EnviDa Protocol
  • 🌍About Envida Blockchain
    • Introduction
    • Overview
    • Why EnviDa?
    • How it works?
    • Understanding the EnviDa Blockchain
    • DeFi Essentials
    • The Joint Potential of Blockchain, IOT and AI
  • πŸš™What is DriveMiner?
    • Environmental Tracking Devices
    • The Cost of Mining
    • The Solution of Mining
    • POW Consensus
    • Technical Specs
    • Device Sales and ROI
  • πŸ’°$EDAT Tokenomics
    • Detailed EDAT Tokenomics
    • ICO and Token Listings
    • Token Unlock and Allocation
    • Game Theory
  • πŸ“ˆStaking and Rewards
    • Reward Distribution
    • DriveMining Rewards
    • Validator Rewards
      • Unstaking Penalty
    • Staking Pool Rewards
      • Discounts
    • Data Collection Rewards
      • Stream Payment - Sensors
        • Competition and Arrival
      • Stream Payment - Lidiar
        • Teamwork
      • Pool Bonus
      • Formulas
  • ROI
  • πŸ¦Έβ€β™‚οΈFor Users
    • EnviDa Wallet
    • Driver Experience
    • Data Marketplace
    • DeFi Essentials
    • External Wallets
  • ⛓️Blockchain Architecture
    • Trustless EVM
    • Bridges
    • Runtime Development
    • Cross-Chain Compatibility
    • EnviDa Dex Engine
    • Technical Architecture
    • Scalability
    • Indexer & Explorer
    • Application Security
    • Storage
    • IPLD
    • Governance
    • Liquidity
    • Concensus
    • Runtime Environment
  • πŸ“”API Recipes
    • Account
    • Asset
    • Bag
    • Bundle
    • Market
  • 🌐EnviDa Network Infrastructure
  • ☸️Nodes and Validators
  • 🧠AI & Simulations
  • 🀝Network Referral System
  • πŸ›£οΈRoadmap
  • πŸ“šResources
    • Website
    • Business Whitepaper
    • Github
    • Technical Whitepaper
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On this page
  • Formula
  • Scenario 1: EDAT Sales Price = EDAT Current Price
  • Scenario 2: EDAT Sales Price > EDAT Current Price
  • Scenario 3: EDAT Sales Price < EDAT Current Price
  • Available DriveMining Hours (in 1 month)
  • Available DriveMining Machines
  • Occupation
  1. Staking and Rewards

DriveMining Rewards

PreviousReward DistributionNextValidator Rewards

Last updated 2 years ago

Description

DriveMining offers the possibility to generate additional income by driving vehicles and validating the creation of blocks from Data Collecting machines.

Token Unlock

Monthly Token Unlock: 87,500 EDAT

Considerations

DriveMining Rewards aim for a €400 monthly income.

In order to fulfill this requirement, each DriveMiner must work: - 20 hours per day - 24 days per month That's a total of 480 hours in 1 month (per Drive Miner). The reward for DriveMining 1 hours is 0.83 EDAT.

On the other hand, DriveMining includes an applied Price Ratio for inflationary control. - EDAT Sales Price: will always be € 1.00 - Current EDAT Price: determined by market

Formula

Scenario 1: EDAT Sales Price = EDAT Current Price

Average Daily DriveMining Hours per Driver: 20 Number of days spent drive-mining: 24 Total DriveMining Hours: 480

EDAT Sales Price: €1 Current EDAT Price: €1

Scenario 2: EDAT Sales Price > EDAT Current Price

Average Daily DriveMining Hours per Driver: 20 Number of days spent drive-mining: 24 Total DriveMining Hours: 480

EDAT Sales Price: €1 Current EDAT Price: €0.75

Scenario 3: EDAT Sales Price < EDAT Current Price

Average Daily DriveMining Hours per Driver: 20 Number of days spent drive-mining: 24 Total DriveMining Hours: 480

EDAT Sales Price: €1 Current EDAT Price: €1.25

Available DriveMining Hours (in 1 month)

The total available hours for DriveMining will depend on the Monthly Token Unlock and the DriveMining Reward per hour.

Available DriveMining Machines

If there are 105,000 available hours and each DriveMining machine works 480 hours per month. Then, the max amount of DriveMining Machine that there can be is 219.

Occupation

DriveMining Machines: 100 Average DriveMining hours per machine in 1 month: 480 hours

Total DriveMining hours: 48,000

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