🔗Structure and staking-to-reward process

The diagram above illustrates the Yidocy Plus platform and the staking-to-reward process.

The primary function of Yidocy Plus as a platform is to connect the demand and supply sides of the physical infrastructure necessary for Bitcoin mining and contribution to DePIN systems. For investors who are looking for a steady income stream from Bitcoin mining or DePIN rewards, Yidocy Plus is the gateway to these opportunities. This earnings process is facilitated by Yido tokens. To elaborate on the process step by step:

1. The process starts with buying Yido tokens in the market. To buy Yido means that investors own the tokenized utilities of the physical resources, such as the hash power of Bitcoin mining machines, the computing power of GPUs, the storage capacity of the servers, etc. It also means that investors hold income-generating economic value of such resources.

2. Technically, staking Yido tokens means that stakers prove they are effectively participating in Bitcoin mining or contributing resources to DePIN operation. Those investors staking their holdings in the pool become eligible for rewards.

3. In the background, the platform constantly mines Bitcoin and earns DePIN assets with the physical resources that are being put into operation at their full capacity. These earned assets are aggregated in the reward pool and, if necessary, converted into the form that is distributable on the Yidocy Plus network. As Yidocy Plus is ERC-20 protocol, BTC in the reward pool is swapped for wBTC in this step. And then rewards are distributed to the stakers by the ratio of how many Yidos one stakes to the total number of Yidos staked for the cycle.

As an example, assume that one investor is staking 10 Yidos when 100 Yidos are staked in the pool. This staker is now eligible for 10% of the total value of BTC or DePIN token etc. being distributed for that specific cycle. This means that, assuming the distributable BTC value is the same, the fewer Yido tokens are staked, the more BTC each staker would earn as rewards. It is sort of a mechanism, called Boost Factor, offering hidden value for stakers.

There is virtually no lock-up period for staking, but the staker should meet one single condition to become eligible for reward distribution. That is, Yido tokens should be staked continuously for 24 hours - from UTC 00:00 through UTC 24:00. A staker may transfer wBTC and DePIN assets so earned from the Yidocy Plus platform to his own wallet connected to the platform. The claim may be requested and thus transfer may be executed anytime after the rewards are distributed. The history of pool reward distribution and each user’s staking and claim transactions are recorded and readily traceable.

1. Unstaking is completely without restriction. A user is free to unstake Yido at anytime and withdraw from the Yidocy Plus platform simply by disconnecting his wallet. A user also may decide to liquidate Yido tokens in the market, thus completely exiting the business.