4% of every transaction is taken and re-distributed to all MOONSHIP holders in $HT.
You will have to wait for a specific duration called cycle (about 1 week) to collect your HT reward.
In this waiting duration, if you continue to add more than 2% (threshHoldTopUpRate) of your $ balance, the waiting duration will proportionally add up with the cycle.
(If you sell $MSP, it does not affect your cycle)
For example, on the first day of your cycle, you add up more 5% $MSP, you have to wait: 5%*7days = 8,4 hours more. That means you can collect HT after 7 days and 8,4 hours.
But if the threshHoldTopUpRate >= 100%, the waiting duration will add up max to 7 days.
For example, on the first day of your cycle, you add up more 100% $MSP, you have to wait: 7 days more. That means you can collect HT after 14 days.
This will prevent cheaters who try to add more $MSP at the end of each cycle.
Collect HT Tax
After rolling out the first testnet, we recognize that top $MSP holders have more advantages when collecting HT than others. Following the philosophy of building a pure community-driven project. We introduce a new tax feature.
If you collect more than 1 HT, 20% of it will be used to buy back $MSP at the market price and burn them immediately. This feature helps deflate the supply and increase the price of $MSP for long-term $MSP holders.
The contract link:
contracts/moonship.sol at main · moonshipfinance/contracts
How many HT can I collect?
You can collect the amount of the HT based on the ratio of $MSP you hold/the total HT pool.
For example, you hold 1% of $MSP, you can withdraw 1% of the HT reward pool.
What is the HT pool?
4% of every transaction is taken and re-distributed to all MOONSHIP holders in $HT. This amount of HT called the HT pool.
What if I don’t collect HT reward in my cycle?
If you don’t collect at your cycle and other holders claim, the HT pool will reduce.
So then the ratio of your $MSP/HT pool reduces as well. That’s why you should collect as soon as your cycle is ready
Why my collectable HT always changes?
You can collect the amount of the HT based on the ratio of $MSP you hold/the total HT pool. So when the total BNB in reward pool changes, you collectable HT as well.