When will the TX mining reward be distributed? How is the amount of distribution calculate?

MAX has completed a burn of 90,138,378.8033 MAX Tokens.  We have also terminated the MAX Token transaction mining reward.

(2019/11/27)



The TX mining reward will be distributed within an hour after the completion of the transaction.


Formula: Trading fee * Percentage of TX mining reward = MAX Token unit under the current fair market price


Note: As more MAX tokens are mined, the percentage of the TX mining reward decreases, and so is the the TX mining reward. The relevant information will be available soon on the MAX Token introduction page.


For example,

Scenario 1

Assuming -

  1. 1 USDT = 1 MAX Token
  2. The percentage of TX mining reward is 60%
  3. User pays 30 USDT fee upon the execution of the order.

Reward

TX mining reward 30 MAX Tokens (30USDT * 60% * 1 = 18 MAX Tokens).


Scenario 2:

Assuming-

  1. 1 USDT = 1 MAX Token
  2. The percentage of TX mining reward is 50%
  3. User pays 30 USDT fee upon the execution of the order.

Reward

TX mining reward 15 MAX Tokens (30 USDT * 50% * 1 = 15 MAX Tokens).


Scenario 3:

Assuming-

  1. 1 USDT = 2 MAX Tokens
  2. The percentage of TX mining reward is 50%.
  3. User pays 30 USDT fee upon the execution of the order.

Reward

TX mining reward 30 MAX Tokens (30 USDT * 50% * 2 = 30 MAX Tokens).


Related links

https://max.maicoin.com/max-token?lang=en#mining


Please note: If you use MAX Token to offset your transaction fee, you will not receive the transaction mining reward from this order.

For more details, please check out this page https://support.maicoin.com/en/support/solutions/articles/32000024832-when-will-the-trading-fee-discount-capability-of-max-token-be-enabled-.

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