Forge Token -
https://forgetoken.org/White Paper
What is Forge?
Forge is the first tokenized contract on the Polygon blockchain to be one hundred percent community owned, decentralized, fair, trustless, and ownerless. Forge uses a POW system that distributes rewards, and enables our new auctioning feature.
0% dev fee, 0% premine! 100% distributed by decentralized contracts!
Forge Auctions
- 25% of the Forge Token Supply is distributed by the Auctions contract.
- The speed which blocks are mined by Proof-of-Work miners will determine the auction length, fast miners = short auctions. Averages to 72 hour auctions.
- Each auction will sell 8,192 Forge Tokens split to all bidders evenly depending on how much 0xBitcoin they bid for the auction.
- Your 0xBTC Deposited into Auction / Total 0xBTC for Auction * 8,192 = Your Forge Tokens you will Recieve.
- 100% Fair based on amount of 0xBitcoin spent at that auction.
- All tracked and stored decentrally and trustlessly!
Liquidity Mining
- 25% of the Forge Token Supply is distributed by the Liquidity Provider Staking Contract
- The speed at which Stakers are rewarded will be deteremined by Proof-of-Work miners. Fast miners = more rewards, slow miners = less rewards.
- The rewards are split fairly and disitributed over a period of time to all Stakers.
- We are staking Forge/0xBitcoin Liquidiy Pool tokens.
- This will 100% fairly and 100% dece
ntrally distribute tokens to our Liquidity Providers, helping defeat Impermant Loss often associated with it.
POW Mining
- 50% of the Forge Token Supply is distributed to Proof-of-Work Miners. They solve a complicated hash that rewards them with 100 Forge tokens if solved after 48 minutes.
- Which generatres a new complicated hash for the next miner to solve. All 100% done on chain and 100% trustlessly and 100% without an owner of the contract
- Along with the Forge Tokens, miners will also recieve 0.10$ in 0xBitcoin for every solve(0.033 0xBitcoin) if available.
- Miners make 3-5$ a day in 0xBTC profit along with their Forge Tokens daily, helping elivate transaction costs, electral costs, and even hardware costs!
- Ensuring the token is always mined!
Why should I mine for Forge?
- Along with the Forge Tokens and the 0xBitcoin Tokens, miners will have the ability to mine up to 5 other Cryptocurrencies!
- Any ERC20 sent to the Forge Contract will become instantly mineable! With most of the supply being distributed over 1 year.
- This allows any token to become mineable, without having to run their own proof-of-work system.
- Our system allows for basically any token to be mined, since miners pay nothing!
- We expect to see Fractionalized NFTs avaialble for mining
Tokenomics
- 50% of the 0xBTC raised from the Auctions contract goes directly to Miners via Proof-of-Work
- Miners recieve 1/10000th of the contracts 0xBitcoin per mint
- 25% of the 0xBTC raised from the Auctions contract goes back to Liquidiy Providers via the Staking Contract!
- 25% of the 0xBTC raised goes to fund Cross Chain Challenges so we can dual mine 0xBitcoin Contract and our contract
- No dev fee or any sort of fee is taken. All Cryptocurrencies are distributed 100% to the Forge community.
Viva La Mineables
https://polygonscan.com/token/0xF44fB43066F7ECC91058E3A614Fb8A15A27352760xF44fB43066F7ECC91058E3A614Fb8A15A2735276
Forge Token & Mining
https://polygonscan.com/address/0x7d28fa576a4e08922B01e897CE4f5517AD3515780x7d28fa576a4e08922B01e897CE4f5517AD351578
Forge Staking
https://polygonscan.com/address/0xBb1fA87A4738B22F7d2D5EC34bA349375B4D86F00xBb1fA87A4738B22F7d2D5EC34bA349375B4D86F0
Forge Auctions
