Mining Rewards

Verychat pays out 800 million VERY, or 8% of its total supply, as a fruit reward to encourage users to stay connected (retention).

In the Verychat ecosystem, continuous user engagement is crucial and plays a significant role in activating future channels and content. To support this, a 'free mining' or 'app-tech' type fruit reward system has been introduced. This reward system encourages ongoing user activity and minimizes the server cost burden for Verychat through advertising systems like Google AdMob that appear each time a fruit is harvested, enhancing the sustainability of the ecosystem.

Verychat will continuously provide rewards until 800 million VERY, which is 8% of the total issuance, has been completely mined. After the 800 million VERY have been distributed, ongoing rewards will be provided using VERY recovered from advertising revenues. This mechanism is designed to ensure the long-term sustainability of the Verychat ecosystem.

Reward Cycle

Very fruits can be harvested every 12 hours after planting a Very seed, and a new seed can be planted immediately after each harvest. Users who own certain NFTs or specific coins (tokens), or who use specific models of smartphones, benefit from being able to harvest fruits more frequently. This is provided through partnerships and marketing collaborations.

Item

By using items, you can shorten the harvest time of the Very Tree’s fruit and increase the yield.

• Fertilizer Using fertilizer reduces the Very Tree’s fruit harvest time by 2 hours.

• Watering Using watering reduces the Very Tree’s fruit harvest time by 1 hour.

Reward Quantity

The rewards for harvesting fruits have a halving mechanism based on the amount harvested. Once the 800 million VERY allocated from the total issuance are all harvested, subsequent rewards will be paid through VERY recovered from advertising revenues. The quantity of rewards after the initial 800 million will be determined after all mining is complete.

The final harvest amount is calculated by multiplying the base reward quantity by the user's level-specific boosting power. For example, a user at the maximum Level 7, harvesting less than 100 million VERY, will receive 2.4 x 7 = 16.8 VERY every 12 hours, with a maximum of 33.6 VERY possible per day. (The yield varies depending on the use of fertilizer and watering!)

Total distributed VERY fruit yield	Default reward amount every 12 hours
~ 100,000,000 VERY	4.8 VERY
100,000,001 ~ 200,000,000 VERY	2.4 VERY
200,000,001 ~ 400,000,000 VERY	1.2 VERY
400,000,001 ~ 800,000,000 VERY	0.6 VERY

Invite Reward Level

Min to max of invitees	Level	VERY Boosting
0 User	1	x1
1~5 User	2	x2
6~10 User	3	x3
11~20 User	4	x4
21명~30 User	5	x5
31~50 User	6	x6
51 User Over	7	x7