Introducing Ape Mining Club

avatar
(Edited)

I am proud to introduce the Ape Mining Club game built on the Hive blockchain!

Ape Mining Club will launch in around 24 hours from now. Until then, you can acquire APE tokens prior to launch on Hive-Engine.

What is Ape Mining Club?

Ape Mining Club is an idle simulation game that incorporates it's own APE token. You can use APE to purchase mining equipment to increase your share of the daily emission created by each pool.

Each pool has a set daily rate that represents how many APE tokens it issues daily. The community can work together to boost the pool to double the daily emission of a pool.

You can get a share of that daily emission buy purchasing equipment in each pool. When equipment is purchased, rewards are split between current pool owner, APE token holders, and dev team with most of the rewards being burned.


Buying Equipment

You can buy equipment in each pool to allow you to take part in the daily payout in APE tokens. Every time equipment is purchase, the APE used is split 10% to owner, 10% to all APE token holders, 10% to devs, and 70% is burned.


Stealing Ownership

Every pool can be owned by one user. The owner of the pool earns 10% of all APE spent on equipment in that pool. You can steal ownership by burning STEM tokens, the price starts at 1 STEM and will double every time someone steals ownership. At the end of the day the price will be cut in half potentially making it more attractive to other users.


Holding APE

You can earn APE in three ways, by stealing ownership of a pool, owning stake in a pool, and by holding APE tokens in your wallet. A portion of all APE spent to purchase equipment is shared with all APE holders. If you have tokens on the market, they will not count when rewards are equipment is purchased.


Boosting

Every pool can be boosted to increased the effectiveness of the equipment. Filling the boost pool is a community effort and if the threshold is reached before the end of the day, the payout for that day will double. At the end of the day the pool will be reduced by 50%. All STEM used to boost a pool is burned.


Pools

There are currently four pools at launch, with another being introduced in the near future. Each pool has it's own dedicated equipment required to join the pool and it's own boost meter and owner.


Pool Emission

Each day at midnight UTC rewards are calculated and added to your pending claims. If a pool has reached boost status (APE Mode!) the pool will issue 200% the daily emission.


Payout

After pool emission has been calculated and distributed as pending rewards to all users, all pending rewards are paid out on the Hive blockchain immediately after.


Tokenomics

A small portion of APE tokens will be on the market shortly after this post for an initial price of $1 to kick start the game. There is a max supply of 2,500,000 tokens, depending on how the game plays out, this should last around 4 years. If the pools are boosted frequently it could be a little less.

Currently, APE only has use in APE Mining Club but may have a unique integration into future games.


Rules

You can find the list of rules here. You will need a Hive account to participate and there are no transaction fees to play.


Technology

Ape Mining Club is using modern technology to allow for complete real-time experience. No need to hit F5 to refresh or wait for updates. Every aspect of the game is updated in real time (after processed by blockchain).


How to play

The game will be available at https://apemining.club around 24 hours from now. Another announcement will be made when the game is live and open for play.


Join the community!

Hop on our Discord if you want to join the Ape Mining Community. You can also join our Telegram Group but Discord will likely be our primary focus.

Any questions? Just leave a comment below or jump on our Discord or Telegram.

ape_hardhat.png
    Never go full ape!

Posted Using LeoFinance Beta



0
0
0.000
49 comments
avatar

"You can steal ownership by burning STEM tokens, the price starts at 1 STEM and will double every time someone steals ownership."

Miners are GOLD...

untitled.gif

0
0
0.000
avatar

I, uh...

I don't get it? Yeah.

I don't get it.

0
0
0.000
avatar

¯\_(ツ)_/¯

0
0
0.000
avatar

Spend money. Push button?

0
0
0.000
avatar

I am a bit confused but do you have to enter the pool to get rewards? Or do you get APE tokens just for holding APE tokens in your HE wallet?

Posted Using LeoFinance Beta

0
0
0.000
avatar

Buying stem, buying stem i got that part :)

I'm gonna get some much ape tokens to go with the banana tokens i have :)

0
0
0.000
avatar

Banana nana nana nana na na na.

How do I get some of those?

0
0
0.000
avatar

Congratulations @apeminingclub! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You received more than 300 upvotes.
Your next target is to reach 400 upvotes.
You made more than 10 comments.
Your next target is to reach 50 comments.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

0
0
0.000
avatar

Buy miner to share the daily miner awards - is the miner APE token you are referring to? Thanks

0
0
0.000
avatar

Exciting to be a part of this this early on.
Keep on rocking Sugarapes!

!PIZZA

0
0
0.000
avatar

@apeminingclub! I sent you a slice of $PIZZA on behalf of @nyxlabs.

Did you know Pizzabot speaks Spanish if you use the command ESPIZZA? (1/20)

0
0
0.000
avatar

I saw the post before this one where you have announced the game, but seeing the tokenomics and idea, it looks that it could be sustainable... It would be nice to see games where base tokens are not losing value fast...

Good luck!


I have picked this post on behalf of the @OurPick project and it will be highlighted in the next post!

Comment Footer.jpg

0
0
0.000
avatar

Do one have to be a BALLHEAD to play this BS game?

image.png

Ape, YOUR BALLS ARE SHOWING!!

0
0
0.000
avatar

It really looks nice ! Unlinke most of games on Hive it doesn't look like a pre alpha version of a game at the beginning ! It really makes me want to play !

!PIZZA

0
0
0.000
avatar

Need a game like this but an actual game

0
0
0.000
avatar

Never go full ape...

Always go full APE!

This could get really competitive for those pool owner payouts- great way to burn STEM and keep the APE supply managed too with all those built in burns. I like it!
!PIZZA

0
0
0.000
avatar

Do the CPUs that I purchase get deleted after a day? sorry pretty much a newbie here

0
0
0.000
avatar

No, you keep that equipment in the pool for life.

0
0
0.000
avatar

oh snap! pretty cool thanks I am a little lost but this seems cool!

0
0
0.000
avatar

Another game in Hive signed me up.

0
0
0.000
avatar

This game is very attractive. I will do my research and plan action to be part of the community.

0
0
0.000
avatar
(Edited)

I've been playing with this for a couple of days now and I'm digging it, so no complaints, but I do have a question...

Ever since the 3Spk team announced their plans for the LARANYX token and the S.I.P., which I don't recall the term for, I don't understand why token burns are still being implemented and promoted.

It seems using those funds to lock up liquidity is a far better use for them. Would you care to share why you chose to burn and discuss if a restructuring would be possible and appropriate in the future?

Also, are the number of miners, clouds, gpus, and asics limited in supply or infinite? When we buy them do we actually own them and can sell them if we want?

0
0
0.000
avatar

Ever since the 3Spk team announced their plans for the LARANYX token and the S.I.P., which I don't recall the term for, I don't understand why token burns are still being implemented and promoted.

Why wouldn't they? Putting the tokens in an account and locking it away without a key is no different, just a different line item on the token supply. In the end it is pretty much the same thing, just using null instead of some other account. With burning they are removed from the supply, with locking it away they are not.

It seems using those funds to lock up liquidity is a far better use for them.

Providing liquidity goes completely against the idea behind the game and the token.

Also, are the number of miners, clouds, gpus, and asics limited in supply or infinite?

Infinite, provided there is APE to purchase them.

When we buy them do we actually own them and can sell them if we want?

They are non-transferable and locked in the pool you stake into.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Providing liquidity goes completely against the idea behind the game and the token.

I had follow up questions but this part informed me I don’t know enough about this to participate in this conversation yet. Thanks for sending me back to square one. 😁

0
0
0.000