💰$SOL Volume Rewards

There are two contracts for two different Volume Rewards paid out to eligible users. In this document it's all about the $SOL Volume Rewards. You find another document with all related details for $HOLY Volume Rewards here.

The $SOL Volume Reward is a linear distributed reward, which distributes 100% of the generated trading fees of the HolyGrails NFT Marketplace. All accrued fees out from each BUY and SELL on the NFT Marketplace, will be distributed among all eligible users in $SOL. Current Transaction Fees on HolyGrails NFT Marketplace for any transactions are set to 1.5%

Who is eligible for $SOL Volume Rewards?

To be eligible for getting $SOL Volume Rewards the users need to fulfill this only condition.

• To receive $SOL Volume Rewards the user needs to have a min. staking position of 5 $HOLY

If this condition is fulfilled the user is eligible to earn $SOL Volume Rewards.

Calculation of the $SOL Volume Reward

The $SOL Volume Reward is calculated by 1.5% from total Trading Volume for the given time. The calculation will be done daily, claimable from the user everytime they wish. Not claimed $SOL Volume rewards where accoumulated and user can claim them any time later. The distribution will take in account how big the staking amount for each user is. As more staking volume the user brings, as more $SOL rewards he will receive in the form of $SOL Volume Rewards.

The rewards are calculated every day on UTC midnight

Example $SOL Volume rewards distribution

In our example we assume there are a total of 4 active users on HolyGrails NFT Marketplace for one specific day. The user 1 have staked 2000 $HOLY's The user 2 have staked 4000 $HOLY's The user 3 have staked 8000 $HOLY's The user 4 have staked 1000 $HOLY's Assume now that a total Trading Volume of 200 $SOL was achieved on this specific example day thus, 1.5% from this 200 $SOL are fees asked from the marketplace, which gives us a total of 3 $SOL of rewards to distribute among eligible users. This $SOL is now being distributed through all eligible users which are in fact all $HOLY stakers. For this calculation their own individual staking amount will be taken and rewards are distributed linear to them. The User with the highest $HOLY staking amount will earn the most $SOL rewards.

In comparison with the $HOLY Volume Rewards where we have a cap of max 40'000 $HOLY token staked, taken into account. For $SOL Rewards calculation will be no cap in regards of total staked amount for user. For $SOL Volume Rewards the user with the highest staking amount earns at most.