Earning Mamba with Miners
One of the key ways to earn Mamba is by creating miners using your PLS or pDrip tokens. Here's a more detailed breakdown of how miners work and why longer pays better:
Create Your Miner: To start, you’ll use your DRIPX tokens to create a miner. The miner acts as a tool to generate Mamba, and the length of time you set for the miner directly affects how much Mamba you can earn.
Longer Pays Better: The longer you create your miner for, the higher your APR (Annual Percentage Rate). The longer you commit to letting your miner run without claiming rewards, the more Mamba it will generate over time. This incentivizes long-term participation and patience, giving bigger rewards to those who stay invested in the system.
Claiming Mamba: You can only claim your Mamba rewards once your miner expires. After the expiration, you’ll be able to claim all the Mamab you’ve earned. If you wait too long to claim, though, be aware of the penalties.
Late Claim Penalties: After the miner expires, you have a 7-day grace period to claim your Mamba rewards. If you claim after that, you’ll face late claim penalties that reduce your overall rewards. For more details on this, you can refer below.
Hyper Deflationary Mechanism: Here’s the kicker—100% of all Deposits used to create miners is burns ICE. That’s right, every miner created reduces the overall ICE supply, making it hyper deflationary. This burn mechanism helps to boost scarcity and, over time, increases the value of remaining ICE tokens.
Penalties:
- Claim within the 7-day grace period to avoid penalties.
- After that 7-day grace period, you enter penalty zone, which looks like this:
if 1 day late ~> lose 1% of your claimable Mamba
if 2 days late ~> lose 3%
if 3 days late ~> lose 8%
if 4 days late ~> lose 17%
if 5 days late ~> lose 35%
if 6 days late ~> lose 72%
if 7 days late ~> lose 99%
Limits:
- Each wallet is limited to a maximum of 1000 miners.
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