One-Eight.io Going Further: the Contribution Fund
I’d like to dig a bit deeper into the inner workings of the Contribution Fund of one-eight. A lot of people are wondering how this project can really pay out 1.8% daily. Let’s dig into the smart contract and then let’s cover the different ways it’s funded.
To be straight to the point one-eight does rely on its contributors to help grow the fund and to keep it active. However that is only part of it, on top of that it also relies on its affiliate partners also to back the fund. With the combination of contributors and affiliate partners the fund grows and pays out daily.
This formula is based in the smart contract. The moment a contributor gives to the fund their active contribution begins and the daily reward is paid out. It is calculated to pay out every second in a 24 hour cycle. At the end of 24 hours your reward totals 1.8%. And the cycle begins again and your rewards accumulate over time.
The contribution is locked in and is not returned. Hence the reason we call it a contribution. You are giving to the fund to keep the project active and you are rewarded on the amount that you contribute as a way of saying thank you for your support.
If you would like to add more to the Contribution Fund you can. However, the smart contract will need to re-calculate your active contribution. Once it adds your additional contribution to your active contribution it will reset your daily reward to start a new cycle. This is the reason the daily reward resets to zero.
We encourage contributors to either withdraw or re-contribute before adding more to the Contribution Fund By doing this you will not lose your daily reward. If a contribution is added without withdrawing or re-contributing then your reward simply remains in the smart contract.
The affiliate partnerships we have made are a unique aspect to this project. We know that a vast majority of our contributors are crypto enthusiasts and YouTubers alike. This we have created partnerships with services that our community can partake of.
Blazen Tokyo is the largest affiliate backer to the one-eight project. It has designed a t-shirt that funds the project directly through its sales of the “be one-eight” Tee. 50% of the profit from sales of the t-shirt will be given to back to the one-eight Contributor Fund.
BigCoin is a service that allows users to shop with crypto online. You can use a variety of alt coins to shop on line. 50% revenue generated from the fees of this project will be put back into the one-eight contributor fund.
The DJI affiliate link was created for our YouTubers and drone lovers like myself. 50% from the commissions will go back to the contribution fund which is quite big. The Osmo Pocket is a hot item right now. If your planning on getting one I would invite you to please use one-eights affiliate link.
For our game we have an affiliate partnership with Planet Crypto. 50% of all earnings we get from the game through the affiliate link and land tax we will give back to one-eight. Planet Crypto is currently running some Christmas specials that are very rewarding. I’d like to encourage you to play and get some land. I’m slowly accumulating places around Japan.
We are also currently building a Nova Group and an Arbitrage Group to help back the fund. I am currently working on a strategy on how to incorporate these great systems in backing one-eight. I will share more details on this in later posts please stay tuned.
One-Eight has currently paid out over 4 ETH in daily rewards already. I invite you to contribute the minimum of .05 ETH and use our services. It’s a great way to earn in this bear market.
This is how the one-eight contribution fund works. If you have any further questions I’d like invite you to connect with me through our discord or telegram.
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Originally published at steemit.com on December 9, 2018.