8% daily rewards in the FLORK token.
BENEFITS
Up to 8% Daily ~ 1460% APR
2.5% Compound Bonus
10% Referral Bonus Compound
Timer of 12 hours 4-hour Withdrawal
Cooling Off Period 48-hour
Reward Accumulation Limit Mandatory 5-time
Compound Feature 30% Feedback Tax for Early Withdrawals.
IMPORTANT NOTE!
Users must compound X times before they can withdraw. If a farmer chooses not to reinvest or hire more farmers using their earnings and keeps withdrawing continuously, a 30% feedback tax will be charged to the farmer, which will remain part of the contract.
To further encourage the community to reinvest/compound, there will be an additional 2.5% bonus for each compounding action performed by the user, which can accumulate up to 30% for 5 times. By doing so, this will ensure the long-term potential benefit for every investor.
High risk! Funds used to build excavators initially (including repairs) cannot be withdrawn; however, your excavators will work indefinitely and dig holes for you. Use the application at your own risk.
What is FLORK Mining?
Flork Mining V1 is a decentralized application built on the Binance Smart Chain. The goal of the game is to hire more excavators before and more frequently than other players. This, in turn, allows you to earn FLORK faster. These excavators work tirelessly for you, providing you with an average daily return of 8% of the value of your miners.
The daily percentage yield depends on the actions of the players taken within the platform, which affect the mining efficiency rate. The farming efficiency rate goes up and down as users buy more miners, reinvest their earnings, and sell their productions for FLORK.
Once miners are purchased, they cannot be sold, and the investment made to reinvest in them (either through hiring or rehiring) cannot be recovered. However, once purchased, Farmers will not stop producing yields.
The cooldown time is the amount of time it will take for your "cart" to fill up with rewards. Once the bag is full, it will stop filling until you take some action in the game. This is to prevent whales from letting their rewards accumulate for too long and removes the false impression that the contract value is increasing when most of it is rewards the whale is waiting to withdraw immediately.
The withdrawal recovery time is the amount of time one has to wait before being able to make another withdrawal. This also prevents the contract balance from decreasing too rapidly.
The compounding count is the number of times the user has compounded. By default, the compounding count required by the platform is 5, which means the user will have to compound 5 times (compound once every 12 hours) before being able to withdraw without the 30% feedback tax. This feature essentially ensures the project's longevity and stability.
To reward users who compound, there is a bonus when you reinvest your daily crop earnings instead of selling them. The bonus increases by 2.5% every 12 hours you compound without withdrawing. This incentivizes the user to compound more frequently, which will help increase the efficiency rate of farms in the long run. To be able to use the reinvestment bonus feature, the player must not compound before the provided timer reaches 00:00:00.
For players who choose not to play the game and only sell, there will be a 30% tax on those sales that will remain in the contract. If the player makes two or more consecutive sales, this tax will be applied. The only way for the user not to pay the 30% tax is to compound 5 times before making another withdrawal.
How does FLORK Mining V1 work?
This platform works similarly to a financial market, where an asset has an intrinsic value relative to the supply or demand of that asset. Miners are purchased with a predetermined currency at a price relative to the current mining efficiency rate of farmers. Once Miners are purchased, they start working for you immediately to provide the best possible return on your investment for as long as possible. Like any other asset bought and sold in an open market, the price of a miner will fluctuate over time, just like the mining efficiency rate, as you and other players recruit miners, reinvest earnings, and sell earnings. In simple terms, the higher the demand for farmers, the more their value will increase and the more yield they will produce. Conversely, when demand decreases, the value of miners and their daily return on investment will also decrease.
The main difference between this game and a traditional financial market is that the recruited miners cannot be sold; only the value they provide can be sold. As players of the game as a whole reinvest their earnings and make new deposits, the game's efficiency rate will remain relatively constant, but the moment players start selling more than they are reinvesting, the efficiency rate will begin to decrease to preserve TVL and the game's longevity.
WEBSITE
Important
Always conduct your own research (DYOR: Do Your Own Research).
There's always a risk of uncertainty.
Your $FLORK token stake is added to the contract's liquidity. If the contract runs out of $FLORK tokens, it will stop paying immediately. Always make sure to check the contract balances regularly.
Last updated
