APR

How APR is Calculated for WFI

APR (Annual Percentage Rate) represents the yearly rewards in WFI. Here’s a simple explanation of how it's calculated and how it applies within the ecosystem.

Important Notes:

• The APR is calculated individually for each participant.

• Your rewards are based on the amount of ITOunits you’ve sent to mining within the current block.

APR Formula

The formula for calculating APR for WFI based on your ITOunit looks like this:

Please note that the block reward for WFI shown here already accounts for amortization. This means the impact of amortization has been factored into your block reward, and it may reduce the total rewards over time.

APRWFI = (Block_Reward_WFI × 60 × 60 × 24 × 365 × WFI_Price) / (Total_ITOunit × ITOunit_Price) × 100

Where:

• Block_Reward_WFII: The current reward for the block in WFI tokens (WFI you're mining from the block)

• 60 × 60 × 24 × 365 - time over the year (sec, mins, hr, days)

• WFI_Price: The current price of one WFI token.

• Total_ITOunit: The total amount of ITOunit you’ve activated.

• ITOunit_Price: The price of one ITOunit.

Example Calculation

Let’s go through an example to make it clearer.

Example Values:

• Block_Reward_WFI: 0.00009804 WFI per block

• WFI_Price: $0.17

• Total_ITOunit: 1000 ITOunit

• ITOunit_Price: $0.25

Using the formula:

APRWFI = (0.00009804 × 60 × 60 × 24 × 365 × 0.17) / (1000 × 0.25) × 100

Step-by-Step Calculation:

1. Calculate the total yearly reward in WFI:

   Yearly_Reward_WFI = 0.00009804 × 60 × 60 × 24 × 365 = 3,091.79 WFI

2. Convert this reward to USD based on the WFI price:

   Yearly_Reward_USD = 3,091.79 × 0.17 = $525.60

3. Calculate your initial contribution in USD:

   Initial_Contribution  = 1000 × 0.25 = $250

4. Now calculate the APR:

   APRWFI = (525.60 / 250) × 100 = 210.24%

Conclusion

In this example, the APR for your WFI mining is 210.24%, meaning over a year, you can receive rewards equivalent to 110.24% of the staked amount based on these parameters.

With the WFI token price at $1.70, the yearly reward would be $5,256.04, and the new APR would be 2,102.42%. This means if the price of WFI rises to $1.70, the mined WFI could hold greater value, providing more utility within the ecosystem.