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FDOBANK, stands for FREEDOM BANK
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is a decentralized aggregation ecosystem platform
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which aimed at building a decentralized Swiss bank
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through its decentralized wallet (F-Wallet),
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decentralized chat (F-Chat)
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and the F-PAY encryption payment protocol.
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It aims to provide users with privacy and protection
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for decentralized assets.
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FDOBANK operates on a three-in-one mining model
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centered around banking wealth management
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to achieve a perfect economic closed loop
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and provide investors with diverse and lucrative investment opportunities.
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FDO COIN is issued through coin minting
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similar to how a central bank issues currency
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that requires an equivalent amount of gold
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to be pledged to the treasury in order to be issued.
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Similarly, FDO COIN requires the pledging or destruction of equivalent tokens
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in order to be produced.
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All users can enter the FDOBANK ecosystem
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and establish relationships through the DAPP
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participating in the economic model.
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First, the banking wealth management model
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allows users to earn daily returns of FUD by pledging USDT.
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FUD is a stablecoin circulating within the FDOBANK ecosystem
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used for exchanging with USDT and participating in mining
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Unlike traditional centralized banking wealth management
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FDOBANK stores all user assets in a decentralized blockchain
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and all operations are automatically executed by smart contracts on the blockchain
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without the need for manual approval,
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ensuring the security of all user assets.
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Deposit threshold: FDOBANK aims to create
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a decentralized Swiss bank accessible to everyone
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In the banking wealth management model
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users can choose to pledge between 100 USDT and 10,000 USDT.
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In the wealth management model
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all the earnings generated by users are in FUD
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FUD serves as the stablecoin for the economic model
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and can be exchanged for USDT at any time on the chain
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with a 5% handling fee.
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It can also be used as a mining certificate to participate in FDOBANK mining.
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This concludes the explanation of the FDO banking wealth management model
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Next, let's explore the three-in-one mining model of FDOBANK.
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Lossless Mining: Users can mint FDO COIN, the main token of FDOBANK
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by pledging FUD
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Users can enable the automatic daily return of FUD to Lossless Mining in the DAPP.
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FUD can be redeemed at any time.
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Through FUD users can mint FDO coins daily based on the FDO price.
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The FDO coins minted are entered into the cold pool and released by 1% daily.
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For example, if 10,000 FUD is minted today, and the FDO price is 1 USDT per coin,
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10,000 FDO coins will be minted and entered into the cold pool.
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1% will be released daily, which amounts to 100 FDO coins.
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These 100 FDO coins will be allocated into three parts.
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10% will flow into the LP liquidity mining pool as liquidity rewards,
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45% will enter the pancake swap pool along with users' FUD
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(which is converted 100% to USDT),
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causing the FDO price to spiral upward automatically
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due to the increase of 45% FDO
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and 100% USDT entering the base pool.
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The remaining 45% of FDO will be released to users as mining rewards.
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With more users participating in Lossless Mining,
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the FDO price will experience exponential growth.
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Users can redeem their FUD at any time while participating in mining.
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However, it's important to note that
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a 10% handling fee will be deducted for redemptions.
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This concludes the explanation of Lossless Mining.
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Destructive Mining: Users can use both FUD and FDO tokens in the DAPP
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to participate in Destructive Mining and earn rewards.
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The rules for Destructive Mining are as follows:
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Users create burn orders using 70% FUD and 30% FDO
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authorize the contract within the DAPP,
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and the contract automatically transfers the FUD and FDO
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to the burn address for destruction.
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Users will receive double the amount of FDO burned as rewards,
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and 2% of the total burn amount will be released daily.
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For example, if a user burns 7,000 FUD and FDO worth 3,000 USDT,
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the total burn amount is 10,000 USDT.
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The user will receive a total reward of 20,000 USDT,
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with 200 USDT released daily based on the burn total.
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The FDO price will be used to determine the daily minting amount.
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The ratio of FUD to FDO for burning will be adjusted by FDOBANK
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based on the global circulation of FDO,
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ensuring the healthy development of the FDOBANK ecosystem.
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It's important to note that Destructive Mining will not generate earnings
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when encountering the same level,
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and all Destructive Mining earnings will be deducted
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from the individual's total obtainable earnings.
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If it exceeds the total obtainable earnings, no further earnings will be generated.
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Therefore, it is crucial to remember to add a burn order
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when the total burn volume is about to be completed.
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LP Liquidity Mining: Users can earn rewards
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by adding orders consisting of USDT and FDO to the base pool
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on the Pancake decentralized exchange.
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The order must be composed of 50% USDT and 50% FDO.
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After adding the order to the base pool,
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users must return to the DAPP and select the staking duration,
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which can be 15, 30, or 60 days,
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depending on user preference.
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Different staking durations yield different mining power values.
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The specific formula is as follows:
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Injected USDT × (1.02) raised to the power of N
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where N represents the LP liquidity period.
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For example, if a user combines 1,000 USDT
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with an order worth 1,000 USDT and selects a 60-day staking period,
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they will receive a mining power of 1,000 × (1.02) to the power of 60
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= 1,000 × 3.2810 = 3,281 h/s.
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After obtaining the individual mining power,
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dividing it by the total network mining power gives the individual LP mining reward ratio,
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which, when multiplied by the total network bonus pool,
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represents the daily earnings.
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The LP liquidity mining bonus pool is sourced from the daily transaction fee revenue
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and 10% of the daily minting fee revenue of the entire network,
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which are distributed daily.
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That concludes the introduction to LP liquidity mining.
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In FDOBANK, in addition to its powerful ecological applications,
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the economic model of FDOBANK can be described as exceptionally ingenious.
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Each sector is interconnected, allowing FDO prices to continue to grow.
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The above is an analysis of the FDOBANK economic model.
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We hope to share the benefits of this era with you in the coming days.
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