Details about A Million-Bounty Mining Plan(Updated Version)

7 min readJul 12, 2019

MultiVAC testnet 2.0 “Enigma” and a million-bounty plan were officially issued in early June. All people can freely participate in mining via cloud mining characterized by low threshold and high profit.

The total deposit of the whole network has reached 254 million MTV, as of August 25. Testnet has ran 2555 nodes steadily and generated over 27 million MTV.

Testnet 2.0 explorer: http://e.mtv.ac

How to Calculate Miners’ Rewards?

Total Mining Rewards= Basic Reward + Periodic Abundant Bonus + Lighting Fund Dividend

Notes: The MTV rewards distributed in the mining activity will all be bought back from the exchange by MultiVAC. The more miners participate in, the more MTV we will buyback, which greatly boosts the project’s value and the token price.

Reward 1: Basic Reward=( Personal Deposit / Total Deposits)* 345,600 MTV

For instance, if you deposit 1 million MTV and the total deposits are 250 million, then you can get the basic reward about 1382MTV every day. The basic mining rewards differ based on the increasing total deposits.

Reward 2: Periodic Abundant Bonus

At present, it is in the sixth phase (250–300 million). We continue to use the previous mechanism of “Invitation Rewards” and “ Double Reward for New Miners” and also add “Angel Privilege Plan”.

1）Invitation Rewards

If you invite your friends to mine, when the total deposits reach 300 million, you will get an extra bonus for that according to the total amount of the accumulated inviting deposits and issued rewards. Be sure to inform your friend to write down your ETH addresses as recommendation info when filling in the whitelist form.

0–10 thousand, 1% extra bonus;
>100 thousand~500 thousand, 2% extra bonus;
>500 thousand~1 million, 5% extra bonus;
>1 million ~ 3 million, 7% extra bonus;
>3 million, 10% extra bonus;

2）Double Rewards for New Miners

The newly added deposits can get double rewards in the first 7 days after the mining starts. (that is, if the present deposits are 1 million, you may get 2764MTV daily at the first 7 days);

3）Angel Privilege Plan

We’re recruiting multilingual ‘ MTV Angles’ around the world to manage our communities and all those angles can get extra 5% mining rewards.

Reward 3: Lighting Fund Dividend

The miners who deposit over 1 million will get an extra 10% dividend from the Lighting Fund Pool. (The Lighting Fund will run 100 nodes for a stable network. Mining benefits will put into Lighting Fund Pool and will be distributed to miners in various ways.)

Up to now, there are 1,785,457 MTV in Lighting Fund Pool and it continues to increase at 2468MTV per day.

[Cloud Mining]

For easier participating, we provide a cloud mining mode for people who don’t have a technical background or hardware. Better still, it’s just at the promotion stage. Therefore, it’s free for now！

Notes: We have launched the group mining. Only by transferring any amount of tokens can anyone mine. The system can automatically group miners into complete nodes which realizes nearly zero-threshold mining.

How to Participate in Mining NOW?

Simply speaking, it only takes three steps ( fill in the form- deposit MTV - check your rewards after 24 hours).

1）Apply for the Whitelist

Submit the application form at the below whitelist form link:

http://mtvmining.va.mikecrm.com/PgqomxH

Note: To successfully pass the examination and verification, please take this form seriously.

2）Transfer MTV to the Officially Designated Address

After submitting the form, please directly complete the deposit. You don’t need to wait for the official reply for that.

The officially designated address:

0x7F7EBDBf85028Bb6Cd8fb078f5aD89Dd162868c6

Note: Make sure to transfer with a personal ETH wallet. (Do not use exchanges wallets in case we can’t distribute rewards to you.)

3）Check Your Own Profits after 24 Hours

After depositing for 24 hours, the whitelist will open to you automatically. (You don’t have to seek advice from admin.)

Then you can enter https://e.mtv.ac/#/home to check your rewards ( please talk to the admin if you fail to get them).

[Friendly Reminder]

1）The number of shards is 4, and the daily total blocks are about 34,560, and the reward for each block is 10 MTV.

2）The testnet pre-mining activity will last until the mainnet launch. Once the deposit is transferred, it’s locked. No one can quit or withdraw before that.

3）When the total deposits of the whole network reach multiples of 50 million MTV (such as 50 million, 100 million, etc.), the foundation will buy back MTV from exchanges as rewards and start a round of distribution to the miners’ ETH wallets within 7 days.

