Aussie Digital is a platform that aims to provide innovative solutions for e-commerce, trading, and social media. One of the features of Aussie Digital is the staking program, which allows users to stake their AUD tokens and earn daily rewards based on their participation and loyalty.
To stake AUD tokens, users need to have an account on the Aussie Digital website and deposit their tokens to the staking wallet. Users can choose to stake their tokens for a minimum of 120 days and a maximum of 180 days. The longer the staking period, the higher the daily interest rate. Users can also increase their daily interest rate by participating in various activities on the platform, such as sharing, and inviting friends.
The Old staking rewards are calculated based on the following formula:
per_day_interest_in_percentage = tokens_in_dollar∗(days_diff∗0.33/100)
Where:
per_day_interest_in_percentage is the amount of tokens that the user will receive as a reward for each day of staking in %.
tokens_in_dollar is the amount of tokens that the user has staked, converted to US dollars based on the current market price.
Suppose a user has staked 20 tokens for 120 days, and has a daily interest rate of 0.33% based on their participation level. The current market price of tokens is $0.01. The daily staking reward for this user is:
per_day_interest_in_percentage=20∗(120∗0.33/100)
per_day_interest_in_percentage=0.0792
This means that the user will receive 0.0792 tokens as a reward for each day of staking. The total reward for 120 days of staking is:
total_reward = per_day_interest_in_percentage∗days_diff
total_reward=0.0792∗120
total_reward=9.504
This means that the user will receive 9.504 tokens as a total reward for 120 days of staking. The user can withdraw their reward at any time after the staking period ends. The user can also reinvest their reward to earn more rewards in the future.
Starting December 5, 2023 the Stake Rewards in daily stake rewards program will change on a daily basis. It will be defined for a week by Aussie Admin and can be changed anytime based on users participation.
The daily staking rewards are calculated based on the following formula:
per_day_interest_in_percentage=tokens_in_dollar ∗ (days_diff ∗ per_day_percentage/100)
Where:
per_day_interest_in_percentage is the amount of tokens that the user will receive as a reward for each day of staking.
tokens_in_dollar is the amount of tokens that the user has staked, converted to US dollars based on the current market price.
days_diff is the number of days that the user has staked their tokens, starting from the date of deposit.
per_day_percentage is the daily interest rate that the user is eligible for, based on their staking period and participation level. The daily interest rate is dynamic and depends on the number of new users who joined the platform in the prior 24-hour period. If the previous 24 hours had a lot of new users, the following day will have a higher interest rate. If new user participation was lower in the previous 24 hours, then the interest rate will be lower.
Suppose a user has staked 20 tokens for 120 days, and has a daily interest rate (daily interest rate changes daily with weekly rates) of 0.33% based on their participation level. The current market price of the token is $0.01.
The daily staking reward for this user is calculated as follows: The weekly rates, defined by the admin, are as follows: 1st day daily interest - 0.33, 2nd day - 0.44, 3rd day - 0.55, 4th day - 0.55, 5th day - 0.66, 6th day - 0.77, and 7th day - 0.88. Therefore, the calculation for the 1st day daily interest would be:
per_day_interest_in_percentage=20∗(1∗0.33/100)
per_day_interest_in_percentage=0.066
This means that the user will receive 0.066 tokens as a reward for the 1st day of staking. Subsequently, the 2nd-day daily interest will be calculated based on the 'daily interest' percentage.
Note - There will be no change in stake interest for the old stakes which are already completed. These were all earned rewards based on the old stake rewards program.