Daily Auction (How To Mint)
There will be an auction-style minting phase that runs for 30 days only. At the end of the 30 day minting phase, no more $BOOM will ever be created.
Each day is an auction, so the amount a participant receives on a particular day will depend on the number other participants for that particular day. The following formula is used to determine the exact distribution per day that the auction is live: $BOOM Received = (Participantβs XNT Contribution / Total XNT Contributions) Γ 30,000,000
This process will continue for 30 days. There's a total of 30,000,000 $BOOM available per day that will be split pro-rata amongst the participants of the auction, so fewer participants equals a higher payout per participant that day (less competition).
How to Mint $BOOM:
Step 1 - Go to our minting website and connect your wallet.
Step 2 - Use XNT to mint $BOOM. You have 30 days to mint via the daily auction.
Step 3 - Selecting days to mint when there are fewer auction participants will award you with a higher percentage of the daily allocation of 30M $BOOM.
Step 4 - Minted $BOOM is claimable for all participants at the end of the minting phase (Day 30). LP for $BOOM will be added at this time and locked forever (starting price will dependent on how much XNT is deposited).
*This approach ensures that each day offers an equal and fair opportunity for users to participant for the best price possible. **Don't forget to refer your friends to earn XNT.
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