Vesting Rewards
Diamond Hands are Rewarded
Vesting Mechanics
The vesting period is an optional 8-day timeframe. During this time, users have the choice to claim their mined BFX tokens immediately or wait for full vesting to maximize their rewards
Claiming During Vesting
Users can claim their mined BFX tokens anytime after the mint day being claimed has concluded.
If claimed before the 8-day vesting period concludes, a portion of the mined tokens will be forfeited based on the day of the claim. (Up to 8% Max)
Forfeited tokens are added to the Vesting Rewards Pool to reward users who hold their tokens longer for each individual minting day.
Vesting Schedule (Example) Each miner follows its own vesting schedule, meaning miners from different days will vest separately. For example:
Day 1: User Mines BFX. Nothing is claimable until the next Day.
Day 2: User can claim 92% of Day 1’s mined BFX.
Day 3: User can claim 93% of Day 1’s mined BFX.
Day 4: User can claim 94% of Day 1’s mined BFX.
Day 5: User can claim 95% of Day 1’s mined BFX.
Day 6: User can claim 96% of Day 1’s mined BFX.
Day 7: User can claim 97% of Day 1’s mined BFX.
Day 8: User can claim 98% of Day 1’s mined BFX.
Day 9: User can claim 99% of Day 1’s mined BFX.
Day 10: The user’s Day 1 miner becomes fully vested. The user can now claim:
100% of Day 1’s mined BFX tokens.
A share of the Vesting Rewards Pool “Up to a maximum 300% additional BFX from Vesting.”
Vesting Rewards Pool The Vesting Rewards Pool is designed to incentivize long-term holding. Users who wait for the full Vesting Period to complete, or longer to claim, will receive additional rewards from this pool.
Key Points:
The pool is funded by forfeited tokens from early claims during the vesting period.
Rewards are distributed proportionally based on a user’s SBP relative to the remaining total SBP.
Users who fully vest and claim after the 8 day Vesting Period, will receive their share of the Vesting Rewards Pool “Up to a maximum 300% additional BFX from Vesting.”
Formula for Fully Vested Claims: The total claimable vesting bonus amount when fully vested is calculated as follows: Total Vesting Bonus Claimable =
((User's SBP * Vesting Bonus Pool) / Total SBP From Remaining Users) / 2
This amount is capped at a maximum of 300% the user's BFX mined for the day.
Mining Phase Fully Vested Claim
Withdrawal Distribution:
50% of the user's Vesting Bonus is withdrawn directly to their wallet.
The remaining 50% is redistributed to the unclaimed users for the day, increasing their Vesting Bonus proportionally.
Vesting Cap:
If the user's Vesting Bonus exceeds the cap of 300% their daily BFX mined, the excess amount is distributed evenly across the next 8 Mining Days' Vesting Pool.
Last Man Standing:
Once the 'Last Man Standing' claims, the 50% of their Vesting Bonus is evenly distributed to the next 8 Mining Days' When the final user claims their bonus for the day ("Last Man Standing"), 50% of their Vesting Bonus is evenly distributed to the Vesting Pool for the next 8 Mining Days.
Recycle Phase Fully Vested Claim
Effective starting Day 361
Claiming Before Day 369 -
Withdrawal Distribution:
50% of the user's Vesting Bonus is withdrawn to their wallet.
The other 50% is redistributed to the unclaimed users for the day, increasing their Vesting Bonus proportionally.
Vesting Cap:
If the user's Vesting Bonus exceeds the cap of 300% their daily BFX mined, the excess amount is added to the Recycle Pool.
Last Man Standing:
When the final user claims ("Last Man Standing"), 50% of their Vesting Bonus is directly added to the Recycle Pool.
Claiming On or After Day 369:
Withdrawal Distribution:
50% of the user's Vesting Bonus is withdrawn to their wallet.
The remaining 50% is redistributed to the unclaimed users for the day, increasing their Vesting Bonus proportionally.
Vesting Cap:
If the user's Vesting Bonus exceeds the cap of 300% their daily BFX mined, the excess amount is evenly distributed to the next 8 Mining Days' Vesting Pool.
Last Man Standing:
When the final user claims ("Last Man Standing"), 50% of their Vesting Bonus is evenly distributed to the Vesting Pool for the next 8 Mining Days.
Maximize Your Earnings
By waiting for full vesting, users not only secure 100% of their mined BFX tokens but also earn a share of the Vesting Rewards Pool. The longer you hold, the more you can earn in BFX! Vesting Bonus is Capped at 300% to protect the integrity of the protocol.
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