Social Mining
Social Mining Overview
In AsMatch, social mining is designed to encourage user interaction and bolster community engagement.
Users must bond at least 1 zkPortrait to their profile to access Social Mining and earn weekly $ASM Airdrops.
At the core of this process is Key Matching, which symbolizes each user's social value within the platform.
Key Matching and Utility
Users can buy keys by swiping up on a user, allowing them to instantly connect and chat. The process of buying or selling keys involves a consumption of ETH (depending on the Key Price) and earns you points. These points play a pivotal role, as ASM tokens are airdropped weekly based on the user’s total score.
Key Matching Mechanics
Purchase Price Formula: The purchase price of a key is calculated as 0.001 * (current sequence) ^ 1.3.
Selling Price Formula: The selling price is set at 0.001 * (current sequence - 1) ^ 1.3.
Points Earning Structure
Points from Key Purchase: The number of points earned from purchasing a key is determined by 100 * (current sequence) ^ 1.5 * point gain coefficient.
Points from Key Selling: Points earned from selling a key are calculated as 100 * (Current sequence -1) ^ 1.5 * Point gain coefficient.
Trading Fee Breakdown
Each Key Match – both buying and selling – incurs additional fees, broken down as follows:
Handling Fee: 3%, which constitutes the income for the AsMatch team.
Treasury Fee: 2%, allocated for regular ASM token repurchases.
Dividend Fee: 5%, directly awarded to the key owner.
zkPortrait Privileges:
Withdrawal Rights:
Bonding a single zkPortrait and reaching Level 3 grants you the privilege to withdraw ASM tokens. This feature enables you to access the ASM tokens in your AsMatch Wallet without any delay in the unlocking period.
Leveling System:
The bonding of your first zkPortrait unlocks the start of your full Match to Earn potential. This unlocks the ability to level up your profile, which increases your Match Battery and Point Rate. A higher level equates to an increased number of possible matches, earning more points, and consequently a significant boost in your weekly ASM Airdrop earnings.
Each level-up is followed by a mandatory cooling period. During this time, further levelling up is temporarily paused. This cooling period ensures a balanced and fair progression for all users.
Please refer to the following table for detailed insights into our levelling system, including specific requirements and associated benefits at each level.
Level
Point Gain Coefficient
Match
Battery
ASM Consumed
Amount of zkPortraits required
Cooling Period (Day)
1-2
1.00
12
100
1
0
2-3
1.20
14
400
1
0
3-4
2.50
16
1500
2
5
4-5
5.00
18
2000
3
7
5-6
10.00
20
4000
4
7
6-7
20.00
23
8500
5
14
7-8
45.00
26
20000
6
14
8-9
120.00
30
50000
8
21
9-10
300.00
40
80000
9
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