Trava Mini-Game Series
Introduction To Fortune Mining
To provide users with more services in the Trava Ecosystem, we have planned to implement the Trava minigame series. After the Trava Lottery and Battlehand, the next game — Fortune Mining, will be soon published on September 8th 2022.
What is Fortune Mining?
As mentioned, this is an important component of the Trava Minigame Series. The game is built on the well-known blockchain idea of the No-loss-rewards game, allowing participants to earn big prizes without worrying about losing their money.
How does it work?
So how exactly does Fortune Mining work?
For more details, users first need to deposit their money into the Fortune Mining Pool. All the rewards from the total deposit will then be distributed to a certain number of lucky users. The more money they deposit, the more chances they will be chosen (based on our algorithm).
That means instead of distributing for all users (based on their deposit amount) as a normal lending pool, the total rewards will be spent to be one big prize for the lucky ones.
The benefit Fortune Mining brings to players.
No loss to worry about
As the old saying goes, “More risk brings higher return.” However, with Fortune Mining, players will not need to worry about their losses. Because of the unique mechanism, there will be no loss, and unlucky players can get their deposits back after a certain period.
Big prize to look for
While there is no loss to be concerned about, the winner may earn significantly more benefits than they would if they had deposited into the regular pool.
For example, assuming that we run a Fortune Mining pool for users to deposit DAI and gain 20.000 DAI in total deposited after one week. With APY at 1.5% (that is converted to APR at about 0,92%) and APR at 4.08%, respectively, two weeks later, the total reward for the winner will be calculated as:
20000*(0.92%+ 4.08%)/365*14 = 38.356 DAI.
That means if you deposit 100 DAI at first and become the lucky one, you will receive about $38,356 (the interest rate at about 1000%) instead of $0,19 (the interest rate at about 5%).
As in the example above, the gap between the rewards you could get in a normal pool and the Fortune Mining pool is very significant. For that reason, this mini-game will be a good choice for those with small capital to try their luck and get much more money than usual.
To sum up, what do you need to do to attain the benefits?
Step 1. Deposit your token into the Fortune Mining Pool
Step 2. Waiting for a certain period (depending on each campaign)
Step 3. Check the result:
- If you are the lucky one: Congratulations, you get all the rewards from the pool
- If you have not been lucky yet, don’t worry, you can withdraw your deposit or keep them in the pool, then try your luck in the next period.
Notes: We will soon run a voting snapshot for our community to decide which asset should be put in the Fortune Mining pool. Stay tuned for that.
About TRAVA.FINANCE
Trava.Finance is the world’s first decentralized marketplace for cross-chain lending.
While existing approaches provide only one or a few lending pools with their own parameters such as borrow/supply interest rate, liquidation threshold, Loan-to-Value ratio, or a limited list of exchangeable cryptocurrencies, TRAVA offers a flexible mechanism in which users can create and manage their own lending pools to start a lending business.
Based on the Knowledge Graph, Trava performs blockchain data analysis to enhance user experience, increase profit and decrease risks for all users. Credit Score Evaluation is the first analysis that Trava.Finance focuses on and deploys.
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