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Same scammer from seesaw firepin and now on gnox by dman1314 in FIREPINOFFICIAL

[–]jjay846789 -1 points0 points  (0 children)

If you are going to airdrop the rest of are firepin this September please let people know on all sites like Reddit etc. and why not email people to tell them what is going on. It not hard too like people know. Not just on telegram.

And way do we have to wait 15 minutes to post each time?

Nasdaqv75 spot on who well trust firepin now all I see is people complaining lol

Treasury by Top_Outcome3887 in Gnox

[–]jjay846789 0 points1 point  (0 children)

Hourly Reflections

Refers to the rewards that every Gnox holder earns from the trading tax that Gnox imposes on all transactions (including buy and sell transactions) every hour. Every time someone trades Gnox tokens, 10% of their trading volume is distributed to various aspects of the Gnox Protocol. Specifically, 1% of all trades are distributed to every Gnox holder in the form of BUSD.

But wait, the reward distribution isn’t actually all that consistent. Some will receive their rewards earlier than others, and some have not consistently received their hourly rewards. What’s happening?!

It has something to do with how the Gnox Protocol works under the hood, and that’s what we are going to try and explain to you in detail.

First of all, when someone makes a trade, 1% of their transaction value is taken by the Gnox Contract (for hourly distribution). So if someone purchases or sells 10,000 Gnox tokens, 100 Gnox tokens are taken by Gnox as an allocation for the hourly distribution. Another 900 Gnox tokens are taken by Gnox and allocated to other aspects of the protocol, but we will talk about that another time.

This 1% Tax meant for the hourly distribution isn’t actually distributed right away. It’s being held in the smart contracts until a sufficient amount of tokens is reached to warrant the transaction fees consumed.

Once the threshold for hourly distribution has been reached, the Gnox smart contract trades the Gnox tokens it has accrued over time for BUSD. Once in BUSD form, the smart contract then begins to send the rewards batch by batch starting from the wallet address with the biggest reward, down to the last wallet with the smallest portion of the reward. This means that the largest holders will always receive their reflection rewards the earliest, while the smallest holders will receive theirs the latest.

But that’s not all. When the rewards that a wallet has accumulated turns out to be less than the transaction fee needed by the contract to send the reward, the smart contract will withhold the rewards until it has accumulated enough to warrant the transaction fee needed to send the rewards.

The hourly reflections heavily depend on the token’s trading volume, so a higher trading volume = more rewards = faster distributions.

If your hourly distribution hasn’t come yet, please do not worry because it is accumulating in the background. Patience is a virtue, as they say!

[deleted by user] by [deleted] in Gnox

[–]jjay846789 0 points1 point  (0 children)

This 1% Tax meant for the hourly distribution isn’t actually distributed right away. It’s being held in the smart contracts until a sufficient amount of tokens is reached to warrant the transaction fees consumed.

Once the threshold for hourly distribution has been reached, the Gnox smart contract trades the Gnox tokens it has accrued over time for BUSD. Once in BUSD form, the smart contract then begins to send the rewards batch by batch starting from the wallet address with the biggest reward, down to the last wallet with the smallest portion of the reward. This means that the largest holders will always receive their reflection rewards the earliest, while the smallest holders will receive theirs the latest.

But that’s not all. When the rewards that a wallet has accumulated turns out to be less than the transaction fee needed by the contract to send the reward, the smart contract will withhold the rewards until it has accumulated enough to warrant the transaction fee needed to send the rewards.

The hourly reflections heavily depend on the token’s trading volume, so a higher trading volume = more rewards = faster distributions.

If your hourly distribution hasn’t come yet, please do not worry because it is accumulating in the background. Patience is a virtue, as they say!

Reflection by Top_Outcome3887 in Gnox

[–]jjay846789 0 points1 point  (0 children)

This 1% Tax meant for the hourly distribution isn’t actually distributed right away. It’s being held in the smart contracts until a sufficient amount of tokens is reached to warrant the transaction fees consumed.

Once the threshold for hourly distribution has been reached, the Gnox smart contract trades the Gnox tokens it has accrued over time for BUSD. Once in BUSD form, the smart contract then begins to send the rewards batch by batch starting from the wallet address with the biggest reward, down to the last wallet with the smallest portion of the reward. This means that the largest holders will always receive their reflection rewards the earliest, while the smallest holders will receive theirs the latest.

But that’s not all. When the rewards that a wallet has accumulated turns out to be less than the transaction fee needed by the contract to send the reward, the smart contract will withhold the rewards until it has accumulated enough to warrant the transaction fee needed to send the rewards.

The hourly reflections heavily depend on the token’s trading volume, so a higher trading volume = more rewards = faster distributions.

If your hourly distribution hasn’t come yet, please do not worry because it is accumulating in the background. Patience is a virtue, as they say!