Many Fogata pools contribute a portion of their profits to the Sponsors program. This is a decentralized Koinos contract built to benefit the Koinos community by assisting new applications. By participating in a contributing pool, or by contributing directly, you will receive the Sponsors token, called Vapor.
FAQs
Fogata reads the current mining diffuculty from the Proof of Burn system contract. This difficulty is used along with the total number of claimed Koin to estimate the amount of Koin the pool will generate in one year. Note: The estimated APY will vary over time as the mining difficulty is constantly adjusted.
If you create a pool that meets the requirements (your pool must be linked with a running a block producer), you will be prompted to submit the pool for approval. The approval is handled on-chain, so by submitting, you’re adding your pool address to a queue in a smart contract. A fogata admin will verify the pool is a genuine fogata pool and uploaded to previously-unused address, and has sole discretion to approve or reject the pool. Once approved, it appears on the main list, and can be interacted with.
Pool operations are separated into payment periods. You are always able to collect your share of Koin (and Vapor, if applicable) from the previous payment period. If you do not collect your Koin, it is free to be be converted to VHP after the current payment period concludes. Anyone may trigger this reburn.
Many Fogata pools contribute a portion of their profits to the Sponsors program. This is a decentralized Koinos contract built to benefit the Koinos community by assisting new applications. By participating in a contributing pool, or by contributing directly, you will receive the Sponsors token, called Vapor.