Sirio
  • OVERVIEW
    • What is Sirio?
    • Vision & Mission
    • Features
      • Leaderboard
      • Spaces
      • Benefits
      • NFTs Mint
      • Share Profile
      • Gaming
      • Streams
    • Sirio Points
  • HOW IT WORKS
    • Creating an account
    • Staking Mechanism
    • Mining Power
    • Reward Distribution
  • Technology Stack
    • Platform Architecture
    • On-Chain Logic
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  • What is Mining Power?
  • How mining power is calculated
  1. HOW IT WORKS

Mining Power

What is Mining Power?

Mining Power is the key parameter of the Sirio staking system, which determines how much you can earn by staking your NFTs. It is designed to reward not only ownership, but also the quality and value of your NFTs. It is calculated based on several factors that reflect the characteristics of the NFT and its strategic importance in the ecosystem.

How mining power is calculated

Each NFT is assigned a unique Mining Power score, which depends on:

  • Rarity: Rare NFTs generally have higher Mining Power because of their exclusivity and desirability.

  • Trading Volume: NFTs with high market activity (e.g., frequent trading or high liquidity) get a higher Mining Power.

  • Strategic Importance: NFTs on the blockchain that sponsor the current season have priority and can receive a bonus to their Mining Power.

  • Other Factors: To improve equity and incentivize long-term commitment, other metrics, such as age or historical relevance of the NFT, can be considered.

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Last updated 1 month ago