Shaolin
What is Shaolin?
Last updated
What is Shaolin?
Last updated
The Shaolin Protocol represents a revolutionary Ethereum-based system utilizing Layer 0 Technology making the $SHAO Token itself an OFT - an Omni-Chain Fungible Token. It combines deflationary tokenomics, virtual mining, and dynamic reward mechanisms in Ethereum and Wrapped Bitcoin to establish a sustainable and interconnected DeFi ecosystem. The mining of Shaolin tokens will only last for 88 days and then no more supply can be created, paired with daily-decreasing token rewards, ensures scarcity and drives early participation. By allocating ETH contributions to advanced buy-and-burn mechanisms for Shaolin, Lotus, Eden, and TitanX, Shaolin not only reduces token supply but also strengthens the liquidity and value of these protocols. This symbiotic design fosters collaboration between protocols, creating a robust foundation for long-term ecosystem growth while incentivizing community engagement and rewarding loyal participants.
• The Shaolin Protocol uses Ethereum-powered virtual mining, allowing users to earn SHAO tokens by activating miners.
• Mining is only available for 88 days, creating scarcity and urgency for early participation.
• Daily mining rewards decrease by 1% per day, making earlier miners more profitable.
• 35% of ETH contributions go to Shaolin's buy-and-burn mechanism, reducing token supply.
• Mining costs remain a fixed % Decimal of ETH for all 88 days, simplifying entry for participants.
• Reward pools of Ethereum and Bitcoin incentivize staking and mining encouraging long-term commitment.
• Shaolin integrates with Lotus, Eden, Volt, and TitanX, strengthening their liquidity and tokenomics.
• ETH from mining supports the ecosystem through liquidity pools and deflationary mechanisms.
• The protocol's interconnected design fosters growth, scarcity, and sustained engagement across multiple projects.