BQL Trade Mining Tutorial

Port3
5 min readNov 8, 2023

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We’re thrilled to announce the BQL Mining adventure kick-off. Participate in the campaign hosted by @Port3Network by swapping with @okxweb3 #okxwallet.

1. What is BQL?

BQL, one of the latest major products developed by Port3, introduces an innovative way to interact on the blockchain. It enables the potential for intent-centric protocols and open infrastructure.

Users no longer need to search for complex interactive tutorials; they can execute intricate on-chain interactions with a single click. Even instructions written in natural language can be compiled into standard on-chain workflows and executed by EVM-compatible contracts.

2. General Guide to BQL Mining

3. Detailed Guide to BQL Mining

3.1 What‘s the reward?

  • Transaction Fee Pool: 80%
  • BQL Dividend Pool: 18%
  • Random Prize Pool: 2%
  • Lucky Draw Pool: 400,000 Mystery Box
    (containing 20,000 USDT and 5,000 Special freemint NFTs.This pool is exclusive to OKX Wallet users from November 6th to November 26th)
  • Gemstones Pool: 350,000,000 Gemstones

3.2 How to join?

3.2.1 Create your SoQuest Profile with OKX Wallet

Install your OKX Wallet ➡️ Create or import your address ➡️ Open SoQuest BQL Mining ➡️ Bind your Twitter account ➡️ Join mining

3.3.2 How to join Mystery Box Lucky Draw

The Lucky Draw Pool is exclusive to OKX Wallet users. An indicator will appear when you connect your OKX Wallet address. You have a total of three chances (1 Task= 1 Lucky draw) to enter the Lucky Draw. Completing one task earns you one chance.

📌 Participation in the Lucky Draw is only possible through the link with ‘ref=okx’ (https://soquest.xyz/bql-mining?ref=okx). Even if you log in via the OKX Wallet, you won’t be eligible for the Lucky Draw if you access https://soquest.xyz/bql-mining

  • Follow @Port3Network and @okxweb3 on Twitter.
  • Execute BQL Workflow for swapping.
  • Invite friends to participate in the BQL Mining Campaign.

3.2.3 How to run a BQL

Choose any BQL Workflow — Switch to the Network that matches the Workflow — Click ‘Run’

3.2.4 How to buy and sell a Key

Switch to the Ethereum Network — buy the key. The Key is an ERC721 NFT, you can trade it on NFT marketplaces like OpenSea.

📌 The price of Key is determined by a Bonding Curve, so the earlier you buy, the lower the price.

3.3 How many reward can you receive

3.3.1 Transaction Fee

Based on the proportion of your points. Swap users will be ranked according to their trading volume. Different point calculation rules apply to different rankings, as explained below:

  • Top 10 in trading volume: Points = Trading Volume x 10
  • Top 100 in trading volume: Points = Trading Volume x 5
  • Top 500 in trading volume: Points = Trading Volume x 2
  • Others Points = Trading Volume x 1

3.3.2 Key Dividend

After each mining epoch concludes, the system calculates the trading volume of each BQL pool. Based on this volume, the system determines the allocation for each dividend pool. Rewards for each dividend pool are distributed based on the BQL Keys held by users. Users with more Keys receive a larger share of the rewards.

User‘s dividend amount= (Holding Keys / Total Keys) * (Trade Volume of BQL / Total Trade Volume of BQLs) * BQL Reward Pool

3.3.3 Random Prize

The system maintains a random reward pool. If your transaction meets the following condition, your address becomes eligible for a prize. The entire amount in the pool during that period will be awarded to that address.

Eligible conditions: int(TxID) % 1000 = 33

3.3.4 Mystery Box Lucky Draw Prize

20,000 USDT with rewards ranging from 0.5 to 20 USDT and 5,000 Special freemint NFTs.

3.3.5 Gemstones

All participants in BQL Trade Mining can receive Gemstones as rewards. The amount rewarded is calculated based on the user’s trading volume.

3.4 When you receive your reward and how to check it

  • Transaction Fee

Within 24 hours after each Epoch.

  • Key Dividend

Within 24 hours after each Epoch.

  • Random Prize

Tokens are received automatically within 3 hours.

  • Lucky Draw Prize

Check your Mystery Box Balance on the BQL Mining page and withdraw it at any time.

  • Gemstones

Distributed at 2:00 AM (UTC) every day.

4. Swap Trading

If the token you want to trade is not available in the BQL Workflow, you can switch to ‘Swap Trading’ to swap the token.

  • Swap trading follows the same rules as BQL.
  • Be sure to check the liquidity of the token pair and implement proper risk management.

📍About Port3

Port3 is the bridge between Web2 and Web3. We are building a protocol to aggregate and standardize both off-chain and on-chain data to build a Social Data Layer that is universally accessible and powerful for Web3 use cases.

Currently, we support 16 L1s and most EVMs.
Our main product is SoQuest, which is our task and minting platform that has over 30k WAU. Combined with our DAOTools bot that covers 10.9m in discord and 6.4m telegram respectively. We are able to segment and profile our users accordingly. Our vision is to help our users bridge the gap and accelerate the transition to Web3.

BQL as an AI-powered zero-code executor for on-chain actions, provides an open way for intent layer possibilities

Website | Twitter | Telegram | Discord | Docs | Medium

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