Mining on booster

Since the beginning of this year, the DEFI project on HECO has developed vigorously, attracting a large number of users to participate, and this has also made HECO ’s popularity rapidly increase, and a large number of high-quality DEFI projects have also focused on the HECO public chain, and have begun to deploy their own DEFI ecology.

Up to now, in fact , the DEFI projects on the HECO public chain have relatively complete ecology. In addition to DEFI products such as deposits, liquid mining, insurance, etc. , there are actually some interesting leveraged mining projects, such as booster . Booster is an open DEFI aggregator, which mainly provides aggregation services for public chain infrastructure, allowing users to experience one-stop mining. Not only that, the user's mining income can be reinvested, which maximizes the user's mining income, which also attracts a large amount of funds to participate.

Security of the contract

For a DEFI mining project, the first thing we should pay attention to is the security of smart contracts, which is the first priority. In terms of smart contracts, booster has now completed the audit with the help of SlowMist and smart track to ensure the safety of the code. At the same time, the team of partners is also strong. Therefore, in terms of funds, booster has a large number of institutional partners, this also makes booster get a lot of people's attention.

Booster's mining game

Booster has also introduced some different games methods for users with different risks. Of course, it is worth noting that the booster has a reinvestment function and a leveraged mining function, which is to use this method to maximize profits and enjoy the wealth effect brought by compound interest. Because of this, booster has attracted a large number of users to use.

Deposit mining

The current rate of return is basically a dozen to thirty or forty points. Of course, the more distinctive feature is that you can perform one-coin double mining, which can also maximize the benefits for users. Single currency gaming has always been a passion for many participants, and booster 's single currency realizes one currency dual mining , so in terms of profit, it also has more profits than other DEFI mining.

Liquidity mining

In addition to single currency mining, Booster also has what we often call liquid mining. Liquid mining is mainly divided into ordinary mining and leveraged mining. For ordinary mining, people who have played DEFI may be familiar with it. Of course, liquidity mining can be reinvested, which can also maximize the possibility of users obtaining higher returns.

Leveraged mining

Our focus is on relatively new leveraged mining. For some users who can bear a certain risk, leveraged mining is a good choice. Compared with the leveraged contracts of centralized exchanges, leveraged mining can obtain token rewards. Therefore, leveraged mining is also a good choice for users who frequently do contracts.

For booster , the biggest advantage of leveraged mining is that it can increase the rate of return of funds on the premise of judging the market trend, which provides the user with the maximum possible return. At the same time, we see that leveraged liquidity mining is basically a mainstream trading pair, such as trading pairs btc/usdt and eth/usdt , so in essence, their price fluctuations are relatively low, so they are not prone to large transactions. At this point, we can see that the choice of booster still has a certain purpose.

Booster allocates different leverage for each different token, and users can also adjust it according to their own risk level. Of course, for users, while enjoying the benefits of leveraged mining, they must also bear the risks brought by leverage. If the leverage cannot cover the platform fees and allocation fees, the leverage will face the risk of liquidation. Therefore, leveraged mining also has certain risks.

Automatic re-investment function

Anyone who knows the basics of finance knows that compound interest is a very profitable thing. In fact, compound interest is like snowballing and constantly invests profits in principal, so as to realize the function of rolling profit. For participating users, it can be Rapidly increase your principal in a short period of time, so that you can achieve rapid growth in wealth.

The main starting point of Booster’s addition of the re-investment function is actually to maximize the value of revenue for users, so that the user’s actual rate of return is much higher than other DEFI products, so that it can quickly attract a large number of users to participate, so that the market value of booster can also be reflected, which can provide certain benefits for the booster ecosystem . The automatic re-investment does not require constant attention, and the automatic re-investment greatly facilitates the user experience. Therefore, once it was launched, it received a lot of praise!

Advantages of the Booster platform

Booster 's platform currency is the token revenue generated by the user 's DEFI mining on the booster platform. For the booster 's DEFI system, it not only bears the incentives for users, but also undertakes the management of the platform and other functions. After the booster platform, there will be corresponding repurchase and destruction measures. In this way, for the booster platform, the deflation of the tokens will inevitably be more obvious in the later stage, and there will be greater upward momentum.

Of course, the DEFI project is most worried about the various systemic risks that arise. For booster , the team has also set up a risk deposit system, including 10% of the platform handling fee into the risk deposit. The risk deposit should mainly deal with the liquidation loss caused by the sudden rise and fall, as well as the user loss caused by some other problems. Once such an event occurs, the user's assets will naturally be put in the first place, and the system will respond accordingly.

The platform sets up a risk deposit, mainly to ensure the safety of users' funds. If there is a user loss, the risk deposit can also be used to reduce the loss. In this case, it is also the best of both worlds for the platform and users.