πSwapping Crystals for ETH
Last updated
Last updated
You can sell your crystals and receive ETH in your wallet.
The crystal sale process takes place through the game interface, and it involves the token's liquidity pool on the BaseSwap platform. At the moment of sale, the smart contract mints the necessary amount of STM tokens, sends them to the liquidity pool, and as a result of their sale, ETH is credited to the user's wallet.
The exchange rate of crystals to ETH depends on the market value of the STM token.
By swapping crystals, you can receive a total amount of ETH that is 1.5 times greater than the total amount of ETH you spent on Energy. The energy obtained through the Referral Program is also considered in this calculation.
The smart contract sums up all your crystal-to-ETH exchanges. The maximum amount of ETH you can obtain through crystal exchanges increases with each new energy purchase transaction.
Also, at the moment of selling crystals, a token buyback mechanism is activated, which helps to mitigate the inflationary impact of sales. The buyback can range from 0% to 200% of the sales amount. That is, when a 100% threshold is activated, the system automatically buys back an amount of tokens equal to the number of tokens sold by the user.
Moreover, tokens that accumulate on the contract as a result of their buyback are locked on it and can only be used for burning, reducing the total supply of the token in the market.
W1 - the amount of energy purchased,
W2 - the amount of energy earned in the Referral Program,
r - the rate (1 ETH = 2,000,000 energy),
H - the total amount of ETH paid out at the current time,
h - the current STM/ETH exchange rate on BaseSwap.