LAVA Pools
Pools will be used for LAVA distribution. The pools will collect LAVA constantly and distribute the rewards on a weekly basis.
The $LAVA transaction fees will be distributed as follows:
50% of the fees will be available as a reward for Cronus Nodes and Elysium Forges
10% of the $LAVA will be divided between the Demeter Nodes.
10% of the $LAVA will be used to fill up the Vulcan Forged gaming pools (for non-Frenzy pass holders).
10% of the $LAVA is donated to the Elysium ecological & environmental pool.
20% is burned.
The marketplace royalty fees will be distributed as follows:
40% will be distributed as rewards for nodes (the Magma Protocol will be used to convert tokens paid into PYR)
50% will be distributed to the foundation treasury (the Magma Protocol will be used to convert tokens paid into PYR).
10% will be donated to the Elysium ecological & environmental pool
The LAVA sowing fees will be distributed as follows:
20% of the LAVA will be burned.
80% of the fees will be available as a reward for Cronus Nodes and Elysium Forges
Cronus Node Rewards
Cronus node holders will be rewarded for keeping the Elysium blockchain secure through transaction fees, royalty fees, and sowing fees. The Cronus node will receive a bonus on top of the base generation amount because there are costs to keep the node online and secure.
All Cronus node holders will receive part of the sowing costs, LAVA gas fees on Elysium, and the royalty fees. Cronus node holders can participate in the God Pool and NFT Pool. Please check the ‘rewards for nodes’ section at the top of this article for specifications regarding the rewards.
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