Note: This article comes from @gameboss_eth Twitter, and MarsBit compiled it as follows:
I have studied TITAN, a popular project today. Compared with Xen, it has an additional burning and staking reward mechanism, which is a bit of an optimized gameplay, but the specifics still depend on the strategy.
Official Telegram: https://t.me/TitanXCrypto
Official website: https://app.titanx.win
Founder: @inkayknows
Contract: 0xf19308f923582a6f7c465e5ce7a9dc1bec6665b1
First, let’s talk about the cost and benefits of mining:
The above figure shows that it is divided into single miner and batch mining. There is no difference in the power cost, which is 0.002ETH/power. 100power is considered a complete miner. The amount of money you can get every day is the number of miners * the number of days selected when starting mining Miner Lenth (1-280 days) * (the amount of $TITAN you can get every day * (Miner Power/100))
Today is the first day. A complete miner can earn 8,000,000 $TITAN + early mining rewards (daily output * early reward percentage) + ladder rewards + burning rewards (daily output * burning reward percentage). There is a mining calculator on the official website, you can check it out yourself.
every day
1. The cost of miners will increase by 0.08% compared to the previous day (the cost of each miner is 0.2E, with a maximum of 1E)
2. The output of $TITAN decreases by 0.35% every day compared to the previous day (8,000,000 mined daily at the beginning and 800 mined daily in the end)
3. The base bonus of the ladder reward is 0.35% higher than the previous day (the initial base bonus is 2200, and the final bonus is 0.22)
4. The price increases by 0.03% every day (based on mathematical logic, does not represent the final price trend)
Mining Rewards:
The early mining reward is 10%, which will be reduced to 0 within 350 days, and will be reduced by 0.02857142857% every day
Burn Rewards
The wallet's miner burning reward is initially 0. The miner's additional output ratio can be increased by burning $TITAN, with a maximum of 80 billion $TITAN to obtain 8% additional output.
Claim penalty mechanism:
If you receive the money within 7 days after the expiration date,
1 day, 1% loss
2 days, loss of 3%
3 days, loss of 8%
4 days, loss of 17%
5 days, loss of 35%
6 days, loss of 72%
7 days, loss of 99%
Staking is also a similar penalty mechanism
About ETH allocation
62% of ETH will be put into dex to buy and destroy $TITAN
28% allocated to people who stake $TITAN
7% is used to reward those who destroy $TIAN within 28 days
3% has unknown purpose and may be used to build ecosystem, etc.
There is nothing to say about pledge
The shortest pledge period is 28 days and the longest pledge period is 3,500 days.
The reward cycles include 8 days, 28 days, 90 days, 369 days and 888 days, and ETH rewards will be distributed in different proportions in each cycle.
Burn Rewards
The size and value of the burning pool will be calculated in each cycle, and users will be rewarded with ETH based on the proportion of their burning.
At the same time, other projects that build the ecosystem will be given airdrops based on how much they burn.
Then there is the game based on the gameplay.
First, let's look at the mining income. According to the current mining income, let's compare the two pictures. At the current price, without any ranking or burning bonus, it will take at least 4 days to get back the investment. Of course, it may actually take longer, because early miners will have ranking bonuses, which are calculated based on power. There may be selling pressure in the short term, but it is also a point of game.
Because the calculation formula of the ladder reward (TITAN RANK) is:
Reward = (current ladder reward * the power you specified when mining) * (global mining power when creating the mining machine - global mining power when starting)
Therefore, the rankings of short-term miners will be reset after the mining is completed, so they will no longer have a leading advantage. It is equivalent to leaving the market and starting over. It all depends on your choice.
In addition to mining income, there are also rewards from staking and burning. This part of the income will be very popular in the early stage. Because the difficulty of mining increases in the later stage, the chain faces selling pressure from early mining, so the number of miners may drop sharply. Therefore, in addition to mining, early burning and staking are also very attractive.
We mentioned above that 28% of the ETH purchased from miners is used to reward those who pledge, and 7% is rewarded to those who destroy.
Staking (28%):
28% is distributed every 8 days,
28% is distributed every 28 days,
18% is allocated every 90 days,
18% is allocated every 369 days,
8% is distributed every 888 days.
Burning (7%)
Distributed every 28 days
That is to say, early investors can try to get short-term staking income or 28-day burning income. The specific income can be calculated based on the data panel on the official website, which is relatively transparent. Now, according to the panel, the number of users' destruction is 0. A simple calculation shows that the current burning amount is 10460020658 ($225949). The output of a single miner in 28 days is at least 230804640, accounting for 2%.
The burning is based on the 62% ETH paid to miners, so based on the current global computing power in the data panel, we can roughly calculate how much ETH will be used to purchase $TITAN for destruction, and use this to calculate the profit after burning.
It's a pity that there is no dune to view more detailed data, otherwise the optimal strategy can be calculated (I want a master to show the entire DUNE chart)
By the way, I suddenly thought of a way to set a maximum number of days for a miner as the bottom position. When the unlocking time comes, you can choose to sell, pledge or burn according to the data at that time. After all, XEN has been a year, and this is only 280 days. The following is the calculated data. The burning bonus and rank bonus are not calculated, but the difference is not too big. You can see the difference between starting mining on the first day and starting mining on the second day. It is very obvious.
