SERO Mining Association Reward System

 




SERO Coin Allocation Rules


The total supply of SERO that will ever be is 1 billion, and the distribution is as follows:

1) 10% i.e 100 million SERO coins are reserved for external financing purposes to support the ongoing operation of the project team. And 1:1 mapping of 100 million ERC20 tokens.

2) 80% i.e 800 million SERO coins belong to the miners and miners’ guild organizers, and the bitcoin halving time points should be as consistent as possible, set to a four-year halving cycle, and the halving cycle is also consistent with Bitcoin, which lasts about 101 years. The release is completed in the year. See below point 4 for specific allocation and award details.

3) 100 million SERO coins belong to the project start-up team and will be used for the project team’s founding shareholders and early contributors to reward, and the same amount of SERO coins excavated by miners, released for about 101 years.

4) The distribution of 800 million SERO coins belonging to the Miners and Mining Association organizers mentioned in above point 2 is as follows:
a) 750 million SERO coins will be dug by miners and awarded to miners.
b) 0.5 billion SERO coins will be allocated to the president of the Association according to the ranking mechanism.

SERO Association Reward System Rules


1. Total Guild rewards.


5% of all SERO coins, or 50 million SERO coins, will be released in the same halving period in 101 years and will be awarded to the top 100 guild presidents.

2. The Guild ranking rules reward interval.


All unions are ranked according to the total amount of all members of the guild from 0:00 (Beijing time) on the 15th of each month to 24:00 on the 14th of the following month, ranking from the highest to the lowest, taking the top 100 Reward and set different reward intervals. Please refer to the attachment below for specific intervals.


3. Guild joining process


The SERO project team temporarily manages the guild joining process manually.

i) Miners who apply for new mining can send an email to [email protected] to apply for mining and join the guild.

The email subject should be: “Applying for mining license and join the xx guild “(Note: xx represents the name of the guild)

The body of the email must include the following :

A: Your own public key
B: Guild name
C: Guild ID (the public key address of the president of the Association)

ii) Miners who already have a license and are engaged in mining activities can send an email to [email protected] to join the guild.

The email subject should be: “xx guild membership application” (Note: xx represents the name of the guild)

The body of the email must include the following:

A: Your own public key
B: Guild name
C: Guild ID (the public key address of the president of the Association)

4. The acceptance time of the Guild


After receiving the sender’s enrollment email, the SERO project team will take effect the next day.


5. Guild transfer process


Miners can send an email to [email protected] for a transfer.

The email subject should be: “xx guild transfer application” (Note: xx represents the name of the guild)

The content of the email must include the following:

A: Your own public key
B: The name of the guild where you are now.
C: The current guild ID (i.e the public key address of the current president of the guild)
D: Name of the guild to apply for transfer
E: The guild ID to apply for transfer (i.e, the application to transfer to the guild president’s public key address)

6. Guild transfer time


After receiving the transfer email, the SERO project team will accept the application for transfer of the association before 20:00 on the 12th of each month. The performance of the transfer application will still be included in the original guild, and the performance after 0:00 on the 15th will be included in the new transfer. Enter the guild.

Guild members who do not send a transfer application default to the current guild.

7. The Guild rewards


1) The SERO project team calculates the sum of the mined blocks of each guild at 0:00 on the 15th of each month. The first 100 guilds will receive the SERO coins for the corresponding rewards.

2) If the number of guilds in the month is less than 100 the remaining amount will be distributed equally to each guild that meets the conditions (a guild member with more than 5 independent licenses that dig out the block in the current month).

3) The SERO project team will enter the corresponding SERO currency reward into the president’s public key address before 0:00 on the 18th of each month.

4) The first guild reward will be issued on February 18, 2019, before 0:00.

5) The guild ranking corresponding to the award amount is subject to the public announcement of the SERO official website.

Guild Reward Form (before the first halving cycle)

 



Guild Doctrine


1) The goal is to provide more accessible services to SERO miners.

2) Membership in a guild is entirely up to the miner’s own free will.

3) Any miner who has worked out in a week may form a guild.

4) The SERO team is only responsible for technical support and rewards, not for union matters.

5) The President of the Union may not enter other Guilds.

Important Note :

1) In order to qualify for guild reward, each guild should have minimum 5 licenses/5 members issued to it.

2) A license should have mined a block in order to qualify for reward.

3) Guilds are ranked according to the number of blocks mined out by the guild. The guild president and the miners must write a mail to [email protected], and specifically write in the email: “The president’s public key address, guild name”.

4) A miner can apply for multiple licenses.

IMPORTANT LINKS

Related Resources

BetaNet block explorer: www(dot)explorer(dot)web(dot)sero(dot)cash
Source code location: www(dot)github(dot)com/sero-cash/go-sero
Smart contract editor: www(dot)remix(dot)web(dot)sero(dot)cash
SERO Wiki: www(dot)wiki(dot)sero(dot)cash/

Official website : www(dot)sero(dot)cash
Discord : www(dot)discord(dot)gg/mGJGZJT