__________________________________________________________________________________ PROTOCOL MECHANICS Auction House Introduction The Auction House is a central feature of the Tru2X protocol, serving as the primary mechanism through which users can acquire PLS coins(or other tokens in the future). This system is designed to ensure a fair and equitable distribution of tokens based on user participation. Participating in the Auction House 1. Depositing PLS Coins: To participate, users first need to deposit PLS coins into the Auction House. This will be done through a user-friendly interface provided by the Tru2X platform. The process involves selecting the amount of PLS to deposit(a cap of 55,555,555 million PLS per miner; see Caps ) and confirming the transaction within the user's wallet. 2. Daily Mining Cycle: The Auction House operates on a daily cycle. A predetermined amount of shares is allocated to the Auction House daily. The number of shares available each day is fixed and publicly known, as part of the protocol's transparent operations, capped at 1,000,000. 3. Determining Miner Distribution: The amount of miners that a participant can claim depends on their proportionate contribution to the total PLS coins deposited in the Auction House for that day. For instance, if a user contributes 10% of the total PLS coins deposited on a given day, they would be eligible to claim 10% of the miner's allocated yield that day, but as a total sum of all previous miners' proportional allocation in the group. Caps for miners 1. Reasoning: The reason miners will have a capped amount of PLS associated with them is to prevent large participants from filling up a daily Auction House lobby easily with excess PLS and thus causing all of the same-day users and following-day users to experience overly extended ROI to 2X. 2. Each miner will have a maximum of 55,555,555 million PLS associated with it. 3. A wallet can have a maximum number of 500 miners.
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