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Hexicans Want you to pump Their bags
#pulse #pulsechain #hex
$HEX #pulse #pulsechain #hex #hexicans #hexican
Here's a step-by-step breakdown of how this contract might work:
1. User Participation & Fund Contributions:
Users can contribute to the pool using various PulseChain-native tokens such as Pulse (PLS), HEX, PLSX, or Hedron.
These contributions are made throughout the month.
The contract allows users to add to or withdraw from the pool until a certain deadline each month.
2. Monthly Fund Accumulation:
The contract keeps track of the total amount of funds raised by the participants during the month in various tokens.
It also records each participant’s share of the pool based on how much they contributed relative to the total pool size.
3. Market Buy of HEX:
At the end of the month, the contract performs a market buy of HEX using the total amount of pooled funds.
The funds are converted into HEX (at current market rates) and prepared for staking.
4. Bigger Pays Better & 15-Year Stake:
After purchasing the HEX, the contract stakes it for 15 years.
The stake is structured to take advantage of the Bigger Pays Better (BPB) feature of HEX, which rewards stakers with larger shares of the staking pool based on the amount of HEX staked.
The total HEX staked is greater than what any individual participant could have staked on their own, thanks to the collective contributions of the pool.
5. Proportional Reward Distribution:
At the end of the 15-year stake, when the rewards begin to accumulate, the benefits are distributed to all participants in the pool.
Each participant receives a share of the rewards in proportion to their contribution relative to the total funds raised during the month.
If someone contributed a larger portion to the pool, they would receive a larger share of the rewards, but since it’s a collective stake, the total amount staked will result in greater rewards than if any one person had staked individually.
6. Token & Reward Payout:
After the 15-year term, the contract allows the distribution of both the principal HEX and the staking rewards back to the pool participants.
The rewards are typically distributed as HEX tokens, and in some variations of the contract, a conversion to other tokens like PLSX, Hedron, or the original tokens could be implemented.
If the contract allows it, users could also choose to reinvest their share into the next month's pool or withdraw their portion of the stake and rewards.
7. Incentives:
The Bigger Pays Better mechanism incentivizes larger deposits, since participants can increase their share of the reward by contributing a larger portion of the pool.
The collective staking strategy benefits all participants, even those with smaller amounts of capital to contribute, by providing a larger HEX stake than they could achieve on their own.
The contract could also include features to encourage long-term participation, such as offering bonuses or rewards for users who stake consistently over multiple months.
Benefits:
Enhanced Rewards: The larger pool allows participants to benefit from Bigger Pays Better (BPB), which means more HEX for the same length of time.
Community Synergy: Smaller investors get to participate in a long-term, high-value stake they couldn’t afford alone.
Transparency: The contract can be fully transparent, with all transactions, contributions, and staking activities visible on-chain, ensuring fairness and trust.
Risk Diversification: By participating in the collective pool, users reduce individual risk (while still participating in the long-term HEX stake).
Example Use Case:
Month 1: John contributes 100 PLS, Sarah contributes 200 PLSX, and Mark contributes 10,000 Hedron. The pool accumulates a total of 50,000 PLS, 100,000 PLSX, and 500,000,000 Hedron by the end of the month.
Market Buy: The contract converts all tokens to HEX at the market price (with the exchange rate potentially adjusted by the contract's own liquidity strategy).
Stake Creation: The combined amount of HEX purchased with all pooled funds is then staked for 15 years.
End of 15 years: The participants receive their rewards proportionally based on their initial contribution and share in the staking pool.
This system combines the benefits of pooled investing with long-term staking rewards, creating a community-driven mechanism that incentivizes sustained involvement and allows individuals to leverage larger, more powerful stakes.
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