It is a new concept that comes with Validator. VALX Token aims to reduce gas fees on Ethereum Mainnet by 90% for ReturnMining Participants. There are 4 options for ReturnMining participation. It is the main innovation available to VALX token holders. Any address on the Ethereum Mainnet holding 3.2 Ethereum worth of VALX (current! 3.2 million VALX) will automatically be deemed to have participated in ReturnMining for as long as it holds the Tokens. The system aims to reimburse the participant for gas fees as VALX.
There are 4 options to become a ReturnMining Participant;
Option 1: VALX token holders; Those who have 3.2 Ethereum worth of VALX (current! 3.2 million VALX) in their Ethereum Mainnet wallet Address are automatically considered to have participated in ReturnMining. They don't need to do anything extra. Each time the VALX holders' gas amount reaches 0.32 Ether, they will automatically receive 0.32 Ethereum worth of VALX (current! 320000VALX) tokens. This process is repeated as long as they hold 3.2 Ethereum worth of VALX (current!3.200.000VALX).
Option 2: Is to Burn Tokens. VALX was created as burnable to power its ecosystem. The participants; can participate in return mining by sending 0.32 Ethereum worth of VALX (current!320000VALX) to the Ethereum Genesis address. Participants; When the amount of gas they spend reaches 0.32 Ether, they will automatically receive 0.64 Ethereum worth of VALX (current!640000VALX) tokens.
How to Burn;
You can perform this Action through Etherscan until Returnmining.org is ready.
Connect To Web3
2.Burn 320000+18 Decimal
The value you entered should look like this;
Write -The- Confirm.
That is all. However, if you have any questions, do not hesitate to send an e-mail to email@example.com
Also; For Developers who want to use HexDATA;
To Contract Address; 0x27c4af9a860c4cadc358005f8b48140b2e434a7b
+ Hex Data;
You can use method.
If necessary for you; FUNCTION TYPE: Burn
Option 3: Is to donate VALX Tokens. Addresses on the support list will be expanded by the community. The teams that work on the development of the Ethereum platform consist of beneficial charities or organizations. ReturnMining participants; Supported organization lists. Those who want to join Return Mining; can participate in ReturnMining by donating VALX worth 0.32 Ether. Participants; When the amount of gas they spend reaches 0.32 Ether, they will automatically receive 0.64 Ethereum worth of VALX (CurrentPrice!640000VALX) tokens.
Option 4: 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).
will be listed here soon. Also, (soon) ReturnMining.org
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.
So why not contact us?
We have a community focused on helping each other, discussing, and communicating! We look forward to your joining us.