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RSIC POOL BY RUNES COLLECTIVE
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DISCLAIMER: This is a community led initiative. The RSIC core team is helping RC facilitate the pooling solution for all who wish to participate, but this does not imply that the RSIC Core team are “officially” endorsing this in any way. If you decide to join the Pooling Consortium, you do so entirely at your own risk. You will never be asked to move your RSICs or share any private keys or other info by us.
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RULES
Read the pooling rules below if you choose to join the Runes Collective Pool (“The Pool”).
⛏️GOAL: The aim of the pool is to smooth the five HALVENING rewards for all participants in The Pool, to increase the chances of all winning more Runes and to distribute the Runes allocation out for a more stable rune post-halvening.
HALVENING ALLOCATION: According to the official RSIC Rules as inscribed on sat #57,066,799, at the Halvening (block 840k), there will be 5 runes allocations made to 5 RSICs. The five allocations will be 5% + 4% + 3% + 2% + 1% of the fully diluted rune supply. Each RSIC gets one ticket for every consecutive block it was held in the address holding it when block 840,000 is mined.
The Pool will spread any reward to all participants on a pro rata basis (ie. according to how many tickets each RSIC has at block 840k). Essentially, this means you are much more likely to receive some runes.
HOW TO JOIN THE POOL:
1. Do NOT move your RSICs!
2. Inscribe the pooling token using this link:
https://luminex.io/ordinals/mint?collection=rsic-pool
The pooling token is a generative art piece from renowned generative artist OTO (@otograf_jp).
3. Make sure the pooling token is in the SAME WALLET as your participating RSICs. Again, do not move your RSICs. Transfer the pooling token if necessary.
4. IMPORTANT LAST STEP: You must “self-transfer” your pooling token from your address holding the Pool Token and RSICs to the same address. This is a critical step because it allows the API to see that you triggered a transaction authorized by and sent to the same address and it kills the possibility of someone sending a pooling token to a wallet that did not want to participate.
5. If you decide you do not want to be a part of the pool after joining, you can transfer the pooling token out of that wallet address before the snapshot at the halving.
POOLING DISTRIBUTION: If any RSIC in the pooling consortium receives a halvening allocation then the following happens:
1. The holder of the winning RSIC gets 10%.
2. The other 90% is distributed to ALL pooled RSICs.
3. Payout to each RSIC is in accordance to the # of tickets that RSIC has accumulated divided by all tickets in the pool.
4. So, if there are 100,000 total tickets and you have one RSIC with 1,000 tickets then that RSIC will get 1,000/100,000 or 1% of the pooled rune winnings. If you have 10 RSICs in the pool with 1,000 tickets each then each RSIC gets 1% and you would get 10% of the overall proceeds (10,000/100,000).
SOURCES OF TRUTH (from most to least authoritative):
1. inscriptions on Sat #1965459000000000
2. The Runes Collective Discord
3. @Blutoshi, @impepe__eth, @1NSCR1BED, @Daemon, @Runescollective on Twitter (AKA x.com).
4. There will be no surprises. If you see something that looks scammy, it probably is. Check the Discord and all our accounts. If it’s legit, you’ll see it posted in more than one place.
"Each player must accept the cards life deals him or her:
but once they are in hand, he or she alone must decide
how to play the cards in order to win the game." -- Voltaire
“Mine Together. Pool Together. Win Together.” - The Runes Collective
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