Satisfi Buy-Back Protocol, A.K.A. SBB Protocol 👍, is SatisFi’s unique Buy-Back mechanism to incentivize holders with better advantage as well as to deflate SAT circulation effectively.
Epoch Duration: 6 hours Apply Fee: 5 SAT Lock-up: 2 Epochs (6~12 hours) ✅ EX) An applicant during epoch 1 will be locked until the end of epoch 2.
Buy-back Reward Explained
After lock-up period passes, each applicants (wallets) will be randomly selected and applied amount will be bought back. Random selection counts on each apply. (one wallet with 10 applies has 10 odds to be selected)
In case the selected wallet applied less than current buy-back amount, the smart-contract draws another raffle and select another wallet to buy-back. It happens until the current epoch’s buy-back amount drains.
In case the selected wallet applied more than current buy-back amount, only current amount will be bought back and the rest SAT will be returned to the participant.
1st applicant (wallet) on each epoch will be rewarded with buy-back 1 SAT @ current epoch’s buy-back price for gas fee compensation. ✅ At least 6.021 SAT needs to be applied to get Igniter Compensation considering Apply Fee (5 SAT) and 2% transfer tax.
Apply the amount of SAT you want to stake for Buy-Back.
Apply at least 11 SAT or above considering the Apply fee
In case you win, you can see BUSD amount on ‘Rewarded’ section. You can withdraw anytime and enjoy high ROI on SAT.
In case you miss the chance, you can ‘Re-apply’ or ‘Withdraw’ your SAT
Re-apply doesn’t cost entrance fee redundantly
You can apply with additional SAT repeatedly even before 2 epochs pass.
2% transfer tax is also applied when apply or withdraw SAT.