Incinerator(2.0)
Burn to earn
Last updated
Burn to earn
Last updated
Burning while earning is one of the core features of the XEN Garbage Dump project, providing players with a beneficial mechanism for participation and earnings. Through the burning while earning mechanism, players can create their own incinerators on a decentralized protocol and participate in the distribution of earnings. All players can become shareholders of the incinerator by pledging GDXEN, earning continuous passive income. In addition, the incinerator allows players to burn garbage coins, generate income, and promote the continuous development of the entire garbage dump ecosystem. Through collaborative efforts, the incinerator will drive the prosperity of the entire garbage dump project, creating a fair, transparent, and sustainable blockchain ecosystem.
Any player can easily create an incinerator on the decentralized protocol of the garbage dump project by following a simple process. The incinerator is successfully created when a player purchases the first garbage bag.
Once an incinerator is successfully created, its detailed information is permanently recorded on the blockchain, ensuring its immutability and transparency. By sharing the purchase and sale of garbage bags and burning garbage coins, everyone participating in the burning process can earn income in this fair, transparent, and sustainable blockchain ecosystem.
Each incinerator is established when the creator purchases the first free garbage bag.
The price of garbage bags for each incinerator is independent and changes with the buying and selling activities of players. As more people buy, the price increases, allowing players to freely engage in gaming activities and earn income. The price is determined by the price curve designed by the protocol:
The system operates on a 28-day burning cycle, with a 4% fee from each purchase or sale of garbage bags entering the garbage burning pool. At the end of the cycle, players receive bonuses from the garbage burning pool based on the proportion of their burned garbage coins to the total burning volume:
This earnings component is optional, as players can choose whether to burn garbage coins when selling garbage bags.
When your friends participate in buying and selling garbage bags through your referral link, you earn a 1% fee.
You become their referrer, and you continue to earn this fee for all their buying and selling activities unless they change their referrer.
If a player does not specify a referrer, the default referrer is the official team.
Players holding $GDXEN can pledge it to the protocol, and the protocol automatically allocates 3% of the fee income to the pledger.
When selling garbage bags, players can choose to burn a certain amount of garbage coins or not. The amount burned determines the bonus players receive from the garbage burning pool.
Only incinerators with the corresponding tokens can burn those tokens.
The operation of incinerators is based on a decentralized protocol, allowing anyone to create incinerators on the incinerator protocol. This design makes participation in incinerators more convenient and open, providing equal opportunities for all GDXEN holders and regular players.
As the energy source of the garbage dump project, incinerators offer players lucrative income opportunities while promoting the continuous development of the garbage dump ecosystem. Through collaborative efforts, incinerators will drive the prosperity of the entire garbage dump project, creating a fair, transparent, and sustainable blockchain ecosystem.
