memehash whitepaper ከታች ያንብቡ
Mining based game
it offers a mechanism for game tokens distribution, leveraging the principles of Proof-of-Work (PoW) inspired by Hashcash, in a manner similar to Bitcoin mining. Participants (miners) generate blocks by computing valid hashes, with the first participant to successfully solve the hash receiving the block reward (game tokens).
In this framework, tokens are accessible to all participants, but each claim requires the successful completion of a computational challenge, creating a fair and equitable earning environment.
The more computational power you have, the more chances to mine a block, but for more fair distribution we added 'share' and energy system.
How it works?
Reward Allocation
Mining based game
it offers a mechanism for game tokens distribution, leveraging the principles of Proof-of-Work (PoW) inspired by Hashcash, in a manner similar to Bitcoin mining. Participants (miners) generate blocks by computing valid hashes, with the first participant to successfully solve the hash receiving the block reward (game tokens).
In this framework, tokens are accessible to all participants, but each claim requires the successful completion of a computational challenge, creating a fair and equitable earning environment.
The more computational power you have, the more chances to mine a block, but for more fair distribution we added 'share' and energy system.
How it works?
In simple words: you are using your device power to solve some kind of captcha to receive for that tokens in return.
Specification:
Total Blocks:
1,000,000
Total Token Supply:
1,000,000,000 coins
Block Generation Interval:
~5-6 seconds per block
Rewards:
Rewards per block increase incrementally and starts with 500, promoting sustained participation while preventing early participants from dominating the token supply.
Difficulty Adjustment:
Mining difficulty is recalibrated automatically every 10 blocks to maintain consistent block generation. As the number of miners increases, so does the difficulty, mitigating the risk of accelerated mining.
Energy:
Since app it self doesn't have many social features, energy is applied to solve this problem and improve fairness.
Reward Allocation
Full Block Reward:Mining Timeline
If a single participant mines the block, they receive 100% of the reward.
Shared Mining Rewards:
When multiple participants contribute partial solutions (referred to as shares), the primary miner is awarded 70% of the block reward. The remaining 30% is distributed proportionally among the share contributors based on their contributions.
Mining Duration:
The mining process will continue until all 1,000,000 blocks are generated and estimated ending date is ~31 December 2024
Token Distribution:
Upon completion, the total in-game tokens supply will be allocated to miners through the TON Blockchain. (jetton)