What is BAKED PEANUTS?
Bakedpeanuts is a decentralized game built on the Binance Smart Chain. The object of the game is to hire more miners sooner and more often than other players. This in turn earns you more BNB faster. These miners work for you tirelessly, paying you an average of 8% daily on your initial BNB investment. The daily percentage return depends on users' actions that are taken within the platform that impact the miner's efficiency rate. The mining efficiency rate rises and falls as users hire miners, compound earnings and pocket BNB rewards. Once miners are hired, they cannot be sold, and the investment made to purchase them (either through depositing or compounding) cannot be taken back. However, once bought, miners will not stop producing yield.
Yeah, but how do miners work?
Mining games work similarly to any other financial market, where an asset has intrinsic value that is relative to the supply or demand of said asset. Miners are purchased with a pre-determined currency at a price relative to the miner's current mining efficiency rate. After the miners are purchased, they go to work for you right away to give you the best yield on your investment possible, for as long as possible. Just as any other asset bought and sold on an open market, the price of a miner will fluctuate over time, as will the mining efficiency rate, as you and other players hire miners, compound earnings and pocket earnings. To put it plainly, the more demand for the miners, the more they will increase in value and the more yield they will produce. Inversely, when the demand decreases, so will the value of the miners and their daily return on investment.
The main difference between a miner and a traditional financial market is that a miner cannot be sold, only the value they provide can be sold. As the players of the game as a whole compound their earnings and make new deposits, the mining efficiency rate will stay relatively constant, but the moment players start to withdraw more than they are compounding, the mining efficiency rate will begin to drop as to preserve the TVL and longevity of the miner.
What makes this miner different?
BAKED PEANUTS has several anti-dumping and anti-whale measures in place to ensure the longevity of the project. These measures include maximum deposits, maximum withdrawals, as well as a cutoff time AND a cooldown time for withdrawals.
The cutoff time is the amount of time it will take for your "cart" to be full of rewards. Once the cart is full, it will stop filling until you've taken some action in the game. This is to prevent whales from letting their rewards accumulate for a long time, and removes the false impression the contract value is going up when most of it is rewards the whale is waiting to withdraw at once.
The cooloff time is the amount of time one has to wait before they can make another withdrawal. This also prevents the contract balance from decreasing in value too fast. If the team decides it's necessary to protect the contract balance, this time period can be adjusted to slow down the rate of withdrawals, but it can only be set to a value less than or equal to 24 hours (per contract rules).
There is also a built-in compounding bonus that increases 3% every day that you compound without withdrawing (up to 10 days max). This incentivizes the user to compound more often, which will help boost the miner efficiency rate in the long run. To be able to utilize the compound bonus feature, the player must not compound before the provided timer reaches 00:00:00.
BAKED PEANUTS also has a very unique feature that has never been done before which effectively decreases the amount of miner inflation that occurs over a long period of time. Every sell action will only add 5% of the amount sold to the total supply. Older miner add 100% of what is sold to the total supply. This means the contract will have a lower inflation rate, keeping the miner market supply more scarce and more valuable than other miners.