SERO Miners' Guilds Award System

bySEROJanuary 27, 2019

How to Establish a Miners' Guild

Anyone can apply to establish a miners' guild.

The application and entry ranking methods of the guilds are tentatively set as the following rules:

  1. Set up a miners' guild: send the guild organizer's public key address + guild name to the mailbox: license@sero.vip to apply for the establishment of a guild.

  2. Minimum guild qualification to participate in the ranking: at least 5 valid members are included, that is, the license of each member shall mine at least one block the day before the official ranking.

  3. How to join the guild: please refer to the following details.

  4. Please contact SERO's official customer service (WeChat ID: SERO9413 in Chinese, Telegram ID: @sero_aakash in English) if the guild has the need to expand the number of members, and submit the guild's reward system, contact information and other information. SERO team will recommend the license to the new miners.

The SERO team will strive to support every guild. At present, SERO project is developing rapidly. The guild is an important force in the future of our project.

SERO Coin Allocation Rules

The total supply of SERO that will ever be is 1 billion, and the distribution is as follows:

  1. 10% i.e 100 million SERO coins are reserved for external financing purposes to support the ongoing operation of the project team. And 1:1 mapping of 100 million ERC20 tokens.

  2. 80% i.e 800 million SERO coins belong to the miners and miners' guild organizers, and the bitcoin halving time points should be as consistent as possible, set to a four-year halving cycle, and the halving cycle is also consistent with Bitcoin, which lasts about 101 years. The release is completed in the year. See below point 4 for specific allocation and award details.

  3. 100 million SERO coins belong to the project start-up team and will be used for the project team's founding shareholders and early contributors to reward, and the same amount of SERO coins excavated by miners, released for about 101 years.

  4. The distribution of 800 million SERO coins belonging to the Miners and miners' guild organizers mentioned in above point 2 is as follows:

a) 750 million SERO coins will be dug by miners and awarded to miners.

b) 0.5 billion SERO coins will be allocated to the president of the Association according to the ranking mechanism.

SERO Miners' Guilds Award System Rules

1. Total Guild rewards.

5% of all SERO coins, or 50 million SERO coins, will be released in the same halving period in 101 years and will be awarded to the top 100 guild presidents.

2. The Guild ranking rules reward interval.

All unions are ranked according to the total amount of all members of the guild from 0:00 (Beijing time) on the 15th of each month to 24:00 on the 14th of the following month, ranking from the highest to the lowest, taking the top 100 Reward and set different reward intervals. Please refer to the attachment below for specific intervals.

3. Guild joining process

The SERO project team temporarily manages the miners' guild joining process manually.

i) Miners who apply for new mining can send an email to license@sero.vip to apply for mining and join the guild.

The email subject should be: "Applying for mining license and join the xx guild "(Note: xx represents the name of the guild)

The body of the email must include the following :

A: Your own public key
B: Guild name
C: Guild ID (the public key address of the president of the Association)

ii) Miners who already have a license and are engaged in mining activities can send an email to license@sero.vip to join the guild.

The email subject should be: "xx guild membership application" (Note: xx represents the name of the guild)

The body of the email must include the following:

A: Your own public key
B: Guild name
C: Guild ID (the public key address of the president of the Association)

4. The acceptance time of the Guild

After receiving the sender's enrollment email, the SERO project team will take effect the next day.

5. Guild transfer process

Miners can send an email to license@sero.vip for a transfer.

The email subject should be: "xx guild transfer application" (Note: xx represents the name of the guild)

The content of the email must include the following:

A: Your own public key
B: The name of the guild where you are now.
C: The current guild ID (i.e the public key address of the current president of the guild)
D: Name of the guild to apply for transfer
E: The guild ID to apply for transfer (i.e, the application to transfer to the guild president's public key address)

6. Guild transfer time

After receiving the transfer email, the SERO project team will accept the application for transfer of the guild before 20:00 on the 12th of each month. The performance of the transfer application will still be included in the original guild, and the performance after 0:00 on the 15th will be included in the new transfer.

Guild members who do not send a transfer application default to the current guild.

7. The Guilds rewards

The SERO project team calculates the sum of the mined blocks of each guild at 0:00 on the 15th of each month. The first 100 guilds will receive the SERO coins for the corresponding rewards.

If the number of guilds in the month is less than 100, the remaining amount will be distributed equally to each guild that meets the conditions (a guild member with more than 5 independent licenses that dig out the block in the current month).

The SERO project team will send the corresponding SERO coins reward to the guild organizer public key address before 0:00 on the 18th of each month.

The first guilds reward will be issued on February 18, 2019, before 0:00.

The guild ranking corresponding to the award amount is subject to the public announcement of the SERO official website.


annex:

Guild Reward Form (before the first halving cycle)

Guild RankingGuild Ranking SERO Coins Reward (Per Month)
150000
240000
332000
426000
523000
619000
718000
817000
916000
1015000
1114000
1213000
1312000
1411000
1510500
1610000
179500
189000
198500
208000
217000
226950
236900
246850
256800
266750
276700
286650
296600
306550
316500
326450
336400
346350
356300
366250
376200
386150
396100
406050
416000
425950
435900
445850
455800
465750
475700
485650
495600
505550
515500
525450
535400
545350
555300
565250
575200
585150
595100
605050
615000
624950
634900
644850
654800
664750
674700
684650
694600
704550
714500
724450
734400
744350
754300
764250
774200
784150
794100
804050
814000
823950
833900
843850
853800
863750
873700
883650
893600
903550
913500
923450
933400
943350
953300
963250
973200
983150
993100
1003050

Guild Doctrine

The goal is to provide more accessible services to SERO miners
Membership in a guild is entirely up to the miners' own free will
Any miner who has worked out in a week may form a guild
The SERO team is only responsible for technical support and rewards, not for union matters
The President of the Union may not enter other guilds