Implementation Mechanism
➥ Token Swap Logic
The overall functionality is divided into three major sections: Check-in, Token Swap, and Non-Fungible Token (NFT) Minting.
Check-in:
Users record daily information on the smart contract, marking their support and interaction with the contract.
Token Swap:
Users exchange their existing virtual currency for a desired target virtual currency through the smart contract.
NFT Minting:
Users can mint a digital asset (image, text, video, model, program, etc.) into a non-fungible token on the blockchain contract. This process involves writing the authorship information into the token, and the unique identifier is recorded in the user's account data space, establishing factual ownership.
For the above functionalities, a certain amount of gas fees is required. These fees will dynamically adjust based on the operating costs on the blockchain. However, each time the above functions are triggered, users will receive corresponding points and a random point multiplier. The specific multiplier is random and will continuously change based on entropy, making it unpredictable and impossible to simulate.
The multiplier operates on a weekly basis. At the beginning of the next time unit, the reward points are calculated and distributed to the users. (Reward points are the product of the points earned with the multiplier during the previous time unit.) Currently, points are just a record, but there are plans to issue tokens in the future. Users who have accumulated points will be able to convert these points into the issued tokens according to a certain conversion rule.
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