Rewards and Cashback: OBT holders are entitled to benefits, including discounts, cashback rewards, and loyalty points. Through strategic partnerships with merchants and service providers, Oobit incentivizes the adoption and usage of OBT by offering exclusive benefits to token holders. Users who Tap & Pay using OBT in the Oobit app also receive immediate cashback, making OBT not only a means of payment but also a valuable asset for frequent users.
The $OBT Holders Reward mechanism is designed to encourage users to use their OBT tokens for payments, with rewards calculated based on the $OBT usgae and the holding period. The function can be expressed as:
$OBT Reward = P x (Amount Spent) x (Holding Duration)
P is a base payout rate, determining the initial reward coefficient for $OBT Holders Reward.
Amount Spent is the total number of OBT tokens that the participant has spent.
Holding Duration is the length of time, typically in days, that tokens are locked in the contract.
α and β are weighting factors that adjust the influence of the amount staked and the holding duration on the final rewards, respectively. Setting α>1 emphasizes the amount of OBT spent, while β>1 gives more weight to the duration of holding.
