🤺Battling for Rewards
A battle will have two participants – the primary participant, who chooses the principle amount of the battle as well as the “risk factor” and the secondary participant. The risk factor is the percentage of rewards earned that will be transferred to the winner of the battle. The remainder of that balance will be returned to the loser of the battle. The battle will only conclude when one of the two players chooses to un-stake, at which point that will be the “losing” wallet and the other wallet will receive the additional rewards.
The primary battler will pay a 20% fee on their initial stake while the secondary battler will pay 30% of the stake. So if each participant was to stake 100 $GEN then player 1 will begin the battle with 80 $GEN and player 2 will begin the battle with 70 $GEN. After the battle begins each participant will be rewarded 0.6% daily (non-compounding).
An example can be seen below:
After the battle concludes the winner will receive their own rewards they earned + the risk % of the loser’s rewards earned. These rewards will then be able to be re-staked in to other battles OR be withdrawn to your wallet. You will be able to withdraw up to 3, 5, or 7% of your rewards every 16, 24 or 32 hours.
The $GEN received by the treasury will be used to pay out referral rewards for users.
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