🔮Proprietary Algorithms
Last updated
Last updated
Bounty Temple's Proprietary Algorithms are the cornerstones of the P2EE model. Currently, 2 inter-related algorithms called the Weather Effect and Barrier Effect are employed; the former is used to control the price and supply of $GIA, while the latter serves to protect the value of BTMs.
The Weather Effect plays a vital role in ensuring the price stability of $GIA. The algorithm will be activated when the ratio of $GIA minted versus $GIA burned reaches a pre-defined threshold.
There are 4 tiers with different minting rate reductions:
Sunny: -20% minting rate
Cloudy: -40% minting rate
Rainy: -60% minting rate
Stormy: -80% minting rate
Under normal circumstances: Total $GIA burned = (Total $GIA minted) x2
Minted $GIA will be stored in the Pool
The token burning rate will be monitored by the $GIA Burn Meter, which will show the ratio of the $GIA in the Pool versus the daily $GIA withdrawal amount
The Weather Effect will be activated when the amount of $GIA in the Pool falls below 55% in a 24-hour period, thus slowing down the minting rate accordingly
The Barrier Effect is designed to help newcomers to the game reap the same amount of benefits as players who have early access to the game, thus helping Bounty Temple maintain a healthy player acquisition versus dropout rate.
When new BTMs are crafted, the player has the option to activate the Barrier Effect, which will be in effect for 75 days
When the Barrier Effect is activated, new BTMs will be immune to the Weather Effect, ensuring that earnings are not affected for players with new BTMs
