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Furucombo Transaction Mining Guide

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A token distribution method that combines transaction volume with liquidity mining.

Composable DeFi platform Furucombo announced that it will start a two-month innovative trading mining token distribution event from 11:00 on January 15, 2021 Beijing time. Simply put, Furucombo combines transaction mining with liquidity mining to create a brand new token distribution model with higher community participation.

Implementation process

This The core of the rules of the innovative token distribution is very simple - use Furucombo, you can get COMBO tokens. The main purpose of this is to fairly distribute COMBO tokens to community users and COMBO holders, and it is also the first stage of Furucombo’s development, incentivizing more users to use the platform.

Different from most liquidity mining projects, Furucombo focuses on both transaction volume and pledge. This means that even users who do not pledge have the opportunity to obtain COMBO tokens.

AsCOMBO Token Model In the hands of the community. Therefore, after the completion of the first phase, Furucombo will let the community decide the direction of the next phase of the project, including how to distribute the remaining COMBO tokens. Now, let's get into the details of this token distribution.

Plan Details

Weekly distribution of COMBO codes Tokens, the reward allocation will be calculated based on two factors:

The transaction volume from the qualified combination (cube), This part represents the level coefficient;

The amount and time of pledged tokens, this part represents the weight coefficient.

This means that the more users trade, the more COMBO they get. The more tokens the user pledges, the longer the pledge time, and the number of tokens obtained will increase.

1. Eligible transactions

If a user uses Furucombo to send a transaction that includes the combinations and tokens listed below, then you are eligible to receive rewards in COMBO tokens based on transaction volume. The team encourages everyone to join this project. We have specially designed rewards so that every user who uses a qualified combination can get COMBO rewards without staking tokens. In other words, users only need to use Furucombo to execute strategies as usual, and users can get COMBO tokens for free.

Qualified combination:

Maker Generate/Redeem/Deposit

Aave Deposit

Compound Borrow/Redeem

Uniswap transaction (output)

1inch transaction (output)

Curve transaction (output)

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Unqualified Tokens:

Tokens that have no price on Coingecko will not be eligible and will not be included in the calculation, eg: LP pool tokens.

Important notice: Due to the special transaction behavior of smart contract wallets such as Argent and DappLogic, this part of the pledge and transaction will are not counted.

2. Liquidity pool (Pools)

Liquidity pool is a weight factor used to amplify rewards. There are two pools on Furucombo where users can stake tokens to increase the weight factor.

COMBO Pool: pledge COMBO tokens;

COMBO LP Pool: The Furucombo team will transfer funds from COMBO LBP (Balancer) to the AMM pool on January 14, after which users can add liquidity to the AMM pool and stake LP Token on Furucombo.

Please note that the weight coefficient is calculated based on pledge area = pledge amount x pledge time.

3. Reward calculation

You can find the formula for reward calculation here link here , the distribution of rewards depends on the transaction level, stake amount and duration.

Transaction level: The greater the transaction volume in each round, the higher the transaction level, for example, user a/b/c ’s transaction volume is 10/100/1000 USD, and their transaction level is 1/2/3

Stake Amount: Bet on the amount in the contract, for example, user a/b/ c Bet 100/50/20 COMBO in the betting contract

Staking duration: The duration of the token pledge in the contract, for example, the pledge duration of user a/b/c 46500 blocks ~ = 1 week

Reward share = (transaction level * pledge amount * pledge duration)

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Example:

User Alice conducts transactions and pledges tokens: expected Get a high proportion of rewards

User Ben trades but does not pledge: is expected to receive some rewards

User Charlie does not trade, but pledges Currency: no reward

User Dora has no transaction, no pledge: no reward

Reward distribution:

A total of 187,500 COMBOs per week, 93,750 COMBOs per pool.

Rewards are calculated every Thursday and shared in < a href="https://discord.furucombo.app/" target="_blank" rel="noopener noreferrer nofollow">Discord channel for community review. If there is no dispute within 24 hours, the reward will be updated to the Furucombo contract (scheduled for Friday night). Afterwards, users can claim rewards through the "Claim COMBO" module on the official website.