Monthly fee wallet
Last updated
Last updated
Monthly fee wallet gets emptied on the last day of each month at 23:58 CET and starts refilling for the following month with each Weekly fee wallet emptying (After TWR spread to holders). The emptying of Monthly fee wallet will be called The Monthly Reward (TMR). TMR for each wallet (holder) will depend on:
• Time period of last purchase/sell/transfer – coef. K will be used
• Bonke holdings (% of your Bonke holding in Total Circulating Supply) – coef. P will be used
• Monthly fee wallet balance – coef. B
Your TMR = K x P x B
Coef K. Table:
Example N1: There is 1 000 000 Avax in The Monthly Fee Wallet at 23:58 CET on the last day of the month and you are holding 1% of total Bonke circulating supply. You bought on 7th of the same month and haven’t made any transactions until month end. Your TMR for that month equals TMR = 0,76 x 0,01 x 1 000 000 = 7 600 Avax
Example N2: There is 1 000 000 Avax in The Monthly Fee Wallet at 23:58 CET on the last day of the month and you are holding 1% of total Bonke circulating supply. You bought on 30th of the same month. Your TMR for that week = 0, but if you hold and don’t make transactions until next TMR your K equals 1.
Example N3: There is 1 000 000 Avax in The Monthly Fee Wallet at 23:58 CET on the last day of the month. For this example only lets say the circulating supply of Bonke on 23:58 on the last day of the month is 100 000. You bought 90 Bonke during previous month and didn’t sell any, you then additionally bought 10 Bonke on 3rd and haven’t made any transactions until month end. Your TMR for that month equals: TMR = 0,84 x 100/100 000 x 1 000 000 = 840 Avax
What happens with all the unused Avax from The Monthly fee wallet?
• 70% of the unused Avax stay in The Monthly fee wallet for the following month.
• 10% goes up to marketing
• 10% goes into collective investing wallet – buying other project and airdropping to holders
• 10% goes to Monthly airdrop wallet
The Monthly Airdrop wallet and Collective investing wallet are described in the following chapter.