Today, we will disclose some numerical values of the head mining phase to demonstrate that TypeIt has always adhered to the blockchain spirit of openness and transparency.
The numerical values presented this time mainly involve:
- The impact of different levels of computing power
- The impact of different levels of rarity
- The probability of obtaining an upgrade for different levels of rarity
- Daily emission
Please note that these values are subject to dynamic changes, and we will make corresponding adjustments based on actual circumstances to ensure the fairness and sustainable development of the entire platform.We believe that with the launch of the First-Mining phase, TypeIt will become more vibrant and dynamic, providing users with a richer experience.
1.Cost of unlocking mystery boxes
The fixed cost to unlock each mystery box is 1 T-COIN.
2.Basic computing power of NFTs
The higher the level of NFT, the higher the computing power, the lower the power consumption ratio, and the longer the upgrade cooling time.
3. Cost for upgrade
During the First-mining stage, the upgrade cost increases with the level, and will later be adjusted according to changes in the overall network computing power and mining environment
The cost is fixed and calculated in USDT, and settled through TCOIN.
For example, if two level 1 NFTs are upgraded to level 2, the cost would be 5U worth of TCOIN
4. Upgrade probability varies based on different rarity levels
Tips:If the rarity level of both NFT are the same, the upgrade probability is 100%
5. Rarity
The actual upgrade cooldown time for NFT= The base upgrade cooldown time — the reduced cooldown time.
For example, the upgrade cooldown time for a level 1 SSR NFT is: 18–18=0
6. Durability replenishment calculation
Durability will be only consumed within the first 3 minutes of typing, and replenishment can be done with T-COIN payment
The durability consumption = The actual computing power * power consumption ratio
The cost of durability replenishment = the replenished durability * k
(k is a dynamic parameter that changes according to the dynamic variation of the network computing power, initially set to 0.05 TCOIN/durability)
7. About $WORD
The total $WORD supply is 1 billion tokens, all of which are generated through “Type to Earn”.
Fixed daily release: 711,378 tokens
Reduction rule: 5% reduction every 30 days
Source: Red series NFT
Usage scenarios: Blue series NFT
8. About time (UTC)
Reward distribution time: Between 02:00 to 03:00 everyday
Reward settlement time: At 00:00 daily
Deduction frequency for durability: Every minute
Proficiency accumulation: 10 points every 3 minutes
You can view the total network data on the official website
About TypeIt
TypeIt is the world’s first Web3 payment input method, allowing users to earn income in their daily use and participate in the development trend of Web3. TypeIt provides keyboard skins as NFTs and offers rich scenarios such as Gamefi and Socialfi. In terms of privacy, TypeIt encrypts and saves all data locally, ensuring user privacy and security. As the center connecting the Web3 and Web2 worlds, TypeIt is not just an input method, but also a new way to participate in the digital economy.
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