Roadmap

The following phases will be implemented:

Phase 1 – Foundation

  • Token creation and initial token distribution.
  • Development of mining infrastructure.
  • Design and deployment of scoring system and reward mechanisms.

Phase 2 – Expansion

  • Launch airdrop campaigns.
  • Build partnerships with blockchain platforms and projects.
  • Launch marketing campaigns to raise awareness and attract new contributors.

Phase 3 – Sustainability

  • Implement dynamic difficulty adjustments to stabilize the mining ecosystem.
  • Expand token utility through strategic collaborations and integration into other relevant platforms.
  • Foster a global community of miners and stakeholders.

Phase 4 – Maturity

  • Introduce advanced governance features for community-driven decisions.
  • Scale the network for greater adoption and interoperability with other blockchain projects.

Phase 5 – Staking

Currently, users can only stake their mining rewards (FLXT tokens) to earn extra benefits.

Staking Options

Flexers can stake their FLXT tokens with multiple lock-up periods and earn rewards as follows:

  • 2% over 3 months
  • Rewards distributed incrementally during the 3-month period.
  • 3% over 6 months
  • Encourages continued engagement with the ecosystem during the first 6 months.
  • 5% over 1 year
  • Gradual allocation to support long-term stability and participation over the first year.
  • 12% over 2 years
  • Demonstrates commitment to the project’s growth and sustainability over 2 years.

Key Details:

  • The longer the lock-up period, the higher the Annual Percentage Rate (APR).
  • Staking multipliers or APRs are yet to be finalized by the team but will increase proportionally with the lock-up period.
  • Upon initiating staking, the server will record the following:
    • Staking amount
    • Lock-up period
    • Staking timestamp
    • Wallet address
Staking Rewards
  • The server checks all staked tokens every hour to determine eligibility for rewards.
  • Reward Calculation:
    • Rewards are calculated every 24 hours based on the staked amount and APR.
    • Daily rewards are immediately added to the staked balance and considered in subsequent reward calculations.
    • The server updates the last reward timestamp after each calculation.
Important Warning
  • Unstaking early will result in forfeiting your stake rewards and incur a 50% penalty on the staked amount.

Phase 6 – Token Burns

Automated Burning Mechanisms:

  • Mining Burns:
    • The server tracks all submitted proofs and burns 1% of FLXT for every 10,000 proofs submitted.
  • FlxTime™ License Purchase Burns:
    • 50% of each purchase amount is burned as its equivalent value in Crankk (CRKK) tokens.

Burn Tracking and Statistics:
Cross-chain verification and burn tracking mechanisms will be implemented to ensure transparency.
The server will record the following statistics:

  • Total FLXT burned.
  • Total CRKK burned.
  • Log of burn events.

Conclusion

FlxTime™ represents innovation in decentralized mining, combining performance, sustainability, and community-driven growth. We are committed to a fair reward system by aligning rewards with miner performance.

Together, we will build a transparent network that benefits all participants while driving innovation and cultivating trust.

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