GMT Earning

GMT Earning Starting Date

Stage	Prerequisite	Event	Status
Stage 1	Infrastructure prerequisite	GMT Swap/Trade function opened	Done
Stage 2	Utility prerequisite	GMT use case incrementally implemented	Done
Stage 3	Burning prerequisite	GMT burning progress bar installed	Done
Stage 4	GMT Earning Event	GMT earning kick off once the progress bar hit 100%	Done

GMT earning is enabled on 28th Sep 2022.

GMT Earning Mechanics (General)

Following are the GMT been distributed to each pool daily:

Classic Pool: 40%

Rainbow Pool: 60%

There is NO earning cap for GMT. Rather, the earning is changing dynamically every 1 mins based on the live GMT earners at the time. Similar to the concept of Hashrates*, the GMT earning is calculated and settled every 1 minutes based on the total Rainbow Power (Rainbow Pools) and Comfort (Classic Pool) been utilized in this 1 minutes.

* Hashrate refers to how much computing power is being used by a network (for example, the Bitcoin network) to process transactions. Take Bitcoin for example. Every couple weeks, the Bitcoin protocol automatically adjusts how difficult it is to mine new bitcoins based on the current Hashrate. When the Hashrate is high, the mining difficulty is high and thus reward is low. When the hashrate falls, the difficulty falls with it and thus reward is high.

GMT Earning Mechanics (Classic Pool)

Classic Pool is designed for all the Non-Rainbow Sneakers, Classic Pool comprises 40% of daily released GMT. In Classic Pool, different Sneaker types plays a contributing factor to GMT earning just like how GST earning works.

Level requirement

GMT earning is only available to Sneakers that reaches to Level 30.

Pro rata Mechanic

The GMT earning per person are pro rata based. The more users earning GMT at a given time, the less GMT earning will be available per person. Vice Versa.

Comfort Mechanics

The more Comfort, the higher the earning.

GMT Earning Mechanics (Rainbow Pool)

Rainbow Sneaker is enabled on 12th Oct 2022. Rainbow Pool comprises 60% of daily released GMT. For detail, please refer to here.