Updated on Thu, 27 Jun, 2024 at 9:53 AM
In Bit2Me Earn there are 4 different options to get rewards by holding B2M token. 4 different Pools with different conditions in which you can add your B2M tokens and get different APYs adapted to the amount of B2M tokens you add to one of the Pools, your Space Center level and the lockup period you choose. As a user, you can add funds to one of the different Pools or have all 4 Pools active, adding funds to each one of them:
Adding funds to a Lockup Pool you will obtain higher APY (Annual Percentage Yield). The more lockup period, the higher APY you will receive.
B2M token has a supply of 5 billion tokens of which certain quantity is used for different purposes as described in the whitepaper.
Part of these funds are earmarked for 3 different Farming Pools for the B2M token:
The higher Space Center level, the higher APY, so the higher proportion of the total 100 million B2M you will get.
The APY system in Farming Pool format means that the more B2M tokens in a Pool, the lower the APY to be distributed among the funds in it. In other words, taking into account that the amount to be distributed is always the same, if the number of users in the same pool increases, the APY will decrease. This makes the APY flexible and variable, being able to lock with an APY at 20.36% and months later this APY could be 30% or 15%.
Taking into account all the above information, we could break down the APY generated as in the following simulated example:
A user with Level 4 in Space Center adds funds in the 6-month Lockup Pool and is shown that he will get an APY of 9.50%. This APY, internally would be the sum of:
In this way we ensure that a user with higher level always receives more B2M rewards than a user with lower level and the funds in Lockup Pools of longer time periods receive more than those of shorter time periods.
As an extra layer of security, Bit2Me's Farming Pool funds are always stored in secured cold wallets thanks to the agreement with Ledger Enterprise. This technology associated with Bit2Me employs a combination of hardware, firmware and software that brings a new security layer to Bit2Me eliminating any possibility of man-in-the-middle attacks.
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