Difference between revisions of "DWS Setup"

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====Examples of Real Stakes====
 
====Examples of Real Stakes====
  
   Burn: 1000000, Reward: 1492499, DWU: 49.2, Days: 365, Multiplier: 1.490x, Increase: 49.0%
+
   Amount: 1000000, Days: 365, Reward: 1492499, Increase: 49.0%
   Burn:  512000, Reward:  605121, DWU: 36.8, Days: 180, Multiplier1.180x, Increase: 18.0%
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   Amount:  512000, Days: 180, Reward605121, Increase: 18.0%
   Burn:  100000, Reward:  107540, DWU: 91.7, Days:  30, Multiplier1.075x, Increase:  7.5%
+
   Amount:  100000, Days:  30, Reward107540, Increase:  7.5%
   Burn:    7000, Reward:    7034, DWU: 25.2, Days:  7, Multiplier: 1.004x, Increase:  0.4%
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   Amount:    7000, Days:  7, Reward:   7034, Increase:  0.4%
  
 
'''NOTE:''' Longer stakes reward more then shorter stakes, Longer is exponentially better!
 
'''NOTE:''' Longer stakes reward more then shorter stakes, Longer is exponentially better!

Revision as of 01:03, 28 January 2020

DWS (Dynamic Whale Staking) allows BiblePay coins to be burnt and then potentially be rewarded back with interest

Staking

Can stake for 7 to 365 days
Can use amounts between 100 and 1,000,000 BBP

Examples of Real Stakes

  Amount: 1000000, Days: 365, Reward: 1492499, Increase: 49.0%
  Amount:  512000, Days: 180, Reward:  605121, Increase: 18.0%
  Amount:  100000, Days:  30, Reward:  107540, Increase:  7.5%
  Amount:    7000, Days:   7, Reward:    7034, Increase:  0.4%

NOTE: Longer stakes reward more then shorter stakes, Longer is exponentially better!


Commands

Get a Quote and Check All Stakes

 exec dwsquote [optional 1=my stakes, 2=all] [optional 1=all, 2=unpaid only (default)]

Test Staking

 exec dws AMOUNT DAYS 0 [optional RETURN_ADDRESS]

Burn Stake

 exec dws AMOUNT DAYS I_AGREE [optional RETURN_ADDRESS]

NOTE: Default RETURN_ADDRESS is your CPK (Christian Public Key)

NOTE 2: Your wallet must be unlocked to perform a stake

NOTE 3: After your stake matures, rewards can take up to 2 days to process


Disclaimer

I AM MAKING A SELF DIRECTED DECISION TO BURN THIS BIBLEPAY, AND DO NOT EXPECT AN INCREASE IN VALUE. I HAVE NOT BEEN PROMISED A PROFIT, AND BIBLEPAY IS NOT PROMISING ME ANY HOPES OF PROFIT IN ANY WAY. BIBLEPAY IS NOT ACTING AS A COMMON ENTERPRISE OR THIRD PARTY IN THIS ENDEAVOR. I HOLD BIBLEPAY AS A HARMLESS UTILITY. I REALIZE I AM RISKING 100% OF MY CRYPTO-HOLDINGS BY BURNING IT, AND BIBLEPAY IS NOT OBLIGATED TO REFUND MY CRYPTO-HOLDINGS OR GIVE ME ANY REWARD.


Technical Details

https://forum.biblepay.org/index.php?topic=468.0


References

https://forum.biblepay.org/index.php?topic=468.0

https://forum.biblepay.org/index.php?topic=465.msg6423#msg6423

https://forum.biblepay.org/index.php?topic=487.0