Episode Two involves mining WatPoints via a mining activity on Telegram. Participants only need a Telegram account to join this activity. By engaging in the mining process on Telegram, participants can earn WatPoints which contribute to their ...Read more
Tag: Cryptocurrency
Cryptocurrency is digital money using blockchain technology, allowing fast, secure, and decentralized transactions without banks or middlemen.
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The WatBird is a meme character central to the Wat Protocol, replacing the phoenix from the earlier Phoenix Protocol. The WatBird adds lore and character to the initiative, making the participation more engaging for the community. As the Wat Protocol ...Read more
WatPoints are the rewards collected within the Wat Protocol. Participants can earn WatPoints through various episodes and events, such as staking GMEE tokens or engaging in mining activities on Telegram. Although the exact purpose of WatPoints will be revealed in ...Read more
Blast Points represent a measure of user activity and engagement on the platform. They are calculated based on snapshots taken at each block, considering the absolute value of the user’s net assets (supplied – borrowed) in Pac Finance.
Blast Points are calculated based on the net assets (supplied – borrowed) of users in Pac Finance, considering transactions involving assets like ETH, stablecoins, and other supported assets.
The rate of Blast Points per block varies for different assets. For example, the rate for ETH is 0.06504987 Points/Block/ETH, indicating the number of Blast Points generated per block for each unit of ETH involved in transactions.
Pac Finance aims to prioritize its users by refunding 100% of all Blast distribution rewards back to them. This demonstrates the platform’s commitment to providing genuine value and fostering financial inclusion among its users.
During a Blast Gold distribution period, the user’s Blast Gold quantity is determined by their Blast Points‘ proportion relative to the total Blast Points within that period, as calculated using the method described above.
Blast Gold represents a form of rewards earned by users based on their Blast Points’ proportion relative to the total Blast Points within a distribution period.
Blast Points obtained through transactions involving assets like ETH and stablecoins (fwWETH/fwUSDB) are distributed by Ring Exchange to Pac Finance, which then refunds all Blast Points to users. Similarly, Blast Points obtained through other assets (oETH, oUSDB) are distributed ...Read more