[ANN] ANKR/BTC Eligible for Trading as Mining and 3X MM Mining Rewards for One Week
christea last edited by
Trading pair ANKR/BTC will soon be enabled with trading as mining starting at 15:00 (UTC+8) on Apr 1.
A week of special event to receive 3X market-making as mining rewards for trading pair ANKR/BTC will also start from 15:00 (UTC+8) Apr 1 and last through 15:00 (UTC+8) on Apr 7.
Ankr Network aims to establish a more open cloud ecosystem by building a distributed computing platform that could leverage idle computing resources in an efficient marketplace. Noting high margins earned by tech giants involved in the cloud computing industry, the team behind Ankr Network believes there should be a way for researchers, students and startups to access affordable cloud computing in a way that is not centralized.
The ratio of VX rewards from buys versus sells is capped. When the ratio hits the cap, if one continues to place buy orders, their VX rewards will NOT be increased.
The ratio of VX rewards from sells versus buys is also capped. When the ratio hits the cap, if one continues to place sell orders, their VX rewards will NOT be increased.
Suppose that the BTC market has only ANKR/BTC trading pair and all orders are placed for 24 hours, a total of 250 VX will be allocated as mining rewards. Consider five scenarios as follows:
The mining calculation is conducted as follows:
The Base Number of 1 user on one market in a day = the sum of all Base Numbers of every single order of that market. Here, the Base Number (m) is subject to three factors: the order time (T), the order amount (A), and the mining coefficient (y). That is, m = T * A * y (T ≥ 300 seconds)
The sum of the Base Number on one market in a day = the sum of the Base Numbers of all eligible orders on that day. That is, M = m1+ m2 + m3 + .....mn
Mined VX of 1 user = m / M * 2.5% * VX daily released amount on that day
Mar 31, 2020