Reward
1. Reward calculation method
The Cyrus Project is a system that allows users to generate electricity through exercise in exchange for CRS tokens. This allows users to improve their health and contribute to the protection of the environment. It also encourages users to engage in a healthy and balanced exercise routine by understanding and respecting the effort required to earn CRS.
Users must exercise for at least the first three minutes (180 seconds) to earn rewards. After that, rewards are added in one-minute increments. For example, 3 minutes of exercise earns 0.15 CRS, 6 minutes earns 0.3 CRS, 60 minutes earns 3 CRS, and 120 minutes earns 6 CRS. Rewards are given for up to 2 hours (120 minutes) per day, after which only electricity is generated.
Users must collect a minimum of 5 CRS before they can transfer them to their wallet. Currently, up to 120Wh of electricity can be generated, and we're working on increasing this to 300Wh in the future. If your workout time is 3 minutes and 59 seconds, you will not be rewarded for 59 seconds.
Cyrus Bike will reward you with 0.15 CRS for reaching 3 minutes of exercise, 0.05 CRS for each minute over 3 minutes of exercise, 3 CRS for 1 hour of exercise, and 6 CRS for 2 hours of exercise. You can generate electricity 24 hours a day. However, you can only generate electricity 24 hours a day.
2. Reward Structure
The reward structure is divided into 10% of the development rewards, 2% of the agency rewards and 8% of the staking rewards. 10% of the development rewards will be used to pay for platform updates and new product development. 2% of the agency rewards will be used to support Cyrus by promoting Cyrus products, and 8% of the staking rewards will be used to reward users who are unable to purchase Cyrus products. Staking is expected to begin in the 4th quarter of 2024.
3. Methods of Reward Utilization
The Cyrus Project's reward system is designed to keep CRS tokens in circulation. Users can use these tokens in several ways. Once accumulated, CRS tokens can be used in several ways. First, tokens can be donated to low-income communities or environmental organizations, providing opportunities to fulfill social responsibility and contribute to environmental protection. Second, CRS tokens can be used at the Cyrus Mall. In the Cyrus Mall, users can purchase residential energy storage systems (ESS) and various accessories, as well as pre-order new products. Users also have the option to donate purchased items.
Through this system, users can maintain their health through exercise while contributing to environmental protection. This method of using rewards ensures that CRS tokens continue to circulate, while providing users with multiple benefits and opportunities to make a social contribution.
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