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gitbook-64: page descriptions
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xuelink authored and gitbook-bot committed Apr 29, 2024
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4 changes: 4 additions & 0 deletions token/README.md
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---
description: >-
A comprehensive guide to understanding the LangX Token, its purpose, how it
works, and the benefits it offers to the users of the language-exchange
platform.
cover: ../.gitbook/assets/site-preview.png
coverY: 0
---
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6 changes: 6 additions & 0 deletions token/distibution/README.md
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---
description: >-
Detailed explanation of how the LangX Token distribution system works,
including eligibility criteria, calculation formula, and anti-abuse measures.
---

# 📊 Distribution

## Token Distribution
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8 changes: 7 additions & 1 deletion token/distibution/example.md
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---
description: >-
A detailed example illustrating how the daily token distribution works, using
a step-by-step breakdown of the calculation formula.
---

# 💡 Example

## Example for Daily Distribution
Expand All @@ -6,7 +12,7 @@ To understand the distribution of one-time bonuses for referred friends based on

### **Formula**

The [formula](../../langx-token/token/distibution/#formula) for the daily bonus distribution factors in user engagement metrics like message counts, online duration, activity streaks, and badge bonuses to compute a Baseamount. This determines a user's share of daily tokens, ensuring fair and proportional rewards. It incentivizes meaningful participation, fostering a vibrant and engaged community by basing rewards on the value contributed to the platform. 
The [formula](../../langx-token/token/distibution/#formula) for the daily bonus distribution factors in user engagement metrics like message counts, online duration, activity streaks, and badge bonuses to compute a Baseamount. This determines a user's share of daily tokens, ensuring fair and proportional rewards. It incentivizes meaningful participation, fostering a vibrant and engaged community by basing rewards on the value contributed to the platform.

`Baseamount = (Image-Messages * 200 + Voice-Messages * 100 + Text-Messages * 10) * (Online-Time / 120) * (Streak / 10) * Badges-Bonus`

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6 changes: 6 additions & 0 deletions token/langx-nft.md
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---
description: >-
An introduction to LangX NFTs, how they work, how to earn them, and the
benefits they offer to the community members.
---

# 🎨 LangX NFT

## Earning Badges as NFTs
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47 changes: 28 additions & 19 deletions token/staking.md
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# 🔒 Staking
---
description: >-
An in-depth guide to understanding staking in the crypto space, how it works,
its benefits, and the risks involved.
---

### Staking
# 🔒 Staking

Let’s delve into the world of staking in the crypto space. Staking is a fascinating concept that allows you to earn passive income with your digital assets. Here’s what you need to know.

1. **What Is Staking?**
* **Staking** involves locking up your crypto coins to participate in maintaining the security and operation of a blockchain network.
* In return for your participation, you earn **rewards** denominated in the native cryptocurrency of that network.
* Think of it as the crypto equivalent of putting money in a high-yield savings account.
2. **How Does Staking Work?**
* Staking is only possible via the **proof-of-stake (PoS)** consensus mechanism.
* PoS is used by certain blockchains to select honest participants (known as **validators** or **stakers**) and verify new blocks of data added to the network.
* Validators are required to purchase and lock away a certain amount of tokens (their “stake”) to participate.
* By having “skin in the game,” validators ensure they act honestly for the network’s benefit.
* Rewards are distributed to validators based on their stake, with higher stakes increasing the chances of proposing new blocks.
* Validators can also run **staking pools**, where they raise funds from other token holders through delegation.
* Delegators participate by entrusting their coins to stake pool operators who handle the validation process.
* Validators can be penalized for minor breaches, such as going offline for extended periods (a process known as “slashing”).
3. **Why Stake?**
* Staking allows you to earn rewards without actively trading your coins.
* The returns from staking are often much higher than traditional bank interest rates.
* Popular staking tokens include **Ethereum**, **Tezos**, **Cosmos**, **Solana**, and **LangX**.
## **What Is Staking?**

* **Staking** involves locking up your crypto coins to participate in maintaining the security and operation of a blockchain network.
* In return for your participation, you earn **rewards** denominated in the native cryptocurrency of that network.
* Think of it as the crypto equivalent of putting money in a high-yield savings account.

