Introducing RobustSwap Trading Mining
The RobustSwap Decentralized Exchange (DEX) with staking and yield farming was launched on November 11, 2021.
The launch was in accordance with the Robust Protocol roadmap and saw the introduction of the RobustSwap Token (RBS) into the ecosystem.
RBS core features includes:
All RBS transactions are protected against front-running and liquidity draining bots that plague most DeFi tokens and projects. The outstanding success of this feature is self-evident as no RBS transaction has been front-run by a bot since launch.
While most projects generate liquidity from transaction tax, RBS does it quite differently with emphasis on the optimization of the liquidity generation process. We called this feature “Smart Liquidity Generation” or SLG.
When SLG is activated, the liquidity generation process is directly tied to the BNB value of the accumulated RBS transaction tax. When an equivalent of 1 BNB worth of liquidity can be generated from all collected transaction tax, only then will SLG will be triggered. This feature has ensured that the RBS token maintains one of the highest market cap to liquidity ratios in the entire DeFi space.
Limited Supply and Emission:
RBS has a fixed maximum supply of 106 050 with a limited emission of currently approximately 600 RBS daily.
You can read about all these features in the RobustSwap Docs: https://docs.robustswap.com/
While the RBS boasts of some cutting edge and innovative features, trading volume has been one of the core challenges.
In an extremely competitive DeFi and crypto space with thousands of projects created daily, RBS has struggled to gain trading traction.
RobustSwap Trading Mining:
In order to stimulate more RBS and RBT trading volume, we will be implementing the RobustSwap Trading Mining system.
At the moment, users can get RBS either by buying, farming or through the referral system. We will be including Trade Mining to this list.
As stated above, approximately 600 RBS is created daily with 576 RBS allocated to the RBS farms and pools for liquidity mining and staking rewards. After the implementation of Trade Mining, over 50% of the current farms and pools allocation will be redirected to rewarding traders of the RBS and RBT tokens.
Consequently, every time a user buys RBS or RBT with BNB on the RobustSwap DEX, they will automatically be rewarded with RBS tokens. This reward can be claimed at any time.
Please note that only buys BNB-RBS and BNB-RBT executed on the RobustSwap DEX will receive Trade Mining reward. We will be looking to adding more trading pairs in the future.
As there was no pre-mined RBS, the RBS for Trade Mining will be distributed from the RobustSwap MasterChef contract in the same manner in which the RBS for the RobustSwap farms and pools are distributed. Similarly, this distribution will occur in every block (approximately every 5 seconds), with about 288 RBS allocated for Trade Mining daily.
The Trade Mining pool balance will continue to grow if no trade occurs.
There is a minimum of 0.1 BNB buy to earn RBS reward. The user receives a percentage of the pool balance depending on how much BNB is transacted.
For example, 0.1 BNB buy will give the user 10% of the total pool balance at the time of the transaction.
However, transactions of 1 BNB or above will receive the entire pool balance at the time of the transaction.
In essence, the first user who initiates a trade of 1 BNB or above after an extended period with no trades will claim the total amount of RBS in the Trade Mining pool — Jackpot.
As stated above, the minimum amount to earn RBS reward is 0.1 BNB.
The RobustSwap Trade Mining will be fully implemented and functional on June 20, 2022.
As always, none of the above should be construed as financial advice. Investing in cryptocurrencies and tokens is highly risky.
Please do your own research before participating and ensure that you are complying with all applicable local laws.
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