⛏️Miner

Overview:

• The Miner is a smart contract system where investors deposit BNB to start earning rewards over time. When you invest, you hire "miners" that generate a resource called "Iron."

• You can then use this Iron to compound your investment (by hiring more miners) or sell it for BNB rewards.

• Your daily reward rate—referred to as the "UP TO" rate—starts at a base of 10% and can increase based on your character’s equipment and experience, up to a maximum of 25%.

• Every 1000 XP boosts the rate by 1%. For example, if your character has 5000 XP, your maximum daily rate becomes 15% (10% base + 5% bonus).

How to Invest:

• Investment with BNB: You invest by sending BNB to the contract (Enter BNB Amount). When you do this, 1% of your investment is taken as an buy fee (tax).

• Conversion to Iron: The remaining BNB is converted into Iron using a built-in algorithm. This Iron is then used to hire miners, which will start generating more Iron over time.

Key Terms:

• Contract: This is the amount of BNB accumulated in the miner's contract.

• UP TO (Daily Reward Rate): This is the maximum daily percentage of return you can achieve:

  • Base Rate: 10%

  • Bonus from Equipment/Experience: For every 1000 XP, add 1% (e.g., 5000 XP = +5%).

  • Cap: The rate cannot exceed 25% per day.

• Your Miners: This is the number of miners you have hired. Miners continuously produce Iron at a rate proportional to the time since your last investment action (such as hiring or rehiring).

• Your Iron: This represents the total Iron accumulated by your miners. It’s the sum of:

  • Claimed Iron: Iron you’ve already accumulated.

  • Generated Iron: Iron produced since your last action (calculated based on your number of miners and time elapsed).

• Pending Rewards: These are the BNB rewards you can claim when you decide to sell your accumulated Iron. The conversion rate from Iron to BNB depends on market conditions within the contract, and a 5% sell tax applies when you cash out.

Functions:

• HIRE MINERS:

• What It Does: When you initially invest BNB, you call the Hire Miners function.

• Process:

  • BNB is received (with 1% deducted as an entry fee).

  • The remaining funds are converted into Iron.

  • That Iron is immediately used to hire miners—more Iron means more miners.

  • If you provide a referral address, that referral gets a bonus (by default, Miners are credited to the referrer).

• REHIRE:

• What It Does: Instead of selling your Iron for BNB, you can compound your earnings by converting your accumulated Iron into additional miners.

• Process:

  • The function calculates your total available Iron (both claimed and generated since your last action).

  • This Iron is then converted into new miners using a fixed conversion rate.

  • Your Iron balance resets to zero and your miner count increases.

  • Referral bonuses are also applied in this step.

• Outcome: Your capacity to generate Iron increases, as you now have more miners working for you.

• SELL:

• What It Does: When you want to claim your BNB rewards, you sell your accumulated Iron.

• Process:

  • The contract converts your Iron into BNB based on the current market conditions.

  • A sell tax of 5% is applied to the sale.

  • The net amount (after tax) is transferred to your wallet.

• Outcome: You receive BNB as your reward while your Iron balance resets, and you can choose to reinvest (rehire) later if desired.

This explanation should give you a clear understanding of how the Miner operates, how money (BNB) flows through the system, and what each key term and function means within the ecosystem.