Comment on page
The fees generated at SyneSwap exchange will be distributed proportionally among the following three sectors:
Buyback of KST and deposited in treasury
Multiple, consistent distributions are made according to a fixed distribution frequency and a fixed amount, which may be adjusted based on the availability of fees. Once the distribution is started, it will never stop. When the fees are exhausted, the distribution will be suspended and will continue to start once the fees generated are sufficient for the next distribution. The Purpose of buyback of Syne: The buyback portion will remain locked position and the decision on what to do with it in the future will be made by community self-governance proposal.
Assuming that the distribution frequency is once every 5 minutes, the single distribution amount is 1000 USDT, and the distribution ratio is: 70% for buyback Syne, 20% for operating fund, and 10% for NFT bonus, then in each distribution, 700 USDT will be used for buyback Syne, 200 USDT will go to the operating fund, and 100 USDT will go to the NFT bonus suspense account.
Taking one week as an example, the total amount actually distributed according to the parameters above is 7 * 24 * 60 / 5 * 1000 = 2016000 USDT. the amount used for buyback of Syne is 1411200 USDT and the amount used for NFT bonus is 201600 USDT.
Distribution Ratio Range
The distribution ratio will be fine-tuned based on current operations, but may not exceed the following ranges: Buyback of Syne and deposited in treasury: 70% lower limit 80% upper limit Operating fund: 10% lower limit 20% upper limit NFT cards bonus: 5% lower limit 10% upper limit