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Decoy FAQ

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SukhCommunity Manager
02/17/23

Thank you bobstone🙂

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aishteru
02/17/23

this really helps a lot,instead of explaining again and agai we just post the topic and let em read.

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elsons
02/23/23
bobstone dijo:

So we launched Decoy Token today!

Lots of you have questions so here are some of the most frequently asked.

  1. Decoy is not exchangeable at this time, however, you can immediately start earning with it by simply holding it and mining more, and claiming your daily staked profit.

We will be adding it to exchanges at a later date once a lot of the supply has been distributed and features developed around decoy fully. This will allow people to naturally find the value of earning via staking it, allowing a more natural price discovery.

  1. Decoy is **not** eligible for mining, or any other bonuses except staking including leveling up e.g. qualified wager
  2. You mine Decoy by wagering in all currencies except Decoy, 80% of your mined earnings will be locked for 180 days, and 20% will go to your Decoy balance
  3. to Stake you do not need to do anything, except hold it! in the bank or main balance.
  4. Staking is a system for passively earning Decoy Tokens. Every 24 hours the Staking pool releases 3% of the total profit, there is a minimum starting amount of $15,000
  5. There is no time limit for claiming staked profits, it will not expire.

I will keep adding to this so please keep asking any major relevant questions :)

Thanks Bob more success to you guys

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InsurgentCommunity Manager
02/23/23
elsons dijo:

Thanks Bob more success to you guys

Much appreciated 😀

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InsurgentCommunity Manager
02/25/23

Bobstone, bob can you add one more point to the FAQ about rough calculation formula for users which helps em estimate how much daily rewards they get ...

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Kirito89Community Manager
02/28/23
Insurgent dijo:

Bobstone, bob can you add one more point to the FAQ about rough calculation formula for users which helps em estimate how much daily rewards they get ...

It's quite simple, multiply the total staking reward that is distributed daily, aproximately 500$, wih the amount of decoy you're holding, and then divide by total tokens staked. So for example ( will aproximate) in my case with 10000 Decoy, and total tokens staked 40 million its, 500 X 10000 : 40000000, that equals 0.125$ in my case.

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InsurgentCommunity Manager
03/01/23
Kirito89 dijo:

It's quite simple, multiply the total staking reward that is distributed daily, aproximately 500$, wih the amount of decoy you're holding, and then divide by total tokens staked. So for example ( will aproximate) in my case with 10000 Decoy, and total tokens staked 40 million its, 500 X 10000 : 40000000, that equals 0.125$ in my case.

Coool !! Thanks kiri 🤗

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Fonz1
03/04/23

Any word on when we can expect a response to some of the questions raised previously?

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bobstoneCommunity Head
03/06/23
Fonz1 dijo:

Any word on when we can expect a response to some of the questions raised previously?

for some of your questions i think it's still a on-going consideration e.g. liquidity incentives etc, so i think it's a case of cards close to chest before the eventual release too exchanges so i don't expect to be able to answer most of them yet it seems

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57
snapcall0070 vip
03/07/23
bobstone dijo:

So we launched Decoy Token today!

Lots of you have questions so here are some of the most frequently asked.

  1. Decoy is not exchangeable at this time, however, you can immediately start earning with it by simply holding it and mining more, and claiming your daily staked profit.

We will be adding it to exchanges at a later date once a lot of the supply has been distributed and features developed around decoy fully. This will allow people to naturally find the value of earning via staking it, allowing a more natural price discovery.

  1. Decoy is **not** eligible for mining, or any other bonuses except staking including leveling up e.g. qualified wager
  2. You mine Decoy by wagering in all currencies except Decoy, 80% of your mined earnings will be locked for 180 days, and 20% will go to your Decoy balance
  3. to Stake you do not need to do anything, except hold it! in the bank or main balance.
  4. Staking is a system for passively earning Decoy Tokens. Every 24 hours the Staking pool releases 3% of the total profit, there is a minimum starting amount of $15,000
  5. There is no time limit for claiming staked profits, it will not expire.

I will keep adding to this so please keep asking any major relevant questions :)

Thanks for the info. Question about the supply. #1 Is it 3% of site profit, based on how many decoy tokens exist now, or based on total supply when mining is finished? #2 The tokens I have now, will they be watered down by the coins mined in the future, or is it a set percentage per token? #3 Whats the total supply?

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RoyalDuckvip
03/11/23

is the daily profit distribution set/capped? Or is it a percentage of the prize pool?

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InsurgentCommunity Manager
03/11/23
RoyalDuck dijo:

is the daily profit distribution set/capped? Or is it a percentage of the prize pool?

It's 3% of the prize pool that's been shared, which can differ each day, and it depends on the total staking pool which also can be higher or lower each day.

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Topdice
03/18/23

To add to the post above, per the faq: “there is a minimum starting amount of $15,000,” which should be a floor, while no upper end cap is suggested.

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aishteru
03/21/23

im more interested if there will be any token burning that will happen in the future?

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InsurgentCommunity Manager
03/26/23
aishteru dijo:

im more interested if there will be any token burning that will happen in the future?

Not anywhere in future for sure but time is the answer for everything...lets wait and wish for the best

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