5.20 Mining of Things (MoT)

It is in Armonia's belief that every value-added activity within the Armonia ecosystem and community shall be rewarded. Mining to be conducted in smart-contract based mining pools is a good mechanism to support the activities.

In general, the following types of mining pools exist:

Mining category

Mining Ratio ($AMAX)

Description

Blockchain development mining

30%

15%: for achieving milestone development: v1.0, v2.0 and v3.0; Afterwards, 15%: DAO driven development

Main-blocks mining

5%

Halving every 30 months

Backup-blocks mining

5%

Ditto

Web3.0 mining

10%

To reward those who provide Web3.0 resources

Ecosystem development mining

25%

Any other beneficiary activities to the ecosystem development

The ecosystem development mining activities include but are not limited to the following:

  • Registration of accounts and invitation to other users to register their accounts;

  • Provide KYC/KYB service and verify the accounts onchain;

  • Provide other kinds of oracle services; and

  • Transfer main assets from other well-known blockchains.

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