LUT Mining

Wager Mining: Users earn LUT through betting on sports or playing games on BitGame.

Mining Stage: 700 million LUT will be used for mining across 100 stages. The network automatically changes to the following stage each time 7 million LUT are mined.

Mining Efficiency:

Mining efficiency changes based on three factors:

1. Mining Stage n (As the mining stage grows, the mining coefficient gradually decreases)

2. K = Current network hashrate

3. Z = Network difficulty coefficient

Mining Efficiency = z*k/100-n+1

Mining Efficiency

Each stage processes 7 million tokens. Ex: In Stage 1, users will earn 1 LUT for every 0.385 USDT equivalent bet on sports, 11 LUT for every 0.615 USDT bet on self-developed games, and 1 LUT for every 0.676 USDT bet on other games.

Stage

Amount

Sport Efficiency

Self-developed Game Efficiency

External Game Efficiency

1

7000000

0.3850

0.615

0.676

2

7000000

0.3908

0.6242

0.6861

3

7000000

0.3966

0.6336

0.6964

4

7000000

0.4026

0.6431

0.7069

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LUT count from User's Mining Yield = Mining Efficiency*Bet amount

As the platform grows, the network hashrate K and difficulty coefficient Z will also gradually grow larger. The sooner a user takes part in mining, the sooner they can enjoy the benefits.

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