🖨️Instructions Before Debog Cycle #1

Deboggers, the time has come! Our team has been working on HelpMePrintETH protocol for over two weeks. (Recap: HelpMePrintETH is a protocol that holders pay NOTHING, need NO gas-required operations on their end, and get potential ETH winnings from an algorithmic-trading mechanism (aka HMDT Algo-Bot) A three-layer protocol is created to provide you with a seamless experience, allowing you to participate without paying gas or putting your wallet at risk even in the worst scenario (i.e. our website being compromised).

Website

https://helpmedebugthis.com/helpMePrintETH

Logistics

Every non-listed HMDT will generate 10 $HP deeds ($HPD) for its holder on a daily basis (24 hour cycle);
During each Debog cycle (7-day duration), HMDT holders can participate in bidding/raffle events for the following cycle using your $HPD. Once the bidding event has concluded, the lowest winning bid amount will be deducted from each winners' $HPD balance. Once the raffle event has concluded, the winners will have the full threshold amount deducted from their $HPD balance. All non-selected raffle entrants will have 40% of the threshold amount deducted from their $HPD balance. For example, if the threshold amount is 50 $HPD for the current Debog Cycle, non-selected raffle entrants will have 20 $HPD deducted, while selected raffle entrants will have 50 $HPD deducted.
$HPD is transferrable but cannot be sold or purchased. In the future, $HPD can be used to swap ERC20 token $HP once the $HP mechanism has undergone extensive testing and the tokenomics as a whole has been shown to be stable.

Website Interaction Protocol

Before entering this section, please note currently all the interactions with the HelpMePrintETH website are GAS-FREE. Do NOT sign any transaction that requires gas if you are attempting to interact with our website. Ask questions in our discord first if you have suspicions about any interaction you are attempting. The number of spots and other numerical values are subjected to change during the test period.

Set up a delegate wallet at your preference (optional, but recommended). Your asset security is one of our top priorities. Even though we have gas-less safeguards, setting up your delegate wallet and using that wallet to bid and enter raffles is highly recommended. (Quick note: Most wallet drains that occur in the space happen when interacting with a frontend website.) 
Bidding (8 spots). You can use up to your max $HPD balance for bidding. The top 8 bidders will win the spots for the next cycle. The amount deducted from each winning bidders’ $HPD balance is equal to the 8th winning bid. 
Raffle (6 spots). Your $HPD balance needs to be greater than or equal to the raffle threshold to enter the raffle. Once you have registered for the current raffle, you will be auto-registered for all the following raffles in future Debog Cycles, as long as your $HPD balance is over the raffle threshold in those Debog Cycles. Raffle threshold in each cycle will be a little less than the median of all deboggers' $HPD balance (i.e. dynamic value). Once the raffle event has concluded, the winners will have the full threshold amount deducted from their $HPD balance. All non-selected raffle entrants will have 40% of the threshold amount deducted from their $HPD balance. For example, if the threshold amount is 50 $HPD for the current Debog Cycle, non-selected raffle entrants will have 20 $HPD deducted, while selected raffle entrants will have 50 $HPD deducted.

FAQ

Q: Will accumulated $HPD be able to swap for $HP in the future? A: 100%. The reason we don't use $HP for now is we still need to test thoroughly on our tokenomics. Once it is done, $HPD -> $HP swap will be enabled.

Q: Wen trait bonus? A: For the testing period of our vanilla model, there will not be a trait/rarity bonus. Once we have worked out the kinks in our HelpMePrintETH protocol, we will add trait/rarity bonuses for $HP emission. Q: Is 10 $HPD a fixed daily accumulation rate in the future? A: No. All the numerical values are subjected to testing and change in the future. $HPD emission is more likely to decrease rather than increase in the future.

Q: How long is a Debog Cycle? A: 7 days.

Q: Will the royalty raffle be replaced by HelpMePrintETH? A: No. The royalty raffle and HelpMePrintETH are two independent protocols.

Q: What should I expect when I win the bidding/raffle? Should I expect fixed reward from current Debog Cycle if it gains? A: No. The bidding/raffle during Debog Cycle #N is for the potential reward positions in Debog Cycle #N+1. So whether there are rewards and the size of those rewards is totally dependent on the HMDT Algo-Bot performance in Debog Cycle #N+1. As mentioned in the HelpMePrintETH Methodology, if there is a loss, the HMDT community vault will cover 100% of that loss; if there are ETH gains, 40% of those ETH gains are split equally as winnings between each selected holder of Debog Cycle #N, and the remaining 60% goes to the community vault.

PreviousHelpMePrintETH - Alpha Release NextHMDT Ordinals Claim Guide

Last updated 1 year ago

Logistics

Every non-listed HMDT will generate 10 $HP deeds ($HPD) for its holder on a daily basis (24 hour cycle);

During each Debog cycle (7-day duration), HMDT holders can participate in bidding/raffle events for the following cycle using your $HPD. Once the bidding event has concluded, the lowest winning bid amount will be deducted from each winners' $HPD balance. Once the raffle event has concluded, the winners will have the full threshold amount deducted from their $HPD balance. All non-selected raffle entrants will have 40% of the threshold amount deducted from their $HPD balance. For example, if the threshold amount is 50 $HPD for the current Debog Cycle, non-selected raffle entrants will have 20 $HPD deducted, while selected raffle entrants will have 50 $HPD deducted.

$HPD is transferrable but cannot be sold or purchased. In the future, $HPD can be used to swap ERC20 token $HP once the $HP mechanism has undergone extensive testing and the tokenomics as a whole has been shown to be stable.

Website Interaction Protocol

Set up a delegate wallet at your preference (optional, but recommended). Your asset security is one of our top priorities. Even though we have gas-less safeguards, setting up your delegate wallet and using that wallet to bid and enter raffles is highly recommended. (Quick note: Most wallet drains that occur in the space happen when interacting with a frontend website.) 

Bidding (8 spots). You can use up to your max $HPD balance for bidding. The top 8 bidders will win the spots for the next cycle. The amount deducted from each winning bidders’ $HPD balance is equal to the 8th winning bid. 

Raffle (6 spots). Your $HPD balance needs to be greater than or equal to the raffle threshold to enter the raffle. Once you have registered for the current raffle, you will be auto-registered for all the following raffles in future Debog Cycles, as long as your $HPD balance is over the raffle threshold in those Debog Cycles. Raffle threshold in each cycle will be a little less than the median of all deboggers' $HPD balance (i.e. dynamic value). Once the raffle event has concluded, the winners will have the full threshold amount deducted from their $HPD balance. All non-selected raffle entrants will have 40% of the threshold amount deducted from their $HPD balance. For example, if the threshold amount is 50 $HPD for the current Debog Cycle, non-selected raffle entrants will have 20 $HPD deducted, while selected raffle entrants will have 50 $HPD deducted.

FAQ

Q: How long is a Debog Cycle? A: 7 days.

Q: Will the royalty raffle be replaced by HelpMePrintETH? A: No. The royalty raffle and HelpMePrintETH are two independent protocols.