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.
Never go full ape!
Posted Using LeoFinance Beta
I, uh...
I don't get it? Yeah.
I don't get it.
Oklahoma!
¯\_(ツ)_/¯
Spend money. Push button?
Just like a coke machine.
I'm not good at coke machines.
more the pepsi type?
Does this game have Dr. Pepper?
Lol, I don't get it😂
Buying stem, buying stem i got that part :)
I'm gonna get some much ape tokens to go with the banana tokens i have :)
Banana nana nana nana na na na.
How do I get some of those?
Great, it looks like it might get nasty! !PIZZA
@apeminingclub! I sent you a slice of $PIZZA on behalf of @stickupboys.
Did you know you can earn $VFT through the PIZZA farm? (1/20)
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
@apeminingclub! I sent you a slice of $PIZZA on behalf of @ykretz.
Have you voted for Pizza teams Hive witness (pizza.witness)? (3/10)
This game is very attractive. I will do my research and plan action to be part of the community.
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
@apeminingclub! I sent you a slice of $PIZZA on behalf of @dibblers.dabs.
Have you voted for Pizza teams Hive witness (pizza.witness)? (9/20)
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!
It's Time.
"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...
So it seems!
Posted Using LeoFinance Beta
So I'm assuming the STEM has to be liquid? Or can you use staked STEM to pay for things?
Posted Using LeoFinance Beta
Correct, you can only use liquid STEM.
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
You can earn rewards by holding APE on your account.
You also can earn rewards by spending APE to buy equipment.
Posted Using LeoFinance Beta
Is there any minimum to how much we need to hold? I think I might just HODL them in my Wallet and see how things go.
Posted Using LeoFinance Beta
No
Posted Using LeoFinance Beta
Buy miner to share the daily miner awards - is the miner APE token you are referring to? Thanks
Exciting to be a part of this this early on.
Keep on rocking Sugarapes!
!PIZZA
@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)
Do the CPUs that I purchase get deleted after a day? sorry pretty much a newbie here
No, you keep that equipment in the pool for life.
oh snap! pretty cool thanks I am a little lost but this seems cool!
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STOPTo support your work, I also upvoted your post!
ok, I will wait!
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Another game in Hive signed me up.
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?
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.
Providing liquidity goes completely against the idea behind the game and the token.
Infinite, provided there is APE to purchase them.
They are non-transferable and locked in the pool you stake into.
Posted Using LeoFinance Beta
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. 😁
How i can buy stems so i can buy a cpu etc ?
Posted Using LeoFinance Beta
You only need STEM to own a pool. To buy equipment you would use APE and you can find it on: