BNB Miner CORE - Litepaper

What is BNB Miner Core?

BNB Miner Core is the first, the core contract of the BNB Miner ecosystem.
BNB Miner Core benefits from everything built on and around it. OG BNB
Miner community members know BNB Miner core as the original BNB Miner
contract.

Launched Mar-22-2021 08:56:44 PM +UTC

The BNB Miner Core contract is immutable, opensource and currently has
over 2.5Million transactions completed by 22,800+ users over the span of
roughly 2 years.

The BNB Miner Core contract is the bedrock on which many dapps will be built
upon, a time-tested and proven virtual machine at the center of an ever
growing ecosystem. Similar to how Bitcoin and other cryptocurrencies pay
rewards to miners and stakers, the BNB Miner core contract collects revenue
from all activity within its ecosystem, which in turn compensates current and
future BNB Miner Core users.

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Road Map Lite:

⦁ Begin rolling out new in-house games & dapps that utilize the BNB
Miner Core contract - Q1 2023

⦁ Upgraded onsite personal stats - Q1 2023

⦁ Update BNBminer.finance landing page for easy ecosystem navigation -

Q1 2023

⦁ Strategic Marketing Campaigns - Q1 2023

⦁ Meet the Dev - First Live Update & AMA - Q1 2023

⦁ Weekly and/or Monthly Live Dev Updates & AMA's - Q1 2023

⦁ LaunchPad for self-starting dev teams who build unique, secure and
economically sound dapps that utilize the BNB Miner Core contract &
dapps within its ecosystem - Q2 2023

How does the BNB Miner Core contract work?

Users hire miners with any amount of BNB (bep20) and are credited with a
particular number of miners based on the current value of miners. The
contract calculates the current value of miners by dividing the current contract
balance by the total number of miners currently in existence. To further
simplify things, miners can be viewed as tokens and the contract balance can
be viewed as the fully diluted marketcap of those tokens.

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What makes BNB Miner core different from a traditional cryptocurrency?

Unlike traditional tokens that can lose 100% of their value within as little as
hours due to instant dumping, BNB Miner limits daily profits to 3% of the
user's current TVL (Total Value Locked).

Once users hire miners, those hired miners belong to them forever. Users can
create new miners in two ways, hiring them using BNB and/or compounding
the daily BNB that miners fill their barrels with. This means miners are
infinitely inflationary. Knowing these facts, users are encouraged to stay active
by compounding, pocketing and/or hiring new miners often (daily at a
minimum).

Compounding:

Compounding helps users preserve and grow their positions by growing their
total number of miners, which in turn captures future value from those
choosing to pocket instead. During highly bearish moments in the contract,
even compounders can sometimes see a reduction in their personal TVL's, but
keep in mind, TVL is simply a gauge for daily payouts (users receive 3% of their
current TVL daily, indefinitely).

While the TVL's of compounders can decrease due to others pocketing, the
compounder is actually gaining a larger portion of the contract. The larger
portion of the contract that the compounder now owns is simply spread out
over a longer period of time to further protect the contract. This relieves
selling pressure and gives the contract greater potential to begin growing once
again. When the contract balance begins growing, compounders will notice
their TVL's and daily payouts growing again as well.

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Pocketing:

Just like selling any traditional token, pocketing lowers the value of all miners,
but it greatly affects the long-term value of the user doing the pocketing.
When a user pockets, they are selling out of their position. Their miners
remain stagnant, allowing inflation (users compounding) to eat away at the
pocketer's TVL. While users are allowed to pocket as often as they wish within
the rules of the contract, it's encouraged to do so responsibly with the long-
term health of not only the contract in mind but your personal TVL as well.

Doing Nothing:

As previously mentioned, we encourage users to take action as often as

possible. The barrel will continue to fill daily, but due to the inflationary nature
of miners, leaving them unattended for long periods of time is a waste of
potential value and can result in an unnecessary decline in personal TVL.

Will the value of miners go to zero:

The contract has mechanisms that protect its balance from being completely
drained. The contract penalizes serial pocketers and dormant users through
inflation. During times of increased pocketing, compounders are actually
taking control of a larger portion of the contract. Their daily payouts are
simply spread out over longer periods of time, giving the contract a chance to
begin growing once again as intended. The value of miners will not go to zero.