FlxTime™ FAQ

How do I start mining?
Check the announcement and the Docs in links.

Will I be able to start mining if I buy a license?
No, there are more requirements needed.

Can I buy a license without having the flexer role?
Yes, but without the role, you can’t participate in the project, you can’t mine!

How do I get the flexer role?
The new requirements.

Do I have to stay active in the community and engage in the chats or social media?
Yes, or else.

Does the license guarantee I can mine forever?
No.

Shall I open a ticket for anything that comes to my mind?
No, ask in the chats first, we have a lot of knowledgeable people here, willing to help.

Any difference between using the ESP board firmware, the docker container version or the FlxTime app?
No, in terms of the token mining amount.

Can I buy multiple licenses?
Yes, max 5!

What’s the $FLXT Contract Address?

CwMuoD9nK6LEN6BwzLVZEmbuJXm8rXfzRGaM1YGim14h

How can I withdraw my mining $FLXT from the Console?
To be able to withdraw:

  • you have to make your first claim, accumulate (by mining) some $FLXT in your Console, stake it and claim it (the mechanics being: mine=>stake=>withdraw, more details down below),
  • you have to claim at least every 30 days, or the rewards will stop accumulating,
  • there are 15 staking slots available in the Console, use them wisely!
  • the more $FLXT you stake in your Console, and the bigger the period (max 2 years), the more you can withdraw to your wallet,
  • the annual yield/earnings (in the Console) details can be found here:
    • staking for 3 months = 6%
    • staking for 6 months = 9%
    • staking for 1 year = 15%
    • staking for 2 years = 36%
  • the withdrawal percentage limit according to the staking period can be found here:
    • 3 months staking => 15%
    • 6 months staking => 30%
    • 1 year staking => 45%
    • 2 years staking => 60%
  • after the staking period is concluded, the rewards return to your Console, which can be re-staked again
  • fair warning, unstaking a position before time results in a 50% penalty!
    This is a way to stop the fast dumping of the token decreasing its value and devaluing the project, we are here for the long run!

Where are all FlxTime™ miners located ? Can I see a world map of the FlxTime™ miners ?
Yes, you can. There are multiple ways to access the world map of all online miners :

  • You can go to https://explorer.flxtime.fun/
  • You can also access it in the FlxTime console, by clicking on “Miner WorldMap“
    (FYI : we depend on the IP addresses of the miners for their locations. If your device hasn’t been online in the last week or so, it won’t show up on the map)

How are daily staking rewards calculated?
The daily withdrawable staking rewards are calculated for every stake separately based on the following formula :
daily withdrawable staking reward = (((staked amount * (staking pct/100)) / 365) * withdrawal pct/100)
All your rewards for all your stakes combined determine your total daily withdrawable amount.

PS :
The number in green called “Base” that you see for each stake in the “Claim Rewards” window :
base = daily withdrawable staking reward * number of accumulated days.

What are NFT withdrawal boosters?
In the FlxTime™ Console, you can buy 3 different withdrawal boosters.
These NFT‘s boost your withdrawable amount with their corresponding percentage :
– FatherFlexTime : boosts all your withdrawals with 25%,
– BossFlexTime : boosts all withdrawals with 50%,
– GeneralFlexTime : boosts all your withdrawals with 100%,

You can combine multiple of these NFTs to increase your boost — up to a TOTAL MAX BOOST of 100% !
Example : NFT25 + NFT50 = 75% boost on your withdrawals.

Once bought, these NFT withdrawal boosters are sent to your FlxTime™ wallet and are valid permanently.
They only work with the wallet that bought it, and are not transferrable.

Can you briefly explain how the FlxTime™ Console works ?
Mining => Staking => Claiming (of your staking rewards)

  1. Your miner mines $FLXT tokens
  2. You stake your mined tokens
  3. You claim your staking rewards

When starting your very first stake, you need to make a first claim within 24h in order for your rewards to start accumulating correctly. You only need to do this one time, and never again afterwards.

You can claim every day if you want, but don’t wait more than 30 days in a row, and you do with your claimed tokens, as you please.
We believe that any tokens you claim are yours to use however you like.

What are FlxTime™ reward phases ?
Every FlxTime™ miner sends proofs to the FlxTime™ server. Depending on the total number of proofs that have been sent by all miners combined, the project goes through different reward phases. Each phase has a different $FLXT token reward per proof. These reward phases follow a structure similar to what’s known in crypto as ‘halving’. Halving helps control inflation by reducing the rate of new coin creation, which increases scarcity and helps boost the cryptocurrency’s value over time.
Reward Phases:
Phase 1: 0-50,000,000 proofs → 3.5 $FLXT per proof,
Phase 2: 50,000,001–150,000,000 proofs → 1.75 $FLXT per proof,
Phase 3: 150,000,001–400,000,000 proofs → 0.875 $FLXT per proof,
Phase 4: 400,000,001–800,000,000 proofs → 0.4375 $FLXT per proof,
Phase 5: 800,000,001–1,500,000,000 proofs → 0.21875 $FLXT per proof,
Phase 6: 1,500,000,001–2,500,000,000 proofs → 0.109375 $FLXT per proof,
Phase 7: 2,500,000,001+ proofs → 0.0546875 $FLXT per proof.

How much $FLXT tokens does my miner mine daily ?
Your miner gets rewarded $FLXT tokens for each accepted proof it sends.
Your miner sends 1 proof/minute. There are 1440 minutes in a day.
So if your miner is online the whole day, it sends 1440 proofs daily.
Multiply 1440 proofs with the $FLXT reward/proof, and you know how much your miner mines on a daily basis.

How many miners can I deploy for mining $FLXT ?
You can deploy up to 5 miners per household. You need a separate license for every miner.
Your first miner uses a regular license – which is the license you bought when you became a flexer – and all your extra miners need a multimining license to mine.
Look here on how to buy a multimining license and deploy extra miners.

Why am I getting this message when claiming ? “Insufficient Available Rewards”
The amount you claim gets withdrawn from your available rewards amount, so this message is triggered when your claimable amount is bigger than your available rewards amount. If you don’t have enough available rewards, and you execute the claim while the message is displayed, then your claim will be limited to your available rewards amount. If you want to make the claim fully or make a bigger claim, you could wait with claiming until you have mined more tokens again.
How to avoid this warning message :

  • don’t stake all of your available rewards and keep enough rewards available so you can fully claim your staking rewards

What are Reward Boosters ?
In the console, there’s a button labeled “Boost Rewards” where you can purchase and choose from a variety of reward boosters. These boosters multiply the FLXT reward/proof that your miner earns for a period of your choosing. You can select multipliers ranging from 1.5x to 5x and durations of 1 day, 7 days or 30 days.

Example : 3x for 7 days => your miner will earn 3x more rewards during 7 days
So if current reward phase is 1.75FLXT/proof, then your miner will earn 1.75 * 3 => 5.25 FLXT/proof for 7 days.

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