4）Users can deposit any amount of MTV tokens to mine, but the minimum for reward withdraw is 100 MTV. The mining reward which is less than 100 MTV will be accumulated and distributed next time when it reaches the threshold.

5）Please follow the official instructions. We are not responsible for problems caused by personal misoperation.

6）The final right to interpret belongs to the foundation.

Previous Mining Phase and Rewards

To encourage everyone to actively participate in MultiVAC ecological construction and community expansion, we divide different phase by every multiple of 50 million of total deposits and announces new bonus mechanisms at each phase. Therefore, everyone can enjoy the fun to join as a miner any time as well as obtain considerable returns.

The First Phase 0- 50 million, Completed with Distributing 2,31 MTV (6.5–6.12)

In the first phase, miners enjoy tremendous mining rewards, up to 8.4%. That is, you can get 84,000 MTV reward with 1 million deposits.

The desired annual ROI: 438%

The Second Phase 50 million-100 million, Completed with Distributing 6.85 million MTV (6.13–6.30)

It includes basic mining reward and the periodic excellent bonus. The highest mining reward is up to 9.78%. That is, you can get 97,800 MTV reward with 1 million.

The desired annual ROI: 210%

Periodic excellent bonus as follows:

1）Airdrop Reward

In this phase, all newly added deposits got an extra 1.25% airdrop reward, which was 436,239 MTV extra bonus for miners.

2）Extra Bonus

When the total deposits came near the goal of 100 million, the foundation decided to give an extra 10% bonus to the miners who deposited in the last 4.5 million. In other words, miners may get the 50,000 bonus at per 500,000 and get 100,000 at per 1 million. This part of the extra bonus for miners reached 619,493MTV totally.

The Third Stage 100 million-150 million, Completed with Distributing 10.76 million MTV(7.1–7.30)

It includes basic mining reward and the periodic excellent bonus. The highest mining reward is up to 9.85%. That is, you can get 98,500 MTV reward with 1 million.

The desired annual ROI: 124%

Periodic excellent bonus as follows:

1)Invitation Rewards

At this stage, people who invite friends to participate in mining can get extra rewards, for a total of 160,793 MTV.

2)Double Rewards for New Miners

The newly added deposits can get double rewards in the first 7 days after the mining starts, for a total of 291,233 MTV.

3)The Final Phase Rewards

When approaching the goal of 150 million, miners got an extra 5% reward that is 79,824 MTV.

The Fourth Stage 150 million-200 million, Completed with Distributing 6.2 million MTV(7.31–8.16)

In this stage, the highest mining reward is up to 5.64%. That is, you can get 56,400 MTV reward with 1 million.

The desired annual ROI: 128%

Periodic excellent bonus as follows:

1)Invitation Rewards

At this stage, people who invite friends to participate in mining can get extra rewards, for a total of 153,720 MTV.

2)Double Rewards for New Miners

The newly added deposits can get double rewards in the first 7 days after the mining starts, for a total of 127,537 MTV.

3)The Final Phase Rewards

When approaching the goal of 200 million, miners got an extra reward that is 325,552 MTV.

The Fifth Stage 200 million-250 million, Completed with Distributing 2.4 million MTV(8.17–8.23)

In this stage, the highest mining reward is up to 1.8%. That is, you can get 18,000 MTV reward with 1 million.

The desired annual ROI: 95%

KuCoin event rules: https://www.kcs.top/news/kucoin-will-support-the-mtv-lockup-and-cashback-program

CITEX event rules: https://citex.zendesk.com/hc/zh-en/articles/360032342532

LBank event rules: https://lbankinfo.zendesk.com/hc/zh-en/articles/360034388553

The Sixth Phase ( 250 million -300 million) Is Under Way

About MultiVAC

MultiVAC is high-throughput flexible blockchain platform based on trusted sharding computation. It’s a next-generation public blockchain platform built for integration with large-scale decentralized applications (dApps). MultiVAC is developing the world’s first fast, efficient, and fully sharded blockchain with sharding for not only computation but also transmission and storage, maximizing throughput while maintaining decentralization and without sacrificing security.

At the same time, MultiVAC pioneers flexibility for DApps to trade-off freely on the impossible CAP triangle between decentralization, performance, and security, supporting large-scale decentralized commercial applications for complex and diverse business requirements.