The highly-anticipated TRON Century Mining will be launching soon on March 8th 2021, 21:00 (SGT)! TRON Century Mining is a clear indication that under the leadership of TRON Foundation founder and BitTorrent CEO Justin Sun, the TRON ecosystem and the SUN.io platform will continue to attend to the needs of the community, ride the industry-wide trend and create values for tokens and token liquidity to usher in sustaining prosperity for the TRON decentralized ecosystem.
We are now calling for projects on the TRON network to join us in TRON Century Mining, with project availability limited to 20 spaces, available on a first come first serve basis. Participating projects will be promoted by official TRON Foundation channels, and a subsidy for each project from TRON Foundation founder and BitTorrent CEO Justin Sun.
In an effort to advance the TRON DeFi ecosystem and projects based on the TRON network, projects participating in TRON Century Mining will also include participating project tokens in the mining pools and rewards. This means miners can not only mine and receive the official 5 TRON tokens in TRX, BTT, JST, SUN, WIN, but TRON network project tokens as well!
Application Details:
Registration Period: Today to May 23rd 2021, 20:59 (SGT)
Submit applications to: CenturyMining@sun.io
Amazing Benefits:
Join for high earnings and no risk! Justin going ‘all in’ in support of the TRON DeFi ecosystem!
20 projects enlisted will receive subsidies, with the amount in subsidy ranked by priority in order of successful registration.
Subsidies are up to 50% of the quota with a value of up to $1,000,000 in TRX, BTT, JST, SUN, and WIN in a gift pack! (Hereafter referred to as the TRON Token Gift Pack) Subsidy amount in accordance to tokens supplied by project party as follows:
1st — 3rd: 50% of total amount provided by project party in TRON Token Gift Pack
4th — 10th: 40% of total amount provided by project party in TRON Token Gift Pack
11th — 15th: 30% of total amount provided by project party in TRON Token Gift Pack
16th — 20th: 20% of total amount provided by project party in TRON Token Gift Pack
Ranking Regulations: Projects receiving subsidies from Justin are ranked in accordance with order of participation, with the first participating projects receiving the most!
Note: The SUN team will review all project applicants to ensure project quality and legitimacy. The SUN team reserves the right of final interpretation of this event.
Daily TRON Token Gift Pack token distribution for Projects is as follows:
Mining Pool Allocation for Enlisted Projects:
If for example there are 3 Projects: Project A, B, and C. Project A submits $50,000, Project B $30,000, and Project C $20,000, mining pool distribution will be calculated as the following:
*The table below demonstrates how the funds committed by the three projects in our example are allocated (measured in USDT)
*Project teams will receive a corresponding share of funds in proportion to their commitment size in the collective LP pool of all projects.
For example:
Amount of A’s commitment that is allocated to A itself = Total funds committed by A x 20% (the collective LP pool of all projects) x 50% (the project’s share of commitment)= 50,000 x 20% x 50% = 5,000 USDT
Amount of B’s commitment that is allocated to A = Total funds committed by B x 20% (the collective LP pool of all projects) x 50% (the project’s share of commitment)= 30,000 x 20% x 50% = 3,000 USDT
Amount of C’s commitment that is allocated to A = Total funds committed by C x 20% (the collective LP pool of all projects) x 50% (the project’s share of commitment)= 20,000 x 20% x 50% = 2,000 USDT
General Formula: The amount of funds obtained by Project M from the total LP mining pool = total investment assets of all project parties x 20% x M%. M% is the proportion of Project M’s committed assets in comparison to total assets submitted from all projects
Rewards Distribution:
1. Mining rewards are distributed once a week in 24 weeks starting after the first week of the campaign. For example, if the user joins the campaign in Week 1, his/her rewards will be fully distributed in Week 25.
2. 10% of SUN in LP mining prize pool (or 33% of SUN total rewards) can be withdrawn anytime, while the remaining token rewards (TRX, BTT, JST, SUN, WIN) will be distributed once a week in 24 weeks.
All rewards in Lend pools including TRX, BTT, JST, SUN and WIN will be distributed weekly in 24 weeks.
TRON Foundation
March 5th, 2021
