BUDS STATS - 912.74% APY IN BUDS STAKING + EXP AND 9.46% APR FOR HP DELEGATION
Hey guys! The market have had a negative effect in the development funds of the HK team so we are asking for your help, if you have some spare minutes we invite to read our development DHF proposal🔥
We're already at 93% of the votes necessary to be funded! You can help us by sharing our proposal to your HIVE friends :) !!
BUDS General Tokenomics
- PRICE TODAY: 0.00019711 HIVE/BUDS
- TOTAL SUPPLY: 475870113.706
- CIRCULATING SUPPLY: 319907767.774
- EMISSION PER DAY: 1579920 BUDS
- DEFLATION RATE: -5% PER MONTH
- DEFLATION ACCUMULATED: -13%
- BUDS BURNED VS MINTED THIS WEEK: 27.8%
- BUDS STAKED VS MINTED THIS WEEK: 72.9%
Deflation, in this case, refers to how much less % of BUDS, the seeds production range is getting and is introduced on a monthly basis over the last range.
Deflation accumulated, is how much less % of BUDS are being produced in the range of the seeds compared to the first month in which deflation started.
Emission per day is the average of new BUDS created per day in the last week in the farming game.
Thanks to our emission system, only the land plots through the farming game can create new BUDS, and so this emission rate is limited to the number of land plots, the production range of their seeds, and their sprouting time.
BUDS SUPPLY DISTRIBUTION
Did you ever wonder how our beloved token is distributed in the ecosystem?
Well, I just have to say I'm very proud of everyone! The team, my partners, and the community cause this is the healthiest week we ever had!! These numbers basically mean that this week we burned and staked a little bit more BUDS of the ones that were created in the same period of time.
Last Burning event - 3084229 BUDS
HK features different ways to keep our tokenomics healthy and of them is our philosophy of burning all the BUDS that are spent over the HK ecosystem, and yeah! Who doesn't love to burn some BUDS, right?
This week these features burned the following amount of BUDS:
- !BANG defense presale packs: 398824.83 BUDS
- Avatar packs: 717669.25 BUDS
- Forge and merge: 558784.023 BUDS
- Shared market fee: 40966.78 BUDS
- Joints: 1367986 BUDS
BUDS STAKING REWARDS + HIGH APR
As you already know, the initial rewards for the staking are BUDS that are bought directly from the market (so isn't inflationary).
- TOTAL HIVE IN REWARDS: 4,405.481 HIVE
- NEXT STAKING REWARDS: 222006.16 BUDS BUDS
- TOTAL BUDS STAKED: 70913177.764 BUDS
- BASE APR IN BUDS BASED IN THE LAST REWARD: 114.26% APR
- APY: 212.93%
Formula for APR = ((NEXT BUDS REWARDS / TOTAL BUDS STAKED) * 100 ) * 365
We can proudly say we have the highest non-inflationary staking APR and APY in HIVE
Also is amazing that we have been offering an APR of more than 100% for more than one month already! And despite all the terrible scenario the market is facing is a show of how strong are our tokenomics.
Now! We're also dropping EXP tokens
So this means the APR base is just for the ones that have staked BUDS, but the players that have also a set avatar with at least 25500 XP and 10k BUDSX get another layer of rewards in the staking with the following APR:
TOTAL EXP IN REWARDS: 704,278.094 EXP
- NEXT STAKING REWARDS: 7042.79 EXP
- BUDS VALUE OF NEXT REWARDS: 147523
- REWARDS APR BASED IN BUDS STAKED: 118% APR
We use the rate of 500 XP per dollar to calculate the previous numbers at least until we can use the market price which will be more accurate.
- TOTAL STAKING APR + EXP REWARDS: 232.26%
- TOTAL STAKING APY + EXP REWARDS: 912.74%
Remember APY applies if the rewards are compounded daily
Basically, 10% of the BUDS from the treasury will be sent to @hk-curation constantly, and daily 2% of all the BUDS in the @hk-curation will be dropped to all the HP delegators. All the curation rewards will go to the staking rewards increasing the APR.
- HP delegated: 46,290.880 HP
- HP earned that is pending to join the staking pool: 111.66 HP
- Rewards BUDS pool: 3,058,843.082 BUDS
- Today delegation APR: 9.46% APR
We have to consider that the benefits of increasing the delegations received have a delayed effect as there's a 13 weeks period necessary to power down the HP, but at the same time this will reward the users that are tracking it growing.
¿How to support HK development?
Considering the last downtrends of the market, this has affected us in our development funding, so we really appreciate every kind of help you can give us by supporting our work.
If you like how we are developing the Hashkings metaverse/ecosystem there are plenty ways in which you can give us a hand:
- Leave us a supporting message in our discord <3
- Upvote and share our posts
- Writing posts about Hashkings (we love organic growth)
- Upgrading water towers
- Buying avatar packs
- Voting for our HIVE witness @hashkings
- Voting for our development proposal. # VOTE HERE 🔥
- Farming Game
- Raids Game
- Hashkings wiki
- Hashkings HUB
- Avatars forge
- BUDS staking
And of course on HIVE