VPoS Mining Pool Tutorial 1 — Beginner Guide
What is MATH VPOS Pool?
VPOS (Virtual POS) is a new kind of mining pool which support BTC / ETH / EOS / USDT-ERC20 and more tokens in the future. VPoS has characteristics of multi-currency and dual-engine.
Multi-currency: VPOS supports mining in all currencies, initially we open to BTC, ETH, EOS, USDT-ERC20, other tokens will be gradually added in the mining pool in the future.
Twin engines: take the example of depositing BTC into the mining pool. In addition to earning BTC interest, you can also earn MATH token.
What is MATH?
MATH products include: MathWallet, VPoS pool, MATHDEX, MDS, MATH dApp Store, etc.MathWallet is one of the leading blockchain wallets with nearly one million active users and the most support for public links
Currently the public chains suported include BTC, ETH, EOS, TRON, Cosmos, Binance Chain, ONT, Polkadot Substrate, NEO, IRISnet, ChianX, EOSC, ENU, BOS, Telos, NAS, ESN, Kusama, Edgeware, Harmony, Ethereum Classic, TomoChain, Fibos, Worbli, Hashgard, 40 public chains and DAPP ecosystem.
MathWallet investors include Fenbushi Capital, Danhua Capital, FundamentalLabs and other famous blockchain investment institutions.
What is MATH mining power?
The more you stake BTC / ETH / EOS / USDT-ERC20 to the pool, the higher your MATH mining power will be. And you will get more MATH tokens.
MATH Rewards = Staked Token * Mining Power of Staked Token / Total Mining Power * MATH Reward Pool
Total MATH token and mining model
Total MATH token worth 28.57 million USD, which include:
60% will be released by mining, halving every two years.
30% will be issued to investment institutions, no lock-up requirements.
10% will be distributed to the community through Lockdrop, digital asset insurance, etc.
The detailed introduction to MATH can be viewed at:
How to get the VPOS rewards
They will be sent to the Math Cloud Wallet everyday.
Cloud Wallet Tutorial: http://blog.mathwallet.org/?p=974
Gained and mined MATH token will not be locked up.
Does the mining pool break even?
It will preserve the prncipal but not interest, similar to Yu’e Bao at Alipay.
How to check the latest mining power?
Mortgage MATH’s mining arithmetic
Before the launch of the MATH main network, the mining power will be fixed at 1000, and will be adjusted according to the market price multiplied by a certain coefficient.
The mining power of MATH staking
Initially MATH mining power will be set to 1000 before the launch of Mainnet. And it will be adjusted by the MATH market price multiple coefficient after the launch.
How does a non-POS token earn revenue
It achieves stable returns through quantitative trading by working with well-known Trading institutions, such as Amber, AlphaOne, and other Trading partners of MATH.
How to join the MATH VPOS Pool?
Install MathWallet https://mathwallet.org/
Find the ‘MATH VPOS Pool’ in the DApps list.
Cloud wallet instruction:
HD Wallet instruction:
How to recharge to VPOS mining pool?
You can use the HD wallet to recharge directly, or you can first recharge to the cloud wallet and then transfer to the VPOS mining pool
VPOS mining pool official opening time: 2019/9/26 12:00
What is VNode?
If you stake more than 100 MATH, you will be a VNode. VNode has 1.05~2 addition mining rate, and can get 1%~20% mining power from the invited users.
How to invite others to join VPoS and calculate the specific reward?
Enter the VPOS pool, click on [mstaking], you can get the invitation code and the invitation link
Mortgage 100 MATH to become a VNode, according to the level of the super node, the super node can get 1~20% of the mining power of the invited user (except only inviting user to mortgage MATH).
Invited by the steps: http://blog.mathwallet.net/?P = 2292
The relationship of VNode level and proportion, please see: http://blog.mathwallet.net/?P = 2062
Can the invitee get any reward?
Users invited to join the pool will receive a 2% mining power rewards.
Is there a handling fee for redemption?
Redemption is free of charge.
See the cloud wallet withdrawal fee: http://blog.mathwallet.net/?P = 2283
Do you support early redemption?
Redemption is not currently supported. As the product gradually matures, we will optimize the redemption time window and the function of paying penalty fee to redeem in advance.
At present, the waiting period for redemption of Math VPOS mining pool is 21 days.
The value of MATH
The value of MATH is as a handling fee for the one-stop-shop solution of Math digital finance, and VPOS mining is just one way for MATH to deliver.
Where to trade MATH
BitMart: https://www.bitmart.io/trade/en?Symbol = MATH_USDT
Partners of MATH VPOS
MATH VPOS pool’s partners include prominent institutions: Fenbushi Capital, Amber AI, FundamentalLabs.