What is EXA?Fork of
Tera. A PoW blockchain that is fully written from scratch with Javascript only. EXA is forked by the old community members who were investors & miners since the start of the project.
EXA is the upgraded version of Tera adapted to current crypto space conditions where it gives the project a fresh start with better initial supply distribution, much better emission for it's future in long-term, adaptable DeFi legos such as farming, new mechanisms like Guild Incentives & Guild Program enabled by it's smart contract platform and most importantly EXA aims to utilize the widely adopted Javascript by bringing Javascript developers to EXA to build on top of it.
Introducing new dynamics such as "lock EXA to mint token" feature introduces fresh ponzinomics for platform developers to build much more interesting DeFi platforms than it's competitors such as Ethereum, BSC, Polkadot and others.
Supply Distribution(Planned initial supply 1.500.000-1.550.000 EXA):- At a 1000:1 rate airdrop to existing TERA holders by snapshotting their balances and addresses at a certain block number
- At genesis 600.000 EXA will be minted for community fund(100.000 for initial farming, 300.000 for guild incentive program and remaining will be allocated to further community incentive programs)
- Another 250.000 for the core development team to have skin & stake in the game to fund it's operational costs
Mining:Mining rewards will stay at 1/10th of Guild program for the first three months. With 1 second block time, and aiming for the lowest inflation and emission to not to repeat the mistakes of many blockchain, DeFi projects and keeping the incentive rates meaningful for initial farming, but more importantly guild program for developers. Mining emission schedule planned to be;
first month: 0.00206679894 per block / 178.57 daily / 1250 weekly / 5000 monthly
second month: 0.00413359788 per block / 357.14 daily / 2500 weekly / 10000 monthly
third month: 0.00620039682 per block / 535.71 daily / 3750 weekly / 15000 monthly
After third month it will start gaining pace but;
EXA aim to keeping the base layer supply scarce so guilds/developers resort to minting tokens for their platforms
+5000 EXA increase per month for the 4th, 5th and upcoming months, close to 2 million EXA at the end of one year is aimed. And at the end of the 12th month monthly reward being 50000 EXA, we will continue keeping the rate fixed to 50000 and continue at that rate for the upcoming years.
Incentive Programs & Phases:First Phase:- Bootstrapping the chain, kickstarting the PoW mining by community preparing to point their machines, secure the network with their full nodes
- Deploying airdrop contract for TERA holders to claim their balances at 1000:1 rate
- Deploying farming contract, allocating 100.000 EXA from community fund for initial farming, for people who have EXA to lock their EXA for a week to farm more EXA
- Initiating Community Ambassador Program (5 selected ambassador will be allocated 1000 EXA each)
- Deploy Guild Token Minting Contracts
Second Phase(Guild Mechanism & Incentive Program):- At the end of a week long farming, Guild Developer program will kick start to incentivize development on EXA.
Guild System:Guild of North (G1)
Guild of East (G2)
Guild of South (G3)
Guild of West (G4)
Distribution(bi-weekly):First month: 50.000 EXA (12.500 per week)
Second month: 100.000 EXA (25.000 per week)
Third month: 150.000 EXA (37.500 per week)
Code Snippets:EXA > default code
C,D,M,IFT: Initials for roles
ADDY: address
PCTAMOUNT: Percentage amount
1. Choose a guild, go to guild contract page, mint a guild token to your address:- Only one guild token can be minted to one address.
- An address can be belong to one guild only.
- Guild tokens does not hold any value, their only purpose is during distribution, the distribution contract looks at guild token owning addresses, checks deployed platforms by the guilds/guild members and inside of those platform contracts, check the contract for addresses assigned to roles and checks the percentage amounts
2. Exchange ideas, form your team, create your communication channels(whether it be Weibo, WeChat, Discord, Telegram) code your platform, plan the token, plan the tokenomics, launch the platform by creating a seperate contract that assigns the percentage to roles & assign guild roles to addresses;- Each platform should mint their own token only by making users lock their EXA for a week long only. This amount can be fixed or dynamic, which can introduce further risks for users.
3. Create (guildname) contract and add guild roles codes to your platform contract (for example if there was a 3 coder & 2 marketer & 1 Idea/feedback/tester person for the project):for three coder:
EXA:C:ADDY:20
EXA:C:ADDY1:20
EXA:C:ADDY2:20
for two marketer:
EXA:M:ADDY:15
EXA:M:ADDY1:15
for the Idea/feedback/tester:
EXA:IFT:ADDY:10
Example of how distribution will work at the end of the week for guild program participants:
Assuming weekly Distribution amount is 25.000 EXA
There are 4 guilds and at the end of the week distribution contract runs, checks locked EXA, user address count, token transaction count every platform built by all guilds and measurement results are;
Guild of North (G1): %30
Guild of East (G2): %5
Guild of South (G3): %50
Guild of West (G4): %15
that means if the weekly distribution amount is 25.000 based on percentage owned by each guild;
Guild of North (G1): 7500 EXA distribution reward
Guild of East (G2): 1250
Guild of South (G3): 12500
Guild of West (G4): 3750
For the sake of the example, we are going to be only looking at Guild of South(G3) because they got the highest share and we will assume that there are 6 platforms deployed by guild of south token holding addresses, we check the locked EXA, unique address and token in&out amounts and we see;
Platform 1: %90 > 11250
Platform 2: %2 > 250
Platform 3: %2 > 250
Platform 4: %2 > 250
Platform 5: %2 > 250
Platform 6: %2 > 250
and lastly since Platform 1 outperformed all other platforms inside of that guild, we check the guild contract to find roles and assigned percentages to make the distribution to those addresses and let's assume there is only three coders and nobody else:
EXA:C:ADDY:33
EXA:C:ADDY1:33
EXA:C:ADDY2:33
to amount to %100, each coder assigned %33 to themselves and since their platform outperformed any other platform inside of their guild and also their guild outperformed other guilds, now the 11250 EXA that is going to distributed %33 equally between three members of the project:
that means 3712.5 EXA for each coder
Other platforms inside of the Guild of South also gets their fair share based on their percentages, and other guilds and platforms inside of their guild based on the percentage that are entitled to.
- Key thing is locked EXA to platforms can be locked only for a week, and if the user wishes to exchange it back to EXA after a week of locking, they can burn their tokens and get their EXA back. Weekly distribution and weekly locking gives platforms a chance to see the true interaction and if their platform is still favourable after a week
On the user side, being able to burn tokens and getting their EXA back, gives users a chance to freely move their EXA and not be subject to longer locking periods.
Links:Discord: https://discord.gg/5pzWQUxgJzTelegram: https://t.me/joinchat/IPU3Yw5Y41Pb9NMe