Platform Fee

Few and Far collects a basic sales fee of 2% (in NEAR) on all NFT sales. FAR token stakers earn 100% of the trading fees on Few and Far.

All the NEAR collected from these fees are consolidated at the end of each period (roughly 24 hours) and then distributed to FAR stakers in a linear format per every 24 hour period.

Active and Passive Staking​

The rewards for each day are calculated at the end of the previous period and then split between Active and Passive stakers before they're distributed.

The main difference between Active and Passive stakers is that FAR in passive staking do NOT earn additional FAR while staked.

Active stakers will be the majority of stakers, whose staked FAR tokens are fully unlocked.

Passive stakers will be stakers whose FAR tokens are locked for trading but unlocked for staking: namely Team, Treasury and Strategic sale tokens (which unlock over time).

At the start of each daily period, a portion of the NEAR fees collected from the previous dayare sent to the Passive Staking address . The amount is calculated as:

$$\frac{a}{b}\times{c}ba​×c$$

• a = Total amount of FAR staked passively at start of period

• b = Total amount of FAR staked at start of period (passive + active)

• c = Amount of NEAR fees from previous day.

The remaining FAR is then sent to the Active Staking Pool.

NEAR fee distribution for Active FAR Stakers​

For each 24 hour period, the amount of NEAR rewards to be distributed in each hour to active stakers is calculated by: or each day, the amount of NEAR rewards to be distributed in each hour to active stakers is calculated by:

$$\frac{\text{Total NEAR collected as fees in the prior 24 hour period}}{24 hours}$$

Each user’s amount of staked FAR at each hour is then compared against the total amount of FAR staked at each period, with this being done at the end of each day to calculate the total amount of FAR rewards.

Example

• Assume Few and Far processes 10,000 NEAR of non-private sale volume in the first day after launch, collecting total fees of 200 NEAR.

• At day #1, User A stakes 10,000 FAR in preparation to start earning NEAR at day #2.

• At day #2, therefore:

  • The amount of passive tokens staked is 10% of the total amount of tokens staked, meaning 20 NEAR is sent to the passive staking address.

  • The remaining 180 NEAR is put into the active FAR staking pool, with 0.027692 NEAR to be earned per every 24 hours (180 / 24).

  • The total amount of FAR staked from ALL users is 1,000,000 FAR.

  • This means that User A will be allocated: $\frac{0,000}{1,000,000}\times{0.027692} = 0.000276921,000,00010,000​×0.027692=0.000276922$ NEAR at day #2.
• At day #3, therefore:

  • Assuming User A’s stake does not change, but the total amount of FAR staked from all users increases to 1,500,000 FAR, then User A will be allocated: $\frac{10,000}{1,500,000}\times{0.027692} = 0.000186411,500,00010,000​×0.027692=0.00018641$ NEAR at day #3.
• This calculation each day will then continue for another 22 hours (since our example covers a 24 hour period), with 0.027692 NEAR as the amount to be earned per day.

• The NEAR fees generated from trades on the Few and Far platform in the 24-hour period between day #2 and day #4 will then be used as the rewards to be distributed linearly over the next period, which will be from day #5 and #10.