💡How does it work?

If you are a holder of $SHARX token, you are eligible to receive a share of the revenue. From a holder´s perspective, there is nothing more to do, than following the steps described in section "How to Opt-In". However, we use this section to explain the basic rev-share mechanics to make it more transparent and understandable.

To understand how the distribution works we need to explain what are "Cycles" and "Periods".

Cycle

A Cycle is the whole revenue sharing process of ONE amount to be shared. The amount to share is chosen by the team based on the revenue generated during a specific timeframe. A Cycle lasts from the start of sharing this amount till BNB got airdropped to $SHARX holders. The duration of a Cycle is not a fixed timespan. It could be a month, a week or even a day if necessary. It will differ and is defined and adjusted by the team regulary for any total amount to be shared.

Periods

A period is a very small timespan within the whole Cycle. These periods are used to regularly check $SHARX holdings. A complete "Cycle" is comprised of numerous short Periods... We gonna check holdings of opted in wallets through all of these periods during the whole cycle.

So that means, that we always calculate your personal share of all Opted-In Wallets for each of those small periods and sum it up accordingly. That said, it is clear, that once you sell your tokens (or transfer them to a different wallet) you won´t receive any rev-share anymore. However, what you got so far until this point is yours in any case. So you won´t loose your rev-share, which was made until the point you sell, but you won´t receive any additional from this point on, of course.

A Period is no fixed timeframe and it can be adjusted by the team. It will not be communicated in public to prevent malicious behaviour.

Distribution

As soon as a cycle comes to an end, your share is automatically airdropped to your enrolled wallet. There is no action required from your side. You will see the transaction history within the Dashboard All airdrops are done using BNB on Binance Smart Chain. We chose this way to distribute revenue share casue Binance Smart Chain is compatible with Ethereum Virtual Machine (EVM) contracts and it shares the same Wallet adress like ETH. Furthermore, transactions fees for airdropping are much lower.