The amount of BUSD collected will be used to add liquidity. For the Special box, users who meet certain conditions (to be announced later) are purchased with BUSD.The amount of ROFI collected will be burned For Blind boxes, users will buy them with ROFI.
We have 2 types of boxes: Blind Box (with hidden random items) and Special Box (special items). Jennie : The first is the sale of the Items boxes. What about buying and selling NFT items? I heard about the sale of Blind Box and Special Box. Thus, owning ROFI in the long run will benefit users, especially when the supply of ROFI to the market gradually becomes scarce. Thus, the total supply of ROFI will be less and less, while in the near future, HeroFi will launch many new features to help increase the use of ROFI. The feature of adding liquidity and staking LP is still maintained but only for users who own ROFI locked before March 2022.Īccording to the roadmap, when releasing the next games in Multiverse, the allocation of ROFI will also be reallocated and divided among the games. HeroFi : But as far as I know, at the beginning of March HeroFi will stop paying 80% of ROFI locked, right? So users only get 20% ROFI unlocked and no other 80% ROFI lock?įrom the beginning of March 2022, HeroFi will stop paying 80% ROFI locked. That way you not only lose nothing but also get your ROFI lock amount.
You will wait until the locked amount of ROFI is unlocked, you can withdraw the liquidity pair. The simplest, you add liquidity pairs and stakes for a period of time to receive the corresponding amount of ROFI. If after adding liquidity, you only withdraw an amount, the ROFI unlocking speed will slow down, the amount of ROFI unlocking per block will also be less. This process will take place until you have unlocked all the locked ROFI or when you withdraw your liquidity. The more liquidity you add, ROFI unlocked in 1 block will be more, the faster the unlocking speed will be. The more you stake, ROFI unlocked in 1 block will be more (but there will be a certain limit) From here it is inferred, how many ROFIs you want to unlock, you will need to wait for a corresponding block period depending on the amount of LP you stake. We have the formula: Number of ROFIs unlocked per block = Amount of LP to stake x Coefficient (fixed) Can you explain more about the mechanism? HeroFi : Many users do not fully understand this liquidity add and stake feature.
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You can use ROFI unlocked to buy gold, buy tickets to participate in Arena, upgrade stars for heroes,… The 80% remaining is locked, you will have to wait until the “”add liquidity”” feature to be able to unlock these ROFI and use them. When claiming rewards, users will receive 20% ROFI unlocked of the total 100% reward. Every week, the total supply will decrease by 2%, it means that, the week after will have total ROFI supply that equals 98% of this week, week 3 equals 98% of week 2. Initially, each day will be allocated an amount of 288,000 ROFI. Jennie : First, I will remind you about ROFI locked and unlocked for everyone to understand. HeroFi : First, can you explain about “add liquidity” and “stake” features, Jennie? I see that up to now, many people still don’t know what to do with ROFI locked as well as get updates on upcoming features? Jennie : Hello everyone! It’s great to be back at the AMA with you today. HeroFi : Joining the AMA today is Jennie Tran – Our lovely CMO Now, let’s get into the meat of this AMA series.īefore attending the AMA, you can review the most recent Roadmap update, which includes new features such as “Add Liquidity,” “Stake,”… The AMA event, in particular, lasted 5 hours and included participants from the Global, Chinese, Filipino, Brazilian, and Vietnamese groups.Įach group’s top five questioners receive $100. Miss Jennie, HeroFi’s CMO, is in attendance at this AMA. On the 20th of December, HeroFi held an AMA to announce very important HeroFi events in the near future, as well as to answer community questions about our Roadmap.