Here you can see a summary and simplification of the BeFaster.fit protocol without the distinction between crypto income and FIAT income.
What is essential is that all revenues are converted into crypto. 50% of this is added to the staking pool. BFHT holders can participate in this 50% by staking their BFHT. 50% remains with the company BeFaster.fit ltd. and is distributed proportionally to the BeFasterFriends and the ranking list.
BeFaster.fit has no influence on the amount of the total staked BFHT. BeFaster.fit also has no direct influence on the amount of sales generated. The price of the BFHT is regulated solely by the open market.
Total Sales BeFaster.fit
WHAT MIGHT INTEREST YOU AS AN INVESTOR
1. WHAT IS THE BFHT?
BeFasterHolderToken. All holders have the opportunity to stake their BFHT and thus participate in the staking pool, which is fed with 50% of the company’s sales. The BFHT is thus a calculation unit for the amount of your participation. It results from the ratio of your personal staked BFHT to the total number of staked BFHT and the amount of the corresponding distributions to be distributed.
Top rankings are rewarded with 5% of the turnover plus 50% from the BeFasterFriendsPOT. The payout is made in BFHT.
The revenue share of the referrals (BeFasterFriends) is paid in BFHT.
All wallets and transactions are recorded in the blockchain, distributed via smart contracts and can be tracked securely and transparently. The BFHT is the reward token, not the InApp Token PAID, which you receive for the kilometres you cover. . The number of tokens is limited. New tokens will no longer be generated. Holders receive special discounts and offers as well as exclusive VIP functions in the app.
2. WHAT ARE THE MONETARY FUNCTIONS OF THE BFHT?
The following possibilities exist:
1. participation in the staking pool for staked BFHTs
2. tradability of the BFHT on exchanges
3. multi-currency option
4. stake the BFHT for a longer period and receive up to 10% APR
5. access to exclusive features within the app. what are the monetary functions of the BFHT?
3. HOW ARE THE REWARDS DISTRIBUTED?
The revenues generated by the company are split 50/50 between the Staking Pool and BeFaster.fit. These revenues can be generated through fiat revenues and cryptocurrency revenues. Each holder has the possibility to stake his BFHT and thus participate in the staking pool. According to the BeFaster.fit Multi Currency Option, the participation in the staking pool can take place in several cryptocurrencies. The selection is not permanently binding, but can be changed at any time. The distribution in BFHT is free of charge. If another cryptocurrency is selected, a fee will be charged in the respective currency. The cryptocurrency of choice is purchased from the market and transferred to the holder via a smart contract.
4. HOW IS REVENUE GENERATED?
BeFaster.fit revenue is generated through InAPP purchases, such as the sale of VIP packages, skins, numerous training plans, add-ons etc. This also includes the sale of gadgets and merchandising items. Another source of income are the challenges, for which a fee is due.
5. WHAT IS THE RATIO OF MY BFHT TO THE TOTAL DISTRIBUTION?
There are a total of 297,702,612 BFHT. Depending on how many BFHT you and other holders have staked, the amount of the personal transfer from the staking pool is also calculated. All factors can and do vary. You can not get from BeFaster.fit
6. WHEN WILL THE DISTRIBUTION BE MADE?
Distributions from crypto revenues are made to the staking pool and then to the BFHT holders on a daily basis.
The revenues generated from fiat revenues, i.e. those that are processed via Google, are distributed to the staking pool once a month and then to the staked BFHT.
7. HOW IS THE DISTRIBUTION DONE?
The distribution is blockchain-based and via smart contracts. The staking pool stake is only distributed to the staked BFHT. To receive them in your wallet, you need to claim them. Before claiming, you can choose a cryptocurrency according to the multi-currency option. The cryptocurrency of your choice is then bought from the market and transferred to your wallet.
8. DO I NEED TO HAVE A CRYPTO WALLET? WHICH WALLET?
Yes! In order to hold BFHT, to be able to stake them and to receive your payout from the staking pool, you must have a BinanceSmartChain-enabled cryptowallet. A transfer to a regular bank account is excluded. The most common providers are MetaMask and TrustWallet. No guarantee – it’s your decision, please inform yourself carefully.
Recommendation: Never leave your tokens on an exchange for a long time.
9. WHAT ARE THE RISKS?
The main risk is that the DApp will not be accepted as quickly as expected by the world’s runners and that the number of users will not grow as quickly. However, a strong online and market presence by involving global players is the solution. There are general risks, such as losing the private key to access the wallet. In this case, BeFaster.fit cannot be held responsible for the loss. Read about the risks in full in the GTC.
10. DO I HAVE TO STAKE MY BFHT AND HOW DOES IT WORK?
Yes, in order to receive a payout from the Staking Pool you need to Stake your tokens. With the BeFaster.fit DeFi Staking Protocol, staking gives you the opportunity to stake for a longer period of time and earn additional Staking Rewards.
11. HOW DOES THE "LONG TERM STAKING" WORK?
Stake your BFHT for a period of between 14 days and 2 years. Receive up to 10% APR for this. The Staking Rewards are paid out daily. Only the not compound option is offered, which means that the Staking Rewards are not automatically staked. This gives you complete flexibility to decide what to do with your Staking Rewards. You can sell them or stack them on top.
12. WHAT HAPPENS IF I UNSTAKE MY BFHT PREMATURELY?
For premature unstaking a penalty of 10% is due. This affects the staked BFHT, as well as the so far distributed rewards for the respective staking period.
13. HOW DOES THE STAKING POOL WORK?
If and when sales are generated, the staking pool is fed with 50%. A blockchain query is used to determine the total amount of staked BFHT and personal BFHT. The transfer takes place in the cryptocurrency of choice.
All “penalties” for early unstaking go Smart Contract – based back into the BFHT pool, which distributes the Staking Rewards. The BFHT – Staking Rewards Pool is fed with 50% of the company’s turnover and receives its payout in BFHT (Multi Currency Option) like a holder. As a result, it fills itself up again and again. However, if it is used up at any time, the service is closed and only the “1st status” staking applies.
14. IN WHICH CURRENCY WILL THE STAKING POOL DISTRIBUTION BE CLAIMED?
With our innovative multi-currency system, you can decide in which cryptocurrency you want to receive your payout. We offer the Major Coins. Your decision is not permanently binding. You can decide again before each new claim of your distribution.
If you decide for a distribution in BFHT, the distribution will be free of charge. If you decide to use another major coin, a fee of 5% will be charged.
4 Vincenzo Dimech Road
Floriana FRN 1504, Malta
Copyright © BeFaster.fit 2022 / All rights reserved