Snekkies Scroll 🐍📜
  • 🐍Snekkies Scroll 🐍📜
    • ⚒️About Snekkies
      • 🔗Project Links
      • 🌎Team
      • ❓Mint/Project FAQs
    • 🎨Snekkies NFTs
      • 🖌️Art
      • 💎Snekkies Rarity/Types
      • 🥰Community
      • ⛏️Mining
        • 💰Why Mining?
        • 🏡In-House Mining
        • 📠The Plan
        • 📊Mining Revenue Distribution
        • ✖️Mining Multipliers
        • 🥩Staking
        • 💰Secondary Royalties
      • 📖Lore
        • 🐉Lore - The 7 Dragons
        • 🙋Lore - Snek Arms?
        • 🧟How to Survive the Zombie Apocalypse
      • 🚘WEN Lambo?
    • 🐍$SNEK
      • 🤝Our Partnership with Snek
      • 🐍The Snek Pit
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  • Compounding Period
  • Post-Compounding Distribution
  1. Snekkies Scroll 🐍📜
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Mining Revenue Distribution

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Last updated 1 year ago

Compounding Period

For the first 90 days of each miner going online and mining crypto, there will be a 90 day Compounding Period. During this 90 day period, 90% of net mining revenue will be reinvested back into purchasing more crypto miners. This benefits the project and holders long term by having more miners that are generating more revenue. This is a compounding period to increase the Snekkies Mining Power! The 90 days does not start at mint, it starts when an individual miner starts mining crypto. The 90 day period will be different for every miner as they will arrive at different times. All miners will start mining ASAP upon arrive and the 90 day clock will begin when the miners start mining.

Post-Compounding Distribution

After the 90 day compounding period has ended, the mining revenue will be distributed as follows:

Distribution
Percentage

Staked Snekkies

50%

Holder Flex (Engagement)

10%

Compounding Miners

20%

The Snek Pit (Managed by $SNEK)

10%

Project Development

10%

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Snekkies Mining Revenue Distribution