UI POB FAQ

1. What is UI POB (Aggregation & Burn)?

Aggregation & Burn is a consensus mechanism where participants voluntarily "burn" or destroy a portion of their tokens to obtain a new method for minting UIIC ecological equity value.

2. How does POB work?

Participants transfer the tokens to be destroyed to the 0x000...00dead black hole address. Tokens sent to this address cannot be retrieved or reversed. UI POB is an algorithm that captures the hash generated when a token is transferred to the black hole and destroyed, using it to calculate the contribution value.

3. Is the POB mechanism safe?

Yes, UI POB's DApp is considered safer relative to others. It leverages blockchain technology without relying on a database or server, facilitating pure on-chain smart contract interactions. The DApp serves merely as a display portal, with no server responsibilities for data storage or processing functions. As long as there is a server capable of scanning UI POB data, it can support the normal operation of the UI POB DApp. This ensures data integrity is verifiable and tamper-proof, providing a safe and transparent environment.

4. How do we prove that UI POB DApp does not have database operations?

  • The UI POB DApp lacks a database, thus it cannot record or store aggregated destruction and equity output data. On-chain data is accessible solely through the OP BNB blockchain browser at https://opbnbscan.comarrow-up-right. All data retrieved pertain to contract addresses, not individual wallet addresses. Each wallet's DApp data is stored independently, with equity computing power data residing in the contract list of the respective address, exemplifying on-chain storage behavior.

  • Before aggregation, unconfirmed rights and interests must be collected. Failing to do so will refresh the address's list form with the new aggregated value data, erasing existing rights and interests. This underscores the independent storage of DApp data per wallet address, as opposed to centralized server storage.

Normally, the wallet automatically binds to the first wallet linked upon connection to the DApp. Switching to a second wallet address without first disconnecting can refresh the registration due to the first wallet address remaining linked. This results in a registration link error. Users are advised to verify that the wallet link address in the upper right corner matches the intended wallet before proceeding with operations.

6. What impact does Token price fluctuation have on POB?

POB employs real-time oracle capture technology to base calculations on the LP price at the moment a token transfer to the black hole is successful. Consequently, POB is influenced by token price fluctuations. A higher token price yields greater equity computing power for an equivalent amount of burned tokens, and vice versa. Users are recommended to prepare additional tokens for burning during aggregation to mitigate the effects of price volatility.

7. Why is the GAS cost too high when confirming computing rights?

All contract interactions within UI POB are executed automatically on the chain, necessitating gas consumption for calculations. Extensive calculations lead to higher gas fees, a characteristic inherent to smart contract interactions. Users are encouraged to utilize wallets that do not impose additional service fees, as gas costs are minimal under the OP BNB network, a key factor in UI POB's deployment choice.

8. Where does the 20% go when confirming the equity output?

This output portion is directly burned and added to the token value in the aggregation column. The value of this token portion is determined using the real-time quantity of UIC, with price changes dynamically calculated via on-chain Oracle functionality. Thus, the 20% burned UIC quantity garners a higher aggregate token value as the UIC price increases, reducing aggregate costs.

9. Why is 20% deducted when withdrawing from the DApp wallet?

The POB built-in wallet differentiates between direct and accelerated equity. Direct equity is deducted and added to the token value upon confirmation. Accelerated equity is not deducted upfront, hence a 20% deduction is applied during withdrawal, transferring it to the token aggregation value.

10. Why is accelerated equity not settled in real-time?

UI POB operates purely on-chain, devoid of centralized servers or databases. Accelerated rights and interests outputs are triggered only upon wallet address confirmation, with real-time settlement and execution via the contract on the chain.

11. Where do the UICs burned by clicking on the built-in wallet of UI POB DApp go?

UICs burned via the DApp built-in wallet are sent directly to the black hole. This action, along with the UIC destruction value, is recorded in the aggregation column. Clicking on the UIC aggregation value details reveals the burned amount, which fluctuates with UIC price changes. (All UIC transaction paths can be traced on the OP BNB blockchain browser)

12. Where does the 3% UIC deducted when withdrawing equity to the wallet address go?

This UIC portion is allocated to each wallet address based on a weighted average, utilizing virtual machine mapping technology that considers the proportion of UIC holdings across the network.

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