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NMS LP Reward Pool
Players can “Buy Energy” with their NMS LP tokens and increase their pool share to receive more BUSD from the pool. Users receive the same amount of NMS LP Energy according to the NMS LP tokens spent on the pool (1 NMS LP = 1 POOL ENERGY). Upon buying energy, all of the NMS LP tokens are sent to the dead wallet, so that they can not be recovered. This means purchasing power is one-sided, and the process can not be reversed.
Dripping Reward Mechanism The pool implements a daily distribution of 2% of its total holdings of BUSD. This approach effectively addresses the disparities between high- and low-profit days, encouraging miners to keep minting new LP Tokens. By doing so, the aim is to ensure that new players are not left behind, as the overall reward amount will not diminish rapidly and will consistently offer more stable returns to pool stakers in the long term.
Furthermore, this constant boost in the pool's rewards serves a dual purpose. On one hand, it facilitates new miners in competing with the established ones more easily. On the other hand, it encourages existing stakers to maintain their participation in order to sustain their competitive share ratio.
Energy Decay Mechanism To ensure a fair playing field for new participants and encourage continuous LP minting, we have implemented a daily decay of 1% on users' energy. This mechanism aims to maintain long-term balance and promote ongoing engagement in the LP minting process.
The decay mechanism's true winners will be those who actively participate in the LP minting process. They will form the backbone of the loyalty program, providing continuous support to the reward pool and enhancing overall returns. This will help establish an ever-running Reward Pool and facilitate a healthy and stable circulation of LPs, leading to more evenly distributed profits in the long term.
Daily rewards distributions and power decays apply every day between 00:00 - 00:10 UTC.
NMSLP Token Details: Token Name: Nemesis Network Loyalty Point Token (NMSLP) Contract Address: 0x2CBceE506304b579149749758BBF877B4b40E6d2 NMSLP Tokens are non-tradeable and non-transferable.
Please be aware that the decay only affects NMSLP Tokens when they are spent for Pool Energy in the Reward Pool. Therefore, NMS LP Tokens held in your wallet will not be subject to decay.