Distributing $MFER
Detailing the way that the token created and disbursed to its stakeholders
Last updated
Detailing the way that the token created and disbursed to its stakeholders
Last updated
The singular distribution method of $MFER is via staking your $ADA in our Stake Pool with additional bonuses for holding Old Money Bills.
Anyone can participate in the non-custodial process of staking your $ADA and NFTs to participate in the protocol. This enforces maintaining full control over ownership of their assets while leveraging the power of Cardano for mutual benefit.
For each epoch (~5 days), the $MFER is allocated in accordance with the Governance Options based on the $ADA and NFTs staked and accumulates in your MFER iD.
The MFER iD (an identification NFT) aggregates all the unclaimed $MFER to be redeemed via the Distribute smart-contract function available on the MFER Dapp at any time with a small $ADA fee.
You can view the $MFER accumulated on the blockchain via the metadata in the MFER iD. The NFTs are updated every epoch via a collective update to all eligible staked NFTs.
Only a portion of the $ADA generated by the Stake Pool is allocated to the Fuckery Protocol. The rest is awarded back to stakers based on the $ADA provided each epoch. Governance Options manage the allocation of the $ADA rewards back to the stakers and protocol with a 50/50 split as the default.
The calculation for $MFER distributed each epoch involves the following:
Old Money Bill NFTs owned, with different allocations for their Stamp Colors
Amount of $ADA contributed to the Stake Pool
Amount of time $ADA has been staked in the Stake Pool
Diminishing returns if $ADA and NFT balance is off
Caps on the maximum amount of $ADA per staker if nearing pool saturation
The distribution algorithm doesn't reward $MFER for simply existing. You must provide value to the protocol in exchange for your share of ownership. If you stake 100 Bills + 20 $ADA to the pool, you won't be allocated a significant portion of $MFER. On the other end of the spectrum, the algorithm incentivizes holding Bills. If you stake 1,000,000 $ADA + 0 Bills to the Stake Pool, you will be highly motivated to obtain Bills to also stake, drastically increasing your $MFER allocation.
We have no intention of running multiple pools, so as the Stake Pool nears saturation, the maximum amount of $ADA required to receive the full $MFER allocation decreases. This incentivizes participants to unstake their excess $ADA from our Stake Pool and contribute to another in the Cardano ecosystem.
The initial supply of $MFER is zero, but because $0.2 Bills have existed for almost two years at the time of the inception of $MFER, there is a backlog of $MFER that is distributed to accommodate.
The supply of $MFER will be distributed via Staking indefinitely.
There is a minimum requirement of $ADA that you must contribute to the Stake Pool to earn $MFER, which Governance Options control.
Along with staking your $ADA and Old Money Bills to earn $MFER, you can stake your unclaimed & claimed $MFER to earn an exclusive NFT series only available through this method. The ability to claim the NFT is associated with your MFER iD. This creates another motivation to hold $MFER to control supply dynamics and revenue drivers through periodic claims controlled by Governance Options.
The fair distribution of $MFER ensures risk is divided among the owners of the Fuckery Protocol, who actively contribute to providing some of the value that backs it.
Add the description of total supply, decimal precision, distribution curve over time, estimated $MFER per epoch at differing stages, years of distribution, havlings periods, how future Bills can be integrated
Add the formula to calculate $MFER distribution each epoch
Add the graph for supply over time
Add a link to the website that analyzes your wallet and potential Stake Pool contribution to show your rewards over time
