Equations

Equations
Unit
Unit is the NFT that identifies the minting license. The Unit is used to calculate the minting production and it has a duration of 60 months. Each Unit has the following traits:
Emission Date (mm/yyyy)
Base Value
Max Index Minting - MIM
Max Index Minting (MIM) is a Unit index that is used to calculate the minting rewards. The MIM is calculated starting from the Unit base value and the emission date with the following formula:
MIM=base value∗(1−current date−emition date60)MIM = base\ value * (1-\frac{current\ date-emition\ date}{60})MIM=base value∗(1−60current date−emition date​)
Carrying Capacity - CC
The Carrying Capacity (CC) is a parameter used to control the exponential issuance of LFi tokens as the number of Units sold increases. The CC is calculated by the following formula:
CC=1.5%∗round(n nft issued250000)CC = 1.5\%*round(\frac{n\ nft \ issued}{250000})CC=1.5%∗round(250000n nft issued​)
Collateral Index - CI
The Collateral Index (CI) identify the power of minting production based on the amount of collateral cLFi connected to all the unit compared to the amount of cLFi needed. The CI formula is:
CI=5%+95%∗(∑cLFi connectedn NFTs∗cLFi needed)CI = 5\% + 95\%*(\frac{\sum cLFi\ connected}{n\ NFTs*cLFi \ needed})CI=5%+95%∗(n NFTs∗cLFi needed∑cLFi connected​)
Production Weight - PW
The Production Weight (PW)  for each Unit is used to calculate how much % of the production should be redistributed to the owner of the NFT. 
PW=MIM∑MIM of all NFTsPW = \frac{MIM}{\sum{MIM\ of\ all\ NFTs}}PW=∑MIM of all NFTsMIM​
Monthly Distribution - MD
The Monthly Distribution (MD) is the amount of token that each month are released from the Minting Smart Contract. the amount of token released will decrease every four month by 20%. 
Minting Production - MP
The Minting Production (MP)  for each Unit is based on the price of the token LFi at the market(P1), the ICO price of LFi (P2), Unit MIM and the Unit base token emission by observing the following formula:
if    P1<P2      MP=PW∗MD∗(MIM−CC)∗CIif\ \ \ \ P1<P2 \ \ \ \ \ \ MP=PW*MD*(MIM-CC) *CIif    P1<P2      MP=PW∗MD∗(MIM−CC)∗CI
if    P2<P1      MP=PW∗MD∗(MIM−CC)∗P2P1∗CIif\ \ \ \ P2<P1 \ \ \ \ \ \ MP=PW*MD*(MIM-CC)* \frac{P2}{P1} * CIif    P2<P1      MP=PW∗MD∗(MIM−CC)∗P1P2​∗CI
After the calculation of the Minting Production it will be divided between the holder of the Unit and the holder of the collateral cLFi.
NFT Hashrate
The NFT Hashrate is a representation of the amount of NFT in circulation. It is used to plot ecosystem growth and emission reductions in a graph. It is calculated using the following formula
NFT hashrate=(NFT minted−NFT burned)∗0,003695NFT \ hashrate = (NFT\ minted - NFT\ burned)*0,003695NFT hashrate=(NFT minted−NFT burned)∗0,003695

Last modified 2mo ago