As we approach the launch of the Robonomics Network, I would like to clarify the situation with XRT token mining. As WP states, emissions occur in exchange for “burning” ETH. At the same time, emissions at the start will be higher, and then they will decline with every epoch. The initial emission level will be determined by the Dutch auction at the TGE. Nevertheless, @vol4tim has already prepared a DAPP, where it is possible to count the number of XRTs in exchange for ETH and the approximate time for which such an emission can take place.

A few words about the XRT token

Robonomics basic unit is Weiner(Wn). 1 XRT = 10^9 Wn

1 Wn = 1 Gas utilized by Robonomics.

This implies that at a different gas price, 1 ETH will be worth a different number of XRT.

More about XRT token…

Please, do not forget to install Metamask in order to use DAPP.

For the time being the calculator works in the test network Kovan. If you want to use it, you need to enter the amount that you would like to burn in exchange for XRT, as well as the price of GAS. Try different GAS price values, as this setting affects the number of XRT received quite a lot: the lower the GAS price, the more XRT will be obtained. On the other hand, the price of GAS directly affects the possibility of including transactions in the blockchain.

You can see how the GAS price affects the time transactions are included in the blockchain in Table 1. If the network is busy, transactions with a low price of GAS may not get registered in the blockchain at all.

The calculator takes into account the effect of the GAS price on the rate of transaction activation in the blockchain. You can see some calculated examples in Table 2.

So, it turns out that the XRT miner (later we will be referring to him as the provider) will need to catch the “sweet spot”, choose between the number of XRT received and the price of GAS.

With the increase of XRT price, the provider will be able to evaluate the favourable GAS price for the mining.

In our opinion, such an approach will help determine the fair price of the Robonomics token, as well as maintain economic incentives for the participation of providers in the Robonomics Network.

Table 1. Gas tracker (mainnet)

Table 2. Examples of burning with different GAS price.

The calculator also shows some information about the last transaction of emission. You can see txid, the address of the created liability, the amount of gas used, its price and the number of emitted tokens here.