🛡️ ClaimStorm

The ClaimStorm is a method for distributing Genie tokens. The main game theory is the choice users face when claiming: will they claim their tokens or burn them to enter the Genie Reward Pool?

ClaimStorm Mining

• Mining is available only during the first 10 days. After Day 10, mining ends, the supply is capped, and perpetual auctions begin.

• Miner Cost: Starts at $400 on Day 1 and increases by 5% daily (e.g., $420 on Day 2).

• Mining options:

  • One-day miner (no bonus).

  • 15–30 days delayed gratification, earning additional bonuses.

• Mining Output: Each miner (Day 1) generates 400 Genie tokens.

ClaimStorm Mining Bonus

• Delayed Gratification Bonuses:

  • Bonuses start at 2% for a 15 day delay, increasing by 2% daily, up to a maximum of 32% for a 30 day delay

  • Total output of Genie token is increased based on the bonus percentage.

  • Example: A 30-day miner receives 400 Genie tokens + 32% bonus (528 tokens).

• Bonus Options:

  • One-day miner: No bonus.

  • 15–30 days: Eligible for bonuses.

• Post Day 10: No delayed gratification options when perpetual auctions begin.

Two Ways to Claim Tokens

1. Normal Claim:

   • Receive your tokens as Genie tokens.

2. Burn to enter Genie Reward Pool:

   • Burnt tokens are converted to Magic Points.

   • Magic points determine how much of the Genie Reward Pool the user will receive.

If a user chooses to burn their tokens instead of claiming them, they enter the "Magic Carpet Ride." Here, they gain a share of the Genie Reward Pool, distributed at the next Bitcoin halving. However, the protocol issues Genie tokens daily to tempt users into burning their Magic Points to claim Genie tokens immediately. The core game theory lies in choosing to wait until the Bitcoin halving for the full Genie Reward Pool or cashing out early for Genie tokens.

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The ClaimStorm process is designed to reward early participation while encouraging patience and long-term engagement through the delayed gratification bonus system.

Summary of Key Mechanics

• ClaimStorm Mining: Available for the first 10 days, with a capped supply and perpetual auctions starting afterward. Mining cost begins at $400 and increases by 5% daily.

• Delayed Gratification Bonuses: Earn up to 32% extra tokens for delaying claims for 15–30 days.

• Two Claim Options:

  • Claim as Genie Tokens: Receive tokens directly.

  • Burn for Magic Points: Enter the Genie Reward Pool and earn a share of rewards at the next Bitcoin halving.