♻️The Daily Update
Last updated
Last updated
For every new day that ticks over in the contract, these variables get updated:
ETH Cost for Miners goes up +0.08% every day based on day before
TITANX Mineable per Day of Mining goes down -0.35% every day based on day before
this mimics the Bitcoin 4-year halving but does it every year, instead of every 4 year
tRank Bonus goes down -0.35% every day based on day before
Share Rate goes up +0.03% every day based on day before
This means that it always becomes harder & more expensive to get TITAN for every day that passes.
The general rule for staking and mining is: today is always better than tomorrow.
Here are the start & end values of TITAN. The daily update keeps increasing & decreasing things until the minimum and/or maximum caps below are hit. This will happen over a period of years.
ETH Cost per Max Miner, Min & Max: ETH Cost per Max Power Miner at start: 0.2 ETH ETH Cost per Max Power Miner at end (cap): 1 ETH
Supply Mineable per Day of mining, Min & Max: Supply Mineable per Day at start: 8,000,000 Supply Mineable per Day at end (cap): 800
tRank Bonuses Amounts, Min & Max: tRank Bonus at start: 2,200 tRank Bonus at end: 0.22
Share Rate, Min & Max: Share Rate start: 800 Share Rate end (cap): 2800
To make things simple to understand, here's how this works out:
The "Cost to mine 1 TITANX" moves up 55,000x
(the cost per miner in ETH gets 5x more expensive, from 0.2 ETH to 1 ETH)
(the TITANX per day per miner goes down 11,000x from 8.8M to 800)
Combined together, that's a 55,000x price floor increase on the cost to produce 1 TITANX.
Since share rate moves up 0.03% every day as well, from 800 to 2800, a 3.5x increase.
This + the thing above means the cost to produce 1 share in staking goes up 55,000x * 3.5x = 192,500x
The above is not a price prediction of any kind, it's just a description of the math inside of the protocol describing the cost of production over time until the protocol hits its caps and should not be used and/or looked at as financial advice in any way shape or form.
