Sh!tcoin Miner FAQ
The SCM contract is a revolutionary mining platform that introduces the concept of a “spoofed” fair launch mechanic, a reinvest function and a powerful throttle.
Users can mine the valuable blue chip Polygon Matic and participate in the world of decentralized finance. SCM offers a maximum of 3.5% daily Annual Percentage Rate (APR) on invested funds, making it an enticing opportunity for users seeking high-risk, high-return investments.
The SCM is on Polygon Network. Simply deposit your MATIC token into the “investment dashboard” to begin earning up to 3.5% daily on your principal deposit.
The recommended strategy for Polygon Land is to run a 4-day cycle on your stake. On days 1 to 3, "50/50 reinvest" the claimable balance. This will withdraw 50% of your claimable into your wallet. On the 4th day, manually reinvest half of that claimed Matic.
The benefits of this strategy are that 1/ A fresh capital deposit is better for your personal APR, compared to the compound which is called by using the 50% reinvest function. 2/ By investing fresh Matic into the contract, you can reduce your dashboard "ROI" and escape the tax that triggers when you are over 50% ROI, while at the same time maintaining your personal apr.
Picture tending a special mine with crystals. Starting early means more gems, but latecomers get fewer. Larger mines give higher rewards, and soon new treasures appear so much that they're not special anymore. This is just like traditional mining contracts—early advantage, bigger mines, higher APR.
We're changing this, aiming for fairness and balance. Traditional miners aren’t a fair game, but smart people in SCM are making it fairer for everyone!
Imagine if our mine gave out crystals at a fixed rate. This keeps crystal growth steady, benefiting everyone. To balance, if someone gets over 50% of their invested crystals back, they give a bit as tax. This tackles unfairness when bigger holders get more rewards.
And that tax? Half is removed – like taking crystals out of the game. The rest is for the "Reflection Burn Lottery" – a special game where you can win more crystals! We're stopping unfair advantages and giving everyone a chance to win. This makes the mine fair and exciting for all!
The APR is not fixed, it is variable. Each investor in SCM will have an individual daily percentage rate which can be seen on the Investment Dashboard.
This calculation has many variables, including the total TVL of the SCM contract, the behavior of your account and the behavior of others. Investing into the SCM with fresh capital will raise the daily APR for you and all other players. Claiming out of the contract will reduce the APR.
Absolutely! The price of new miners will always be the same price.
When an investor has reached 50% ROI on their principle deposit, a 10% tax will trigger on their claimable rewards when a claim transaction is triggered. This will remove 10% of a users claimable miners out of their position, 5% are burned and 5% goes to the Reflection Lottery.
Burning Miners further reduces contract inflation, combined with our static rate on miner buys, this means that an SCM contract is the least inflationary miner in all of crypto!
The lottery is held every Sunday. All SCC NFT holders are automatically eligible for the Reflection Lottery.
After that keep from “what is the reinvest function” till the end.