## **How Does Staking Work?**

* Staking is only possible via the **proof-of-stake (PoS)** consensus mechanism.
* PoS is used by certain blockchains to select honest participants (known as **validators** or **stakers**) and verify new blocks of data added to the network.
* Validators are required to purchase and lock away a certain amount of tokens (their “stake”) to participate.
* By having “skin in the game,” validators ensure they act honestly for the network’s benefit.
* Rewards are distributed to validators based on their stake, with higher stakes increasing the chances of proposing new blocks.
* Validators can also run **staking pools**, where they raise funds from other token holders through delegation.
* Delegators participate by entrusting their coins to stake pool operators who handle the validation process.
* Validators can be penalized for minor breaches, such as going offline for extended periods (a process known as “slashing”).

## **Why Stake?**

* Staking allows you to earn rewards without actively trading your coins.
* The returns from staking are often much higher than traditional bank interest rates.
* Popular staking tokens include **Ethereum**, **Tezos**, **Cosmos**, **Solana**, and **LangX**.

Remember that staking involves unique risks, so always do your research and understand the specifics of each blockchain before participating. Happy staking! 🚀
17 changes: 12 additions & 5 deletions token/trading.md
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---
description: >-
A comprehensive guide to trading the LangX Token, including understanding its
purpose, preparing for decentralized exchange trading, and tips for successful
trading.
---

# 🔁 Trading

## Trading the LangX Token
Expand All @@ -6,9 +13,9 @@ Welcome to the essential guide on trading the LangX Token, a novel asset in the

### Understanding LangX Token

Before diving into trading, it's vital to get familiar with what the LangX Token stands for in its blockchain ecosystem. The LangX Token is geared towards enhancing transactions, enabling efficient, secure, and cost-effective exchanges within its network.
Before diving into trading, it's vital to get familiar with what the LangX Token stands for in its blockchain ecosystem. The [LangX Token](broken-reference) is geared towards enhancing transactions, enabling efficient, secure, and cost-effective exchanges within its network.

### Where to Trade LangX Token
## Where to Trade LangX Token

Currently, the LangX Token is not listed on traditional cryptocurrency exchanges. Instead, plans are underway to introduce liquidity on decentralized exchanges (DEX) in the future. This approach prioritizes security and accessibility, allowing for direct peer-to-peer transactions without intermediary control.

Expand All @@ -20,21 +27,21 @@ To prepare for trading LangX Token on a DEX, consider the following steps:
2. **Set Up a Cryptocurrency Wallet:** You'll need a wallet that supports LangX Token and interacts with DEX platforms. Ensure it's secure and compatible.
3. **Understand Smart Contracts:** Trading on a DEX often involves interacting with smart contracts. Familiarize yourself with these to ensure smooth transactions.

### How to Trade LangX Token
## How to Trade LangX Token

Once LangX Token is available on DEX, follow these general steps to start trading:

1. **Connect Your Wallet:** Access the DEX platform and connect your digital wallet.
2. **Swap Tokens:** Select LangX Token and the cryptocurrency you wish to exchange it with. Confirm the transaction details.
3. **Confirm the Transaction:** Execute the swap and confirm the transaction in your wallet. Fees will apply, so review these in advance.

### Tips for Successful Trading
## Tips for Successful Trading

* **Stay Updated:** Keep abreast of the latest developments regarding LangX Token and its listing on DEX platforms.
* **Risk Management:** Only trade with what you can afford to lose and consider strategies to mitigate losses.
* **Portfolio Diversification:** Don't put all your resources in one asset. Diversifying can help manage risk effectively.

### Concluding Remarks
## Concluding Remarks

Trading LangX Token comes with its set of challenges and opportunities. The landscape is volatile, and prices can significantly shift in a short period. However, armed with proper knowledge and strategic planning, trading LangX Token could be a rewarding venture.

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7 changes: 7 additions & 0 deletions token/utility.md
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---
description: >-
An exploration of the various uses of LangX Tokens within the platform, from
enhancing the learning experience to serving as a reward system and
marketplace currency.
---

# 💎 Utility

## Utility of Tokens
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6 changes: 6 additions & 0 deletions welcome/badges.md
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---
description: >-
An overview of the different badges available in our community, their
significance, and the benefits they offer.
---

# 🥇 Badges

## Fundamental Badge
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3 changes: 3 additions & 0 deletions welcome/day-streaks.md
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---
description: >-
An explanation of the importance of maintaining day streaks in language
learning, how they work, and the benefits they offer.
cover: ../.gitbook/assets/chain.png
coverY: 0
---
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