RETURN MINING

• Return Mining, For VALX token users;

 It is a new concept that comes with Validator.

VALX Token aims to reduce gas fees on Ethereum Mainnet by 90% for ReturnMining Participants.

The system aims to reimburse the participant for gas fees as VALX. 

ReturnMining Beta Phase is complete.  

ReturnMining accumulated participant shares were distributed.  

ReturnMining is paused until 09/09/2022.

How to Start ReturnMining?

ReturnMining is active for you when you hold 3,200,000 VALX in your Ethereum Mainnet wallet. ReturnMining calculation starts with the transaction 3,200,000 VALX is in your wallet. 

ReturnMining covers the gas fees you spend on all your transactions on the Ethereum Mainnet.

ReturnMining fee request during beta phase;

To claim the accumulated fee, you must have been holding 3,200,000 VALX for at least one week.

To claim your VALX to your wallet, you need to send 32000 VALX to returnmining.eth

( 0xd92ab7e63a55dceb14280f4bb4cc0e2ffa95eea8 )

Also, if you hold 32,000,000 or more VALX on the Ethereum Mainnet, you can claim your accumulated VALX tokens from different networks.

Demand amounts;

Arbitrum; 32000 VALX

BSC; 32000 VALX

polygon; 32000 VALX 

Important; Only participants holding 32,000,000 VALX on Ethereum Mainnet can benefit from requests on different networks. If you have 3,200,000 VALX, you can only request via Ethereum Mainnet.

Some requirements for the ReturnMining beta version;

A one-week time limit is, required between your first and second requests. 

If you request earlier, the week is expected to expire.

You cannot mine more than the amount of VALX in your wallet.

In such a case, you will receive VALX equivalent to the amount in your wallet at most.

* (You must keep a minimum of 3.200.000 VALX in your wallet during the ReturnMining period.) 

You can also participate in ReturnMining by burning VALX or by donating VALX

Important; Donation and Burn support for ReturnMining in Beta is minimal.

Unfortunately, it doesn't offer many + returns for now.

It also requires holding Extra VALX token.

Starting ReturnMining by burning VALX;

VALX was created as combustible to power its ecosystem.

It is for participants who want to burn tokens and reduce the supply.

For ReturnMining;The amount of combustion is the constant 320000 VALX.

The burning reward is the 3200 VALX constant.Total repayment is 323200 VALX.

Burn support will be, increased once the beta phase is complete.

Participants; Ethereum Genesis or to => 0x3232323232323232323232323232323232323232;

He can participate in return mining by sending 320000 VALX.

Participants; When the amount of gas they spend reaches 0.32 Ether,

they will automatically receive 323200 VALX tokens.

To get back the amount they burned, they need to be 3,200,000 VALX holders.

They do not need to demand; Tokens are sent to their wallet when the terms are met.

They contribute to reducing the total supply.

Starting ReturnMining by donating VALX;

Addresses on the support list; will be expanded by the community.

Teams working on the development of the Ethereum platform 

consist of worthwhile charities or organizations.

To start ReturnMining by donating;

The donation amount starts with 320001 VALX.

Each added organization is named with a VALX value of +1.

NotThe donation number of the organization you support is the last digit of the VALX amount you donate. Soon as your donations are bound to the Contract, they will be locked for 3 months and sent after. If you want to donate directly, it is fixed at 320000. 

The donation reward is the 3200 VALX constant.Total repayment is 323200 VALX.

Donation support will be increased when the beta phase is completed.

Participants can join ReturnMining by donating 320001 VALX to organizations supported by the VALX community.

Participants; When the amount of gas they spend reaches 0.32 Ether,

they will automatically receive 323200 VALX tokens.

Important; They must be 32,000,000 VALX holders to get their donation back.

They do not need to demand; Tokens are sent to their wallet when the terms are met.

To the donors, allows donating the same amount again as you present.

If you can't find the organization you are looking for to donate to, 

you can submit it to a governance vote for inclusion.

ReturnMining features to be added in the future; Is to lock the Tokens! Attention; If you are not constantly consuming gas, it may not be beneficial for you. Although this option may seem unnecessary and high amount for the majority, it will be shaped and developed according to the innovations that will be useful after the transition to the pos system (Ethreum 2.0).  

Soon you will be able to transact via Independent community tools and web3 links. Thank you very much for your support during the maturation phase of the project.

NOT:  VALX is not a stable coin! its value increases or decreases!

Its calculation in ReturnMining is a minimum constant of 0.000001 ETH.

 Even if the VALX Value is low, ReturnMining is calculated from 0.000001.

There is no maximum value limitation.

Can I join all of them?

You can join multiple layers. Payments are calculated separately for each.

Return Mining Why doesn’t it cover all charities?

Smart contracts and protocols to be created for Return Mining must follow Return Mining participant addresses. For Return Mining; Addresses of charities proposed, requested by the Community, will continue to be added.

What will happen when Ethereum switches to the POS System? 

Although it seems like a temporary solution, VALX Users still pay 90% less gas. Also, VALX is a token that offers governance. At this point, the Project can go a little further! The community can make a different request when the pulp is passed. Like offering 100% of POS fees to Users! When the VALX token passes to Ethereum POS, it can be able to pay back all of its POS fees to its users. In such a case, the amount Burned could be 0.02 Ether worth of VALX When the amount of gas spent by the user reaches 0.18 Ether, he receives 0.2 ether value VALX. Or alternative developments approved by the community.

What are claim fees for, and what are they used for?

Claims fees are available to process your returns.

In addition, these fees will be burned or donated directly when the Beta phase is completed. 

Claim fees are subject to change through management voting. 

Anyone who owns 320000 VALX can send an offer to the management. 

Claim fees can be reduced or increased. It can be removed if the community wishes.

I made a request, but it didn't come to my wallet?

During the Return Mining Beta phase, your requests are usually processed instantly.

Additionally, in some cases value support protection and some cases;

Your requests may experience a delay of up to 32 hours.