Greetings, Helenians! These are indeed difficult times for crypto, but all difficulties can be overcome by standing together. As a family, we thank all those who stood with us during these times and celebrate Thanksgiving with full of joy and gratitude toward you! From Friday to the end of the weekend, we’ll be hosting a number of contests, particularly for Thanksgiving & Black Friday
Buy Tax Reimbursement
The buy tax (13%) on all Helena tokens purchased for more than 0.1 BNB during the event will be reimbursed within 3 days of the event’s conclusion. For example, if you bought 100 Helena tokens, you would have received 87 after paying the purchase tax. You would then be reimbursed 13 Helena tokens within the three days that followed the event’s conclusion. Start date: 11/25/22, 00:00 UTC End date: 11/27/22, 23:59 UTC.
NMSLP Minting Race
Minting NMSLP Tokens allows you to move up the ranks of NMSLP Minting Race. At the end of the weekend, we will award the following prizes to the top five participants who minted the most NMSLP Tokens over the contest period below. Start date: 11/25/22, 00:00 UTC End date: 11/27/22, 23:59 UTC
NEMESIS NETWORK LOYALTY POINT / PROFIT-SHARING SYSTEM
We carefully studied similar profit-sharing systems and analyzed their pros/cons to enhance our system’s long-term sustainability and simultaneously avoid the problems they faced over the years. The biggest problem we identified on those platforms was the distribution of 100% of daily revenue in full amounts every 24-hour interval. This approach created a massive disadvantage for newcomers who are new to the LP farming/minting process because while early birds were getting all of the previous protocol earnings, they also kept claiming the future daily pool rewards, resulting in a huge gap between old miners and new miners. Also, on days when the participation is high, LP miners receive higher returns; however, on days when the participation is low, their returns decrease dramatically. This also caused new players to not participate in mining new LP tokens as the rewards were not tempting, and their shares were forced to remain low compared to older LP miners, which made them feel left out and think they could not compete with older players to increase their shares to the desired level.
That is why we came up with the brand new idea of a profit-sharing system where all the problems are fixed, a system that will both provide an advantage for early LP miners and still be very attractive and fair for the new miners.
Dripping Reward Pool – First, instead of distributing all holdings in the LP Reward Pool in 24-hour intervals, which is very volatile and unsustainable, the LP Staking Pool will distribute 2% of its total reward holdings every 24 hours. This is crucial. Else the differences between high-profit days and low-profit days discourage miner to keep minting new LP Tokens. Also, new players will not be left out as the total reward amount will not diminish quickly and will continue to provide much more stable returns to the LP stakers in the long run. Moreover, the total pool rewards will continue to increase constantly because it will be much easier for new miners to compete with the old ones, and the old stakers will also need to continue participating in sustaining their share ratio.
LP Power Decay – To be fair to the new players and to further incentivize continuous LP minting, we implemented a daily 1% decay on LP Staking Powers. In this way, early players will still get the most benefit as they will have an edge and higher shares from the start but a diminishing one. However, the real winners will be the ones who will be actively participating in the minting process as they will be the backbone of the profit-sharing system and will keep growing the reward pool continuously and boosting overall returns. This will trigger an ever-growing Reward Pool and a long-term healthy & stable circulation of LPs and evenly distributed profits. So the shares of the early players, who just stop playing, will diminish gradually over time, whereas active players will be able to keep their share ratio or increase them by actively participating.
Kindly note that LP decay will only affect when the NMS LP Tokens are staked in the Profit-Sharing pool; therefore, they won’t decay in your wallet.
Website: https://helena.financial/
Whitepaper: https://helena-financial.gitbook.io/helena-financial-whitepaper/
Telegram: helenafinancial
Twitter: https://twitter.com/HelenaFinancial
Buy on Bogged(Auto tax): https://app.bogged.finance/bsc/swap?tokenIn=BNB&tokenOut=0xE350b08079f9523B24029B838184f177baF961Ff
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