$uore is an experimental project combining $upeg NFT staking mining + buyback + lottery + DeFi, in other words, uore is a derivative of $uPEG . The next step depends on the level of staking $upeg to decide whether to get on board;


Its mechanism includes the following aspects:
Holders of $uore can mine uore by staking uPEG, and $uPEG 's NFTs have different rarities, which determine your mining power;

In other words, the more $upeg you stake, the higher your share of the total mining power, and the more $uore you will mine. At the beginning, 1,000 tokens can be mined daily, then it will decay by 1% daily. 80% of the tokens will go to stakers, and 20% will go into the prize pool because there is a lottery mechanism;
The lottery mechanism is triggered when you buy 0.1 ETH or more of uore on platforms like Uniswap, and the contract records the purchase. The larger the purchase amount, the higher the chance of winning, and when you win, the funds in the prize pool are directly paid to the winner;
Next is the buyback mechanism, where a 1% tax on buys and sells is used for token buybacks. The contract will automatically buy back and burn $uore using the funds from the pool when certain conditions are met;
Overall, it’s pretty average. When I saw it, I didn’t have time to research, and it already reached 1.3 million. Now, it depends on how much players stake $uore to decide whether to buy this token;
$upeg
0x1f6102a413d72a6d37479405adf14e8d7910032a
ETH-0.26%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin