Weekly fee wallet
Last updated
Last updated
Weekly fee wallet gets emptied every Sunday at 23:59 CET and starts refilling for the following week with every transaction (might differ from week to week based on free time from dev. To better reward the holders there is a catch for those who sell. The emptying of Weekly fee wallet will be called The Weekly Reward (TWR). TWR for each wallet (holder) will depend on: • Time period of last purchase/sell/transfer (7 time periods each week) – coef. K will be used
• Bonke holdings (% of your Bonke holding on your latest purchase in Total Circulating Supply) – coef. P will be used
• Weekly fee wallet balance – coef. B Your TWR = K x P x B Coef K. Table:
Example N1: There is 100 000 Avax in The Weekly Fee Wallet at 23:59 CET on Sunday and you are holding 1% of total Bonke circulating supply. You bought on Monday during the same week. So your TWR for that week equals TWR = 1,00 x 0,01 x 100 000 = 1 000 Avax
Example N2: There is 100 000 Avax in The Weekly Fee Wallet at 23:59 CET on Sunday and you are holding 1% of total Bonke circulating supply. Your last transaction was on Sunday during the same week. Your TWR for that week = 0, but if you hold until next Sundays TWR your K equals 1.
Example N3: There is 100 000 Avax in The Weekly Fee Wallet at 23:59 CET on Sunday and you are holding 0,2% of total Bonke circulating supply. For this example only lets say the circulating supply of Bonke on 23:59 on Sunday is 10 000. You bought 10 Bonke during previous week, you then additionally bought 10 Bonke on Tuesday. Your TWR for that week equals: TWR = 0,80 x 20/10 000 x 100 000 = 160 Avax
Example N4: There is 100 000 Avax in The Weekly Fee Wallet at 23:59 CET on Sunday and you are holding 1% of total Bonke circulating supply. For this example only lets say the circulating supply of Bonke on 23:59 on Sunday is 10 000. You bought 10 Bonke during previous week, you then sold 3 Bonke on monday. Your TWR for that week equals: TWR = 0,90 x 7/10 000 x 100 000 = 63 Avax
What happens with all the unused Avax from The weekly fee wallet? • 80% gets transferred into the Monthly Fee Wallet • 20% gets transferred(stay) in the Weekly Fee Wallet The avax gotten by the lp share goes into marketing. The Monthly fee wallet is described in the next chapter.
