🪙Economic Model (Fi)
Ngage-Fi is an economic model composed of a series of complex and scientific algorithms. It is the core engine that drives the NBOX ecosystem to transcend reality, connect all "services", and bridge the metaverse.
💡A perfect goal to pursue
Fi shall provide value for everyone: investors, speculators, gamers, KOLs, early birds, and even late comers.
Fi shall provide a mechanism to react to unpredictable market swung of token price, and some degree of help to stabilize and raise it in the long run.
Fi shall encourage and reward players that continuously contribute to the game in one way or another.
The strategy of Fi shall be open and verifiable.
💡NBOX Volume, Timeline, and Distribution
The NBOX Tokens will be fully minted in 5 years. The total amount will be 100 billion. We use a concept of “N-time” as the normalized value of time from day-1 (0) to the end (1). For example, N-time is 0.2 at the 1-year time point.
100% of NBOX Tokens will be mined and minted. There will be nothing pre-allocated to team or air-drop. The team will mine themself, same as other players.
Since NBOX tokens are issued within 5 years, the economic model will determine the number of NBOX burned each day based on the investment of players on that day. The more you invest the less NBOX destroy, and vice versa. This burning is permanent, and every player can check the number of NBOX burn in real time in the burn pool contract address.
💡Hash Rate of Levels: Pneuma & Force
There are two levels to upgrade for an N-Guard:
“Pneuma” upgrading requires a fixed rate of 50 NBOX/point.
“Force” upgrading requires an initial rate of 5 BUSD/point, while it will raise gradually along with the N-time.
Either Pneuma or force can be upgraded independently, and they contribute to hash rate equally.
The hash rate is decided by both Pneuma and Force levels:
Note that the hash rate rises when either Pneuma or Force rises.
While only when Pneuma and Force reach same point, the hash rate may reach the maximum efficiency (10x of the point). Examples are:
When Pneuma=force=100, the hash rate reaches 1000
When Pneuma=120, force=80 or vice versa, you will get a hash rate of 960.
When Pneuma=180, force=20 or vice versa, your hash rate is only 360.
💡Mining & Minting
Each N-Guard or Divine-Beast mines a number (=hash rate) of minerals every day. The total minerals mined today will be minted to NBOX Tokens tomorrow. The daily tokens yield is decided by the total minerals (sum of hash rates) and N-time. The following figure shows the daily yield of A hash rate when N-time goes from 0 to 1:
Since the levels of Pneuma (50 NBOX/point) and Force (5+BUSD/point) are equally important in forming hash rate, and 1 point of Pneuma+Force forms 10 hash rate, then we may give each hash rate an estimated cost in NBOX: 50*2/10 = 10 NBOX/hash rate.
Thus, we can estimate the return curve of any investment by the integral of the curve above and get following curve:
More specifically, we list some typical cases below:
When invest at | N-time | 1x return(month) | Total return till t=1 |
---|---|---|---|
Day-1 | 0 | 1 | 15.6X |
6-month | 0.1 | 2 | 11.1X |
12-month | 0.2 | 3 | 8.4X |
24-month | 0.4 | 5 | 5.1X |
While the total up-to-date production curve is also restricted within an upper and a lower bound as shown by following figure to protect model going crazy from extreme situations that there is way too few or too much investment:
Please note that the data above is treating all players as combined one. The return of the model is nearly completely predictable (unless either upper or lower bound is reached on extreme corner cases). Thus, the data can be considered as an “average” for all players, while for anyone particularly, it could be higher or lower, depends on other factors that are explained as following.
💡Hash Rate and Daily Contribution, Keys to Earn More!
As mentioned above, total hash rate decides the daily yield of NBOX, while the allocation of each player is decided by more factors other than only his/her hash rate. NBOX yield of each day, is split to two parts: interest, and bonus
Interest part will be assigned to players according to their hash rate fairly.
While bonus part will be distributed to players based on their “daily contribution” formed from 4 elements:
“Fire”:daily upgraded hash rate in NBOX value.
“Earth”:daily rewards from current balance of deposit (described later) and NBOX coins spent in pneuma upgrading.
“Wind”:daily social rewards from referral chain (described later). The accumulated social rewards may be capped by your total hash rate.
“Aqua”:daily gaming rewards from gameplays and spending (game gold coins earned today in NBOX value). The accumulated gaming rewards may be capped by your total hash rate.
In one word, “participation”, one way or another, is the key to earn more!
💡Market Adapter
The allocations of yield and the factors of each elements in forming daily contribution are not constant, they adapt according to the market swung of NBOX price. Generally speaking, the lower the market price is, the more weights we shift to daily contributions and especially Pneuma upgrading and deposits.
When market price matches current level-up rate (making Pneuma and Force upgrading same cost), the regulator factor is 1. Note that 50 NBOX/Pneuma upgrading cost is fixed.
For some examples:
When Force/level=5 BUSD and market price of 1 NBOX is 0.1 BUSD, the regulator factor is 1
When Force/level=6 BUSD and market price of 1 NBOX is 0.24 BUSD, the regulator factor is 2
When Force/level=6 BUSD and market price of 1 NBOX is 0.06 BUSD, the regulator factor is 0.5.
The interest % goes higher when market price goes higher:
The “Wind & Aqua” (social/gaming rewards) get higher weight when price goes higher, while the “Earth” (rewards from deposit balance and NBOX spent in Pneuma) get significant higher weight when price goes lower:
Note the “Fire” (rewards from upgrading) factor is always 1.
💡Referral Incentive
Based on each player’s daily contribution, Fi rewards his/her sponsor (one level up in referral chain) with 10% contribution points up to an accumulation limit that is related to sponsor’s own hash rate.
We will indeed issue a corresponding NFT-BUFF (Super Invitation Privilege), which KOLs with more social resources can purchase. The BUFF can (for a limited time) unlock the above-mentioned revenue limit (no longer bound by their hash rate), and will be rewarded from an infinity level (decreasing proportionally) of referral incentive: 10%, 5%, 2.5%...
💡Deposit Rewards and Returning Schedule
A portion of NBOX income from daily yield will go to player’s deposit automatically. This depositing % is controlled by the market adapter. It goes higher when market price goes lower:
Player can manually deposit as well.
Daily reward of “Earth” element is given to player according to the deposit balance, and unlike social/gaming rewards, deposit reward is not limited by his/her hash rate.
A 1% of deposit balance is released on daily basis until balance is less than 1 NBOX (then all remaining is returned in one shot).
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