Automatic Mining Process
Last updated
Last updated
The automatic mining process in Social Kingdom directly values users' social media activities and converts them into SOCIAL tokens.
Tokens are automatically mined every hour based on the user's Total Hashrate (TH).
Mining amount calculation: Tokens mined per hour = (User's TH / Total TH of all users) × Total tokens issued per hour
Higher user TH results in more tokens mined.
The ratio of individual TH to the total TH of all users is crucial.
Additional bonus SH can be earned by participating in special events like Quick Press Challenges.
Occurs randomly 3-5 times a day, awarding bonus SH (+100 SH) for pressing a specific button within 30 seconds.
This bonus SH is reflected in the next automatic mining TH calculation.
Immediacy: User activities are reflected in rewards almost in real-time.
Transparency: All reward acquisition processes are recorded on the blockchain and can be verified by anyone.
Fairness: TH-based distribution ensures fair reward distribution according to contribution.
Scalability: Mining difficulty is automatically adjusted according to increases in user numbers and activity levels.
