WINEX Rewarding System Changed & Added 10 Maximum Calls
winex
Published: 12 Oct 2021 › Updated: 12 Oct 2021
WINEX Rewarding System Changed & Added 10 Maximum Calls
Hello Hivers,
Like we said earlier, we successfully upgraded the WINEX script to make Ten (10) successful calls. While we are upgrading the script, we have identified Rewarding System needs a change to attract people to stake or hold more WINEX tokens to earn curation rewards.
Previous (Ex) Rewarding System?
Call
Stake or Hold (WINEX)
Author Reward
Curator Reward
Call APR(%)
Total APR(%)
01
25
0.1
0.1
146
146
02
75
0.2
0.2
97
146
03
225
0.3
0.3
49
97
04
675
0.4
0.4
43
54
05
2,025
0.5
0.5
36
27
According to the previous rewarding mechanism More you stake or hold, the less you earn. It might drop investors' interest on hold or stake more tokens and actively share comment-based WINEX (Previously WINE) tokens with worthy authors/commenters.
Therefore, we decided to share a new rewarding mechanism with a complex formula that works in few different tiers.
New Rewarding System?
We will not change the rewarding system up to 3 calls (675 WINEX tokens stake or hold)
Call
Stake or Hold (WINEX)
Author Reward
Curator Reward
Call APR(%)
Total APR(%)
01
25
0.1
0.1
146
146
02
75
0.2
0.2
97
146
03
225
0.3
0.3
49
97
04
675
0.8
0.8
43
76
05
2,025
2.0
2.0
36
61
06
6,075
9.6
9.6
58
78
07
18,225
22.4
22.4
45
71
08
54,675
51.2
51.2
34
58
09
164,025
230.4
230.4
51
71
10
492,075
512
512
38
61
According to our latest WINEX comment-based rewarding system, you can earn a higher APR(%) when you stake or hold more WINEX tokens. Similar to HIVE, you will receive a 50% curation reward when supporting worthy posts & comments.
Moreover, the upgraded script is supporting to add more calls when the total token supply expands.
Less Circulating Supply Cannot Support 7th Call Upward?
Yes, the current WINEX token supply cannot support the 7th reward call upward. But if you actively share rewards to worthy posts/comments, more tokens will start minting.
We could collect 685 BEE tokens so far. We are not in a rush, but we will try to reach our ultimate goal (1000 BEE) to enable the stake feature of the WINEX token in the next few weeks.
$WINE is a brand-new community engagement & social rewarding token on top of the Hive Blockchain, issued on the Hive-Engine sidechain and named after the drink which led to cultural expression, innovation and prosperity.
We have not curated any of winex's posts yet. But you can encourage our curation team to review posts by visiting them regularly and by referring other readers. Because we give priority to frequently read content.
