🌾S2E & S2B Core

This is the updated reward system v.0.2. There might be more changes in future reward versions as we upgrade our dapp.

What is SRCH Rewards?

For each search conducted, you'll receive one search token. However, the number of searches allowed is subject to limits. This mechanism encourages user engagement while ensuring adherence to established guidelines. By familiarizing yourself with the Terms and Conditions, you can maximize your utilization of search tokens within the stipulated boundaries, ensuring a fair and transparent process for all users.

How it works?

Our reward system works by distributing tokens from a weekly reward pool to users based on two factors: their token balance and their search activity.

1. Token Balance: Each user's share of the reward pool is influenced by how many tokens they hold. Users with more tokens will receive a larger portion of the reward.

2. Search Activity: The number of searches a user performs also plays a role. Users who search more frequently will get a higher share of the reward.

The reward pool is then divided among all users, taking into account these two factors. This means that users with both a higher token balance and more searches will receive a larger share of the weekly reward.

This system encourages users to hold our tokens and actively participate in searching, ensuring a fair and rewarding experience for everyone

For Example

Combined Example: User A holds 10,000 tokens and made 100 searches. User B holds 5,000 tokens and made 50 searches. Total reward pool is 10,000 tokens.

User A might receive 7,000 tokens (70% of the pool) and User B might receive 3,000 tokens (30% of the pool) due to having both a higher token balance and more searches.

This system encourages users to hold our tokens and actively participate in searching, ensuring a fair and rewarding experience for everyone.

How we can withdraw earned rewards?

The withdrawal of SRCH rewards will be in weekly batches to avoid bots/spam requests. This means we will send your withdrawals automatically to your registered wallet

How are we going to sustain selling pressure due to rewards distributed to users?

There are two ways. The first one is our burning mechanism, and the second one is constant buybacks for the rewards pool.

Burning Mechanism: For each token a user earns, we will burn the same amount of tokens in weekly batches. For example, if we release the withdrawal of the first batch at the end of the week, then together we will perform the same amount of burning on the same day.

Buybacks for Pool Rewards: To fund the pool rewards, we will conduct buybacks