Stake

Calculation Conditions and Methodology for HoopX Staking Rewards

Within the HoopX platform, a specialized calculation method is employed to determine users' shares from the staking pool. This method evaluates contributions based on three critical factors, ultimately defining the total score that dictates both the proportion of rewards from the staking pool and the level of participation in X Pool projects. Here’s a detailed breakdown of this process:

Key Components of the Calculation

1. Membership Card Multiplier

• Function: Each member holds a unique membership NFT card with a specific multiplier value. This multiplier is essential as it boosts the value of the staked HOOPX tokens during the total score calculation.

• Impact: The membership card multiplier forms the foundation of the scoring process, amplifying the influence of the tokens staked by the user in the pool.

2. Staked HOOPX Token Quantity

• Function: This refers to the total amount of HOOPX tokens a user has committed to the staking pool.

• Calculation Detail: Half of this staked amount is used as a multiplier in the scoring calculation. This approach emphasizes the strong correlation between the quantity of staked tokens and the potential for earning rewards.

3. Lock Period

• Function: This is the duration for which users choose to lock their tokens in the staking pool.

• Effect of Duration: Longer lock periods increase the multiplier, thereby boosting the user’s total score. A higher score results in a more substantial share of rewards from the staking pool and enhanced participation levels in X Pool initiatives.

Additional Earning Opportunities: ARB Token Rewards

• ARB Token Earnings: Users who stake their HOOPX tokens also earn ARB tokens as part of their staking rewards. This additional incentive adds another layer of value to participating in the staking pool.

• Exclusive to Members: Only users who hold a membership NFT card are eligible to stake their tokens and earn these rewards, reinforcing the benefits of membership within the HoopX ecosystem.

Total Score Calculation

The comprehensive score that determines a user’s share and participation level is calculated as follows:

• Formula: The total score is calculated by summing the membership card multiplier with half of the staked HOOPX token amount, and then multiplying the result by the lock period multiplier.

Outcome of the Calculation

1. Reward Allocation

• Proportion of Staking Pool Rewards: The calculated total score directly determines the proportion of the staking pool rewards, including ARB tokens, that each user receives.

2. X Pool Participation Rights

• Eligibility for X Pool: In addition to earning rewards, users who stake their HOOPX tokens gain the right to participate in X Pool, allowing them to engage in early-stage crypto projects selected by the HoopX team.

3. Participation Level Definition

• Influence on X Pool Activities: The total score also impacts the level of participation and eligibility for special events on X Pool, ensuring that active contributors benefit the most from their involvement.

Incentivizing Active Participation

This robust calculation method not only guarantees fairness and equity in reward distribution but also encourages sustained engagement among users. By incentivizing members to actively participate within the HoopX ecosystem, the platform aligns user actions with its overall growth and success. The transparency and clarity of this system build trust and commitment among users, enhancing the overall health and dynamism of the HoopX community.