The penalization system is designed to address users who exceed the maximum time limit of 40 seconds to send a proof. When a user surpasses this time threshold, the system imposes a penalty as a means of discouraging and regulating farm unefficiency. The purpose of the penalization system is to promote farm efficiency and respectful usage of resources by encouraging users to stay within the designated time constraints. By imposing consequences for exceeding the time limit, the system aims to optimize overall user experience, ensure fair share for all farmers, and maintain a balanced and sustainable usage environment.
In order to incentivize and encourage existing farmers to refer new users, the system aims to leverage word-of-mouth marketing and the trust between existing farmers and their social networks to drive customer acquisition, increase brand awareness, and foster loyalty. By participating in the referral system, individuals can earn rewards and discounts when their referred contacts get a block distribution on their pool account.
Our Payment System is divided in 3 phases: 1 - Block Absortion 2 - Distribution 3 - Payment Blocks are aborbed during the first phase, then the distribution service will run every 30 minutes to distribute all pending absorbed blocks. It's in the distribution phase where all fees and discounts are calculated and deduced. Then in the last phase, every hour, the payment service will transfer any pending funds to the farmers that have reached the minimum payment limit.
To start earning points in the pool, each farmer must reach a minimum threshold of 0.9 TiB of Proven Space (about 9 plots K32 C0). We've implemented this system as a way of mitigating dead weight. We may change this value in the future