# XRP rewards system

Each user who stakes their **PTC token** receives rewards based on their **percentage of PTC Token share amount** in pool(% based) \
e.g. if total users combined staked is **120 billion** and a user owns **12 billion** 

{% hint style="info" %}
12B /120B = 10% of pool share
{% endhint %}

e.g. and if **$1,000** worth of **Binance pegged XRP** is added to pool ( XRP)\
\&#xNAN;**$1,000 XRP x 0.10 = $100** is his reward which is **drip paid daily over 365 days** (30 days staking PTC is still required & not claimable until 30 day stake is done)

{% hint style="info" %}
$100 / 365 = 0.27397260273972 cents worth of XRP a day
{% endhint %}

The user must stake in the pool for 30 days to earn rewards and **re-stake every 30 days to continue receiving rewards**. e.g:

{% hint style="info" %}
Over 30 days = 0.27397260273972 cents x 30 days = $8.21917808219178 XRP reward
{% endhint %}

If **extra XRP** are added to the reward pool then dApp recalculates everyone's rewards. 

{% hint style="info" %}
**NOTE:** If new people leave (staking timer done) or join, **pool % dynamic updates.**\
If more XRP is added to contract, **Reward amount and % updates**.
{% endhint %}

There will be two staking fees (not including gas fees):\
\
**1) A PTC Staking burn fee**. Currently **it is set to 40,000 Tokens** but we will change it in the future. Tokens are burned to the 0x0000...dead null address. This is absolutely necessary in our effort to burn more Tokens increasing scarcity. \
**2) A BNB Staking fee paid to the Treasury**. It is 25 cents worth of bnb as of now.

{% hint style="info" %}
The BNB staking fee will be updated and increased when the rewards pool are increased. It will get stored in contract and then withdrawn every once in a while when it's worth withdrawing from.
{% endhint %}

To be clear, the token tax have gotten reduced from **15% to 0.5%** when Staking contract went LIVE on 14th May, 2023.\
The total tax is 1% (**`0.5% reflections and 0.5% dev`**) where it will remain from that point on to ensure **PTC** can be more open market.

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