SPW Token
Introduction about Space Power Token
Last updated
Introduction about Space Power Token
Last updated
SPW Token exchange:
Our economic model provides a fair and equal opportunity for all players to participate in the mining process and earn rewards. Unlike traditional mining models that often favor large mining pools, our model is designed to distribute rewards more evenly among all players, regardless of their level of investment.
The mining pool supply and, thus, the mining pool coefficient gradually decrease as the number of players increases over time, decreasing the amount of SPW tokens that may be mined each day. This not only helps prevent inflation, but also helps maintain the value of the SPW tokens over the long term. Moreover, the gradual reduction of the mining pool also creates a sense of urgency among players, as they know that the number of SPW tokens available for mining will decrease each day.
Let's look at the total quantity of SPW tokens mined at various periods to see how this will turn out over time.
Given a maximum mining pool size of 1,600,000 tokens on the first day, 500 players engaged in the mining process, each player with a varied mining rate, and an average mining rate of 3 tokens per day, the mining coefficient for the first day can be calculated using the formula:
Mining coefficient = (current mining pool size / max mining pool supply) x 100%
Mining coefficient for day 1 = (1,600,000 / 1,600,000) x 100% = 100%
The total number of SPW tokens mined on the first day can then be calculated by multiplying the number of players by the average mining rate and the mining coefficient:
Total SPW tokens mined on day 1 = 500 x 3 x 100% = 1,500 SPW tokens
On the second day, with 2% more players, the total number of players is 510, and we can calculate the mining coefficient for the day:
Mining coefficient for day 2 = ((1,600,000 - 1,500) / 1,600,000) x 100% = 99.91%
We can then calculate the total number of SPW tokens mined on the second day by multiplying the number of players by the average mining rate, and the mining coefficient:
Total SPW tokens mined on day 2 = 510 x 3 x 99.91% = 1,528 SPW tokens
Let's take an example with a 2% increase in the number of players per day. The below are the calculations for the days 8, 16, 32, and 64:
As you can see, the mining pool gap narrows slightly every day, creating a sense of urgency and encouraging players to stay involved in the game.
Our gameplay economical system is intended to be fair, long-lasting, and interesting. We have designed a model that will endure the test of time and provide a worthwhile and pleasurable gaming experience for gamers all around the world by integrating a built-in mechanism to assure sustainability, rewarding early adopters, and encouraging community interaction.
The sooner you start your journey through our galaxy, the more SPW tokens and valuable NFTs you can earn!
Day
Number of players
Average mining rate
Mining coefficient
Total SPW tokens mined
Current mining pool size
8
574
3
99.31%
1711
1588882
16
673
3
98.39%
1986
1574255
32
924
3
96.10%
2663
1537637
64
1741
3
89.01%
4649
1424108
