Why copy the problems of the traditional financial system when we can invent the answers. The problem with the direction DeFi has taken is in trying to emulate the traditional financial system. Although there is comfort in the familiar, it also is then also attached to the same problems when making securitized debt instruments, which leave the door open for future securities actions and taxes. This is the antithesis of what cryptocurrency industry is based on. Our answer is to create a mining reward for staking.

What it does

Staking Activity Points! Miners of TrūQoin are allowed to "Stake" TrūQoin for mining power. When a Miner stakes TrūQoin, they hold those coins in a Staking Wallet. In return, for this Activity the Miner receives Staking-Activity Points based on how many TrūQoin are on hold in the Staking Wallet at the close of each Block and multiplied by two multipliers (Multi's); Count-Multi and Stake-Multi. Both Multi's increase the reward the longer the Stakes are held and encourage long term staking.

APR "Activity Points Rewards" TrūQoin Rewards through Staking wallets

Avalanche Staking APR is not the typical DeFi definition meaning an "annual percentage rate". Instead, APR means "Activity Points Reward" and refers to the number of "Activity Points" that Miners receive for staking TrūQoin, which "Rewards" enhance the Miner's Mining Power for each Block the Stake is held.

Count-Multi Rewards Every Block Mined Increases Block to Block

Count-Multi is a points multiplier based current number of blocks the Stake has been active. For example, a Stake-10 Wallet will have its Count-Multi increase from 1 to 10, starting on the first Block the TrūQoin was Staked in the Stake-10 wallet and increase to 10. A Stake-100 Wallet will have its Count-Multi increase from 1 to 100.

Stake-Multi Rewards Every Stake Wallet Created Increases Stake by Stake

Stake-Multi is a points multiplier based current number of Stakes that are currently active. For example, if the Miner stakes TrūQoin in a Stake-100 Block wallet for each Block over 20 blocks, then Stake-Multi will increase by one each time Stake Wallet starts, and the Stake-Multi will be 20 on the last Block.

Avalanche Staking Challenge 2 Billion Activity Points!

Stake 100 TRQ in a Stake-10 and Stake-100 wallets for 110 Blocks!

The Ideal Situation is to Stake after each Block TrūQoin is added to your Mining Wallet. Then Stake the largest amount of TrūQoin you are comfortable with for 10 Block and also 100 Blocks. Then Stake every Block for 100 Block to achieve the highest Multiplier of 110. The incentive for the continuing to keep the coin staked by using a multiplier that increases after each Block Reward. If the TrūQoin is removed from the Stake then no points are given for that Block.

Increase TrūQoin Value through Scarcity The more TrūQoin is staked the larger the value TrūQoin attains.

The Scarcity of TrūQoin can increase by creating an incentive to hold TrūQoin off-market. The greater the amount of TrūQoin held off-market, and the longer TrūQoin is withheld from the marketplace, the greater the effect of scarcity on the value of TrūQoin. Increased scarcity is accomplished by the Staking Points System, where TrūQoin is held off-market in Staking Wallets through incentive point rewards to keep the TrūQoin off-market, which in turn increases the price through scarcity. The longer, the better, so by increasing the enticement for Staking Points to receive more TrūQoin, the longer TrūQoin is staked.

How we built it

When a mining block of TrūQoin is completed, the mining rewarded TrūQoin is sent to the Miner's "Mining Wallet". This triggers the creation of a Stake-10 and Stake-100 wallet to appear. The miner can move any amount of TrūQoin once for that block to ether or both of these staking wallets. These Staking wallets can be ended at any time, but the longer the TrūQoin is held from block to block, the rewarded Staking-Activity Points we exponentially increase.

Challenges we ran into

The challenge was how to present to the Miner a way of visualizing the progression of points reward over extended blocks, and tracing the points allocation over many many blocks and wallets.

Accomplishments that we're proud of

We are proud to blaze a trail for the DeFi industry to move away from the same old financial system, that is collapsing. We need new more innovations to create abundance for the people.

What we learned

DeFi needs to move beyond the current systems. There are many ways achieve to value creation then making traditional finance. It is much easier to create scarcity by staking coin if there are not billions of coins to deal with.

What's next for TrūQoin DeFi Avalanche Staking

Our DEX "" is under development, when completed will have new staking wallets that will be available for miners as well as non-miners alike. Not being a miner of TrūQoin has some chalenges since they do not directly acquirer mining points, but we should be ready by the next TRON Hackathon.

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