Earning Ticket

To make the staking mechanism more interesting and fair, a leveling system is implemented. Ticket Generator level will be determined by the user’s staking time and users will earn more tickets by staking $PETH longer. In this way even a person, who has staked less $PETH, and long-time $PETH supporters will be able to have more benefits by staking their $PETH longer when compared to a person, who staked more $PETH in level 1 Ticket Generator. In short, level multiplier will enable our long-time supporters to have more benefits.

The process is simple. Users stake their $PETH tokens in Ticket Generator and start to earn tickets. The tickets will be earned daily and users can unstake their $PETH tokens whenever they want. However if a user unstakes their $PETH tokens the Ticket Generator level will be reset. If a user had already staked $PETH tokens and gained some levels but wanted to increase their staked amount, a new Ticket Generator will be created with level 1 and the old staked $PETH will remain the same. So every new staking action creates a new level 1 Ticket Generator. Ticket rewards will be distributed at the end of the day. If a user unstakes before the end of the day the he/she won’t receive the tickets earned that day. The earned tickets will still remain in case of unstaking $PETH even if a user earned tickets but didn’t claim tickets.

The daily earned tickets is simply calculated by (Staked $PETH amount * Ticket Generator Level) /1000

The days needed to level up in Ticket Generator will be calculated by Fibonacci Sequence

Level 1 = 1. Day

Level 2 = 2. day

Level 3 = 4. day

Level 4 = 7. day

Level 5 = 12. day

Level 6 = 20. day

Level 7 = 33 .day

Level 8 = 54. day

Level 9 = 88. day

Level 10 = 143. day

And so on…

For Example:

If a user stakes 1000 $PETH in a Ticket Generator, he/she will receive:

At the end of the 1st day: 1 DAO ticket

At the end of the 2nd day: 2 DAO tickets

At the end of the 3rd day: 2 DAO tickets

At the end of the 4th day: 3 DAO tickets

And so on…