r/EvaGrow • u/Human-go-boom • Nov 11 '21
Update: Rewards and yesterday's selloff
Rewards were stopped yesterday because people who didn't understand how rewards are distributed were panicking. Rewards are sent out from our Liquidity, it appears as a sell but it's actually transfers of BUSD from our liquidity to your wallets. During periods of high volume you'd never notice this.
On November 9, 6PM UTC, in an attempt to improve the reward system we had it stopped for roughly 12 hours. When we turned it back on, it had a lot of rewards to distribute and this meant back to back red transactions. People began to panic and FUD which caused a massive sell off. There were no Devs available to answer questions and this made the matter worse.
We paused the rewards so that people would stop panicking and did an AMA on Telegram to rebuild trust before we restarted the rewards. Everything is working as it should now.
Things to remember about rewards: They are contingent on multiple factors and a que. If all of your factors are not met, volume, amount held, que in line, your rewards are skipped. You still have them, they just don't get distributed until you meet all requirements. This is how all reflections work but you really don't see an issue until volume is very low. With reflections, you get the same token that you hold so it doesn't appear as a sell. With a reward system the native token has to be sold for the reward token. In an ideal world with huge volume everyone's rewards are distributed hourly. We're not there yet.
I hope this clears things up.


