As I mentioned in the token economics article, there will be 94% of the total token supply reserved for liquidity mining, and each day 150 tokens will be minted for liquidity mining. Liquidity mining means a user successfully swap tokens in bounce pools.
The calculation of liquidity mining is as followed:
From Day 1 UTC 00:00 to Day 2 UTC 00:00, there are 100 transactions (greater than1 ETH) in total being successfully swapped across all bounce pools.
Mr. Bounce successfully swapped 10 transactions during this period. Mr. Bounce then owns 10% of Day 1’s BOT daily token reward.
At Day 2 UTC 00:00, 10% of day one’s BOT token reward will be delivered to Mr. Bounce. Mr. Bounce needs to go to bounce.finance website and claim the reward. Mr. Bounce needs to pay for the ETH transaction gas fee for claiming BOT tokens.
Mr. Bounce has time from Day 2 UTC 00:00 to Day 3 UTC 00:00 (basically 24 hours) to claim his reward generated from Day 1 UTC 00:00 to Day 2 UTC 00:00.
If at day three UTC 00:00, Mr.Bounce does not claim his token reward generated from Day 1 UTC 00:00 to Day 2UTC 00:00, his token reward will be burned forever.
It is not only about farming and enjoying your free tokens! You need to claim the reward!