As announced recently Our team is preparing the launch of testnet where Kollectors get an overview of the platform and everything it has to offer. Testnet is not just to get feedback from Kollectors to fix bugs and improve user experience. Our team felt it was important for Kollectors to try out some of our unique systems and features, such as stake in their collections, to understand the flow of their users. as well as the taste of potential rewards
Private Collection Book
Recipe ingredients:
weighted score (WS): The weighted score is the numerical value of the card. This ultimately measures the importance of cards in a collection and therefore the number of rewards that can be harvested. There are several factors that determine a card’s weighted score, such as rarity. difficulty in obtaining, etc.
success rate bonus (CRB): The Success Rate Bonus is a buff that Kollectors can earn when a certain threshold is reached in the Private Collection Book. Depending on the success rate of accumulating
weighted card score Stake all: Refers to the total WS of all cards bet by all Kollectors in the collection.
Total success rate bonuses: Refers to all collected WS that are distributed to Kollectors through Collection Success Bonuses.
Reward Pool: Means allocated to users who bet on prizes. Each collection has its own collective reward. and may have different terms and conditions from other reward collections, such as distribution schedules. total number of prizes, etc.
How does it work?
To illustrate the Private Collection Book’s reward system, see the Collection Example below for detailed instructions on the Private Collection Book’s reward system and how it’s calculated.
Let’s look at the recipe again.
Let’s divide the formula into parts and solve each part.
The weighted score of that card. Stake + success rate bonus
a. The weighted score assigned to Emma in ‘Sample Private Collection 1’ is 200.
b. EMMA + 5 WS wagering success rate bonus as it accounts for 25% of the total collection.
C. Card Weighted Score + Success Rate Bonus = 205
weighted card score Stake All + Success Rate Bonus
a. The weighted score of the card we plan to stake (EMMA) indicates a WS of 200. As shown in this scenario, we are the first and only Kollector to start betting on this accumulation. Total card weighted score = 200
b. The total success rate bonus is 5 as shown in this scenario. We are the first and the only ones to start betting on accumulating and qualifying. Plus, we’ll be the only ones getting the success rate bonus (+5).
C. Total Stake Card Weighted Score + Total Success Rate Bonus = 200 + 5 = 205
daily prize money
a. Each collectible book will have a predetermined total prize. as indicated for such examples and situations. to receive a daily reward of 100 $KOL
b. Daily prize money = 100 $KOL
Bring it all together!
= ((200 + 5) /(200 + 5)) x 100 $KOL
= (205 / 205) x 100 $KOL
= (1) x 100 $KOL
=100 KOL
If all factors and variables are stable, our card Stake (EMMA) in this collection, we will be able to win 100 $KOL every 24 hours until the collection is reset.
Public Collection Book
Components of the formula given:
First time claim bonus (FCB) : First Claim Bonus is a prize that can be claimed in the Public Collection Book, whereby the first user to claim the collection will receive the FCB allocated, after which all bettors are not eligible for this prize.
Weighted Score (WS): A weighted score is a numerical value assigned to a card. which ultimately measures the importance of cards in a collection. and thus the number of rewards that can be harvested. There are several factors that determine a card’s weighted score, such as rarity. difficulty in obtaining, etc.
All Stake Card Weighted Scores: Refers to the total WS of all cards bet by all Kollectors in the collection.
Reward Pool : Means allocated to users who bet on prizes. Each collection has its own collective reward. and may have different terms and conditions from other reward collections, such as distribution schedules. total number of prizes, etc.
bonus rate Stake (SBR) : Staking Bonus Rate is a buff that Kollectors can earn by stake KOLs in conjunction with their NFT when claiming a Public Collection Book. Kollectors are eligible for a staking bonus rate which ultimately results in more rewards. Depending on the amount staked $KOL
How does it work?
To illustrate the Public Collection Book’s reward system, see the collection example below to see the Public Collection Book’s reward system and how it’s calculated.
Let’s look at the recipe again.
Let’s divide the formula into parts and solve each part.
FCB (First Claim Bonus)
A. The FCB for the card we are betting on in this situation (EMMA) has FCB 200 $KOL if no one has claimed this slot before. We will receive such money.
b. FCB = 200 $KOL
(weighted score of staked cards/ total score of staked cards all)
a. The weighted score of the card we plan to bet on (EMMA) shows a WS of 200 in the numerator.
b. No other slots may be claimed by others. The weighted score of the total bet card we should bet is 200 (Emma) and the denominator is 200.
c. Total Bet Card Weighted Score / Total Bet Card Weighted Score = (200 /200) = 1
daily prize money
a. Each collectible book will have a predetermined total prize. as indicated for such examples and situations. to receive a total daily prize money of 100 $KOL
b. Daily prize money = 100 $KOL
Wagering Bonus Rates
a. Bonus wagering rates vary according to the amount of KOL wagered in this scenario and for this special collection. We have wagered 1000 KOL with 1% stake bonus.
b. Wager Bonus Rate = 1 + (Bet Bonus Rate) = 1+ (0.01) = 1.01
Bring it all together!
= 200 $KOL+ (200 / 200) x 100 KOL x 1.01
= 200 $KOL +(1 x 100 KOL) x 1.01
= 200 $KOL + 100 KOL x 1.01
= 200 $KOL + 101 KOL
= 301 $KOL
If all factors and variables are constant By betting on our card (EMMA) in this collection, we can win 301 $KOL in the first 24 hours and qualify for 101 KOL every 24 hours thereafter. until the collection is reset.
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