⛏️Mining Insurance

📌GenNergy is a project that aims to incentivize users to mint and hold its native token, GENN. However, to ensure that the project remains stable and sustainable in the long term, we have implemented an insurance mechanism that protects users' interests and mitigates risks.

🔸Auto-Activation:

The insurance mechanism is designed to protect the interests of users by ensuring that the last 20 minting participants receive a reward if there has been no new minting for more than 72 hours. The mechanism is automatically activated by a smart contract that is deployed on the blockchain. This ensures that users are always protected, even in the event of sudden drops in minting activity.

🔸Solving Market Concerns:

The insurance mechanism is designed to solve market concerns regarding the last comer or participation. By guaranteeing that the last 20 minting participants will receive a reward, even if there has been no new minting for more than 72 hours, users can be assured that their interests are protected. This creates a more stable and predictable market for GENN, which encourages more users to participate in token minting.

🔸Incentivizing the Market:

The insurance mechanism incentivizes the market to participate in token minting, so that everyone has the opportunity to win the last enrolment reward. By providing a reward for the last 20 minting participants, the mechanism encourages more users to participate in minting, which ultimately creates a more vibrant and active market. This creates a win-win situation for all users, as it helps to maintain the stability of the project while also providing a fair and transparent reward system.

🔸Open and Transparent:

The insurance mechanism is open and transparent, with all data being available through dapps that show minting status. This ensures that users can monitor their participation in minting and can have confidence in the reward system. By providing full transparency, we aim to build trust in the Mint to Earn project and ensure that users' interests are always protected.

The insurance mechanism is an important feature of the Mint to Earn project that helps to ensure the long-term sustainability and stability of the project. By guaranteeing a reward for the last 20 minting participants, even in the event of no new minting for more than 72 hours, users can be assured that their interests are protected. The mechanism incentivizes the market to participate in minting, which creates a more vibrant and active market, while also ensuring that the project remains open and transparent. We believe that this feature will help to build a strong and sustainable community around the Mint to Earn project.