Original subtitles

FDOBANK, stands for FREEDOM BANK

is a decentralized aggregation ecosystem platform

which aimed at building a decentralized Swiss bank

through its decentralized wallet (F-Wallet),

decentralized chat (F-Chat)

and the F-PAY encryption payment protocol.

It aims to provide users with privacy and protection

for decentralized assets.

FDOBANK operates on a three-in-one mining model

centered around banking wealth management

to achieve a perfect economic closed loop

and provide investors with diverse and lucrative investment opportunities.

FDO COIN is issued through coin minting

similar to how a central bank issues currency

that requires an equivalent amount of gold

to be pledged to the treasury in order to be issued.

Similarly, FDO COIN requires the pledging or destruction of equivalent tokens

in order to be produced.

All users can enter the FDOBANK ecosystem

and establish relationships through the DAPP

participating in the economic model.

First, the banking wealth management model

allows users to earn daily returns of FUD by pledging USDT.

FUD is a stablecoin circulating within the FDOBANK ecosystem

used for exchanging with USDT and participating in mining

Unlike traditional centralized banking wealth management

FDOBANK stores all user assets in a decentralized blockchain

and all operations are automatically executed by smart contracts on the blockchain

without the need for manual approval,

ensuring the security of all user assets.

Deposit threshold: FDOBANK aims to create

a decentralized Swiss bank accessible to everyone

In the banking wealth management model

users can choose to pledge between 100 USDT and 10,000 USDT.

In the wealth management model

all the earnings generated by users are in FUD

FUD serves as the stablecoin for the economic model

and can be exchanged for USDT at any time on the chain

with a 5% handling fee.

It can also be used as a mining certificate to participate in FDOBANK mining.

This concludes the explanation of the FDO banking wealth management model

Next, let's explore the three-in-one mining model of FDOBANK.

Lossless Mining: Users can mint FDO COIN, the main token of FDOBANK

by pledging FUD

Users can enable the automatic daily return of FUD to Lossless Mining in the DAPP.

FUD can be redeemed at any time.

Through FUD users can mint FDO coins daily based on the FDO price.

The FDO coins minted are entered into the cold pool and released by 1% daily.

For example, if 10,000 FUD is minted today, and the FDO price is 1 USDT per coin,

10,000 FDO coins will be minted and entered into the cold pool.

1% will be released daily, which amounts to 100 FDO coins.

These 100 FDO coins will be allocated into three parts.

10% will flow into the LP liquidity mining pool as liquidity rewards,

45% will enter the pancake swap pool along with users' FUD

(which is converted 100% to USDT),

causing the FDO price to spiral upward automatically

due to the increase of 45% FDO

and 100% USDT entering the base pool.

The remaining 45% of FDO will be released to users as mining rewards.

With more users participating in Lossless Mining,

the FDO price will experience exponential growth.

Users can redeem their FUD at any time while participating in mining.

However, it's important to note that

a 10% handling fee will be deducted for redemptions.

This concludes the explanation of Lossless Mining.

Destructive Mining: Users can use both FUD and FDO tokens in the DAPP

to participate in Destructive Mining and earn rewards.

The rules for Destructive Mining are as follows:

Users create burn orders using 70% FUD and 30% FDO

authorize the contract within the DAPP,

and the contract automatically transfers the FUD and FDO

to the burn address for destruction.

Users will receive double the amount of FDO burned as rewards,

and 2% of the total burn amount will be released daily.

For example, if a user burns 7,000 FUD and FDO worth 3,000 USDT,

the total burn amount is 10,000 USDT.

The user will receive a total reward of 20,000 USDT,

with 200 USDT released daily based on the burn total.

The FDO price will be used to determine the daily minting amount.

The ratio of FUD to FDO for burning will be adjusted by FDOBANK

based on the global circulation of FDO,

ensuring the healthy development of the FDOBANK ecosystem.

It's important to note that Destructive Mining will not generate earnings

when encountering the same level,

and all Destructive Mining earnings will be deducted

from the individual's total obtainable earnings.

If it exceeds the total obtainable earnings, no further earnings will be generated.

Therefore, it is crucial to remember to add a burn order

when the total burn volume is about to be completed.

LP Liquidity Mining: Users can earn rewards

by adding orders consisting of USDT and FDO to the base pool

on the Pancake decentralized exchange.

The order must be composed of 50% USDT and 50% FDO.

After adding the order to the base pool,

users must return to the DAPP and select the staking duration,

which can be 15, 30, or 60 days,

depending on user preference.

Different staking durations yield different mining power values.

The specific formula is as follows:

Injected USDT × (1.02) raised to the power of N

where N represents the LP liquidity period.

For example, if a user combines 1,000 USDT

with an order worth 1,000 USDT and selects a 60-day staking period,

they will receive a mining power of 1,000 × (1.02) to the power of 60

= 1,000 × 3.2810 = 3,281 h/s.

After obtaining the individual mining power,

dividing it by the total network mining power gives the individual LP mining reward ratio,

which, when multiplied by the total network bonus pool,

represents the daily earnings.

The LP liquidity mining bonus pool is sourced from the daily transaction fee revenue

and 10% of the daily minting fee revenue of the entire network,

which are distributed daily.

That concludes the introduction to LP liquidity mining.

In FDOBANK, in addition to its powerful ecological applications,

the economic model of FDOBANK can be described as exceptionally ingenious.

Each sector is interconnected, allowing FDO prices to continue to grow.

The above is an analysis of the FDOBANK economic model.

We hope to share the benefits of this era with you in the coming days.