Auto-Compounding and Reflective tGOLD & BNB Platform Rewards
Last updated
Last updated
tGOLD is a unique and limited ecosystem token that utilizes participatory and reflective features of TokenQuest, only earned upon burning of tQUEST, or opening boosters. Holders of tGOLD can earn rewards by simply holding them in their wallets, benefiting from reflective tGOLD and auto-compounding BNB rewards. Users should also keep in mind that tGOLDs cannot be transferred between wallets.
Whenever 1 tGOLD is minted, an additional 0.5 tGOLD is minted & distributed among the current tGOLD holders. The rewards are calculated in proportion to each holder's percentage of the total circulating tGOLD supply. tGOLD and BNB rewards auto-compound in user wallets; therefore, no further action is needed to receive platform rewards.
When users burn tQUEST tokens, they mint tGOLD tokens according to the BNB value of the tokens burned. As long as the tGOLD token is held in a wallet, the user keeps earning tGOLD and BNB rewards from the ecosystem's revenue share program. Currently, all of the 1% burn tax is being sent to the tGOLD Reward Pool in BNB.
As tQUEST's value may change over time, thus, the burned token amount per BNB may come into fluctuation, and this may lead to early investors' compounding advantage. In order to minimize this and in order to establish a balance within the reward ecosystem, a progressive equity adjustment is applied upon claiming BNB rewards. The optimal strategy for users against the adjuster would be to keep burning tQUEST tokens and keep increasing tGOLD and BNB shares and, therefore, multiply their rewards through reflections and multi-way auto-compounds.
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DISCLAIMER: TokenQuest team does not predict and does not guarantee that you will attain a particular result from the information provided in or through this Whitepaper, and you accept and understand that results differ for each individual. Each individual’s results depend on their asset management and market forces. There are no guarantees as to specific outcomes or results that you can expect from using the information you receive on or through this Whitepaper. This is an experimental feature and may be subjected to change and updates over time.