How PoT works
Frequently ask questions
What is Proof-of-Trading (PoT)?
MAIGA champions the latest and innovative web3 token model with Proof of Trading. PoT leverages trading volume as its core fundamental for a token model. This is a first-of-its-kind token model that rewards active market participants, not passive holders or insiders.
Here’s how it works:
$oMAIGA is an option token that is 1:1 to $MAIGA
$oMAIGA only converts to $MAIGA based on cumulative $MAIGA trading volume (across CEXs and DEXs).
In the ‘Proof of Trading’ PoT token model, all 100% of investors, teams, advisor, Maiga community, foundation, KOLs and airdrop campaigns all get $oMAIGA tokens and unlocks at the same time when Maiga starts the ‘Proof of Trading’ calculations.
35% of the total token supply is allocated as incentives to traders and AI agents.
Rather than issuing tokens arbitrarily over time-based linear vesting, PoT ensures that only those who actively contribute to the ecosystem unlock value, similar to how Bitcoin rewards miners for securing the network.
🎯 The Goal: 100% Conversion Target
To reach 100% conversion from oMAIGA to MAIGA, the ecosystem must achieve a total accumulative trading volume of 10,000,000 BNB.
If we assume 1 BNB = $1,000, that translates to roughly $10 billion in total accumulated MAIGA trading volume required.
This volume is derived from two primary sources:
CeX (Centralized Exchange) Volume
DeX (Decentralized Exchange) Volume
Each has its own calculation logic, weights, and update intervals.
🏦 CeX Volume Breakdown
CeX (Centralized Exchange) volume is fetched daily from CoinGecko, converted to BNB, and then weighted by exchange importance.
Weighted CeX Sources:
Exchange
Weight
% of Volume Counted
Gate.io
0.8
80%
KuCoin
0.4
40%
MEXC
0.1
10%
BitMart
0.8
80%
Source : https://chatgpt.com/share/68d415b8-93d0-8011-98ba-11a6b02446e9
Update Schedule
CeX volume updates daily at 00:00 UTC.
Formula
Final CeX Volume = (Last 24h Volume in USD) × (BNB price at 00:00 UTC) × (Weight)
🌐 DeX Volume Breakdown
DeX (Decentralized Exchange) data comes directly from on-chain activity — specifically PancakeSwap Infinity, with a 0.04x (4%) weight from the trading volume.
Source : https://chatgpt.com/share/68d415b8-93d0-8011-98ba-11a6b02446e9
Update Schedule
DeX volume updates hourly (00:00, 01:00, 02:00 UTC, etc.)
Key Factors in DeX Volume Calculation
1. Base Unlock Calculations (Volume based unlock)
2. Buy Ratio
This formula measures the proportion of buy-side volume compared to total trading activity (buys + sells).
3. Volume Difference
This formula calculates the change in trading volume between consecutive hours, helping track short-term market momentum.
4. Market Sentiment Multiplier (Buy/Sell Impact)
5. Market Sentiment Adjustments
6. Random Market Fluctuations
Based on the Crypto Fear & Greed Index from Alternative.me.
7. Final Unlock formula
Final Formula
Final DeX Volume = Last Hour Volume × Sentiment Multiplier × Market Fluctuation × Weight
Source: Maiga Gitbook – Proof of Trading Formula
⚙️ How MAIGA Trading Volume Updates Work
Two independent Volume Updater Bots run simultaneously:
CeX Volume: Queried via CoinGecko API.
DeX Volume: Queried directly from blockchain through RPC and stored in the database (updated every 10 seconds).
Once both sets of data are processed:
The updater contract compares the two volume results.
It submits the lower of the two volumes to oMAIGA, minimizing the risk of manipulation.
This design ensures trustless volume verification — removing reliance on a single data source.
The updater contract functions as a preventive measure to avoid risk of volume oracle manipulation from a single source of truth, therefore removing risk from volume exploitation vector.
🔄 How to convert oMAIGA → MAIGA guide
User trigger unlock function to convert oMAIGA to MAIGA at Maiga.ai website. User not able to input convert amount, as max convertible amount is selected automatically.
To convert your oMAIGA to MAIGA, follow these steps: Step 1: Head over to Maiga’s App token page and hop over to the “convert” tab. If you have not claimed your oMAIGA airdrop, you can still do so before the Season 1 claiming closes.
Read the full instruction here to claim https://medium.com/@MAIGAAI/announcing-omaiga-airdrop-season1-claiming-8c7a4f4b07b9
Step 2: Check the available to convert amount and initiate the convert. The transaction will need a small gas fee. You can choose to convert the available amount any time as you wish or accumulate more to claim together.
Step 3: After converting, you can choose to trade, boost XP with $MAIGA to gain more airdrop or hold for more $MAIGA utilities (under development) and moon !
Conversion rules:
Case 1: If user’s available to convert amount is under 10k and the user convert amount hasn’t exceeded 1% of their total oMAIGA supply in 24 hours, no restrictions.
Case 2: If user’s available to convert amount exceeded 1% of their total oMAIGA supply but under 10k, and the user hasn’t exceeded 1% in 24 hours(means no conversion within 24 hours), no restrictions.
Case 3: If user’s available to convert amount exceeded 10k, user cannot convert more than 1% of their total oMAIGA supply within 24 hours.
This is coded into the smart contract to prevent whales or potential exploits to convert and dump at the same time therefore mitigating and removing exploit risk.
This rule helps prevent large sell-offs (whale dumping) and protects the smart contract from exploits.
💬 Frequently Asked Questions
🕒 Can I convert oMAIGA to MAIGA anytime?
Yes. The PoT algorithm updates hourly, so you can check your conversion progress every hour on Maiga.ai.
⏳ Do I need to wait for 100% unlock to start converting?
No. Once the PoT algorithm begins updating trading volumes, you can start converting the “available to convert” amount.
📈 Is there a maximum daily conversion limit?
Yes, the conversion limit should follow the below conversion rules:
Case 1: If user’s available to convert amount is under 10k and the user convert amount hasn’t exceeded 1% of their total oMAIGA supply in 24 hours, no restrictions.
Case 2: If user’s available to convert amount exceeded 1% of their total oMAIGA supply but under 10k, and the user hasn’t exceeded 1% in 24 hours(means no conversion within 24 hours), no restrictions.
Case 3: If user’s available to convert amount exceeded 10k, user cannot convert more than 1% of their total oMAIGA supply within 24 hours.
🤔 What is the relationship between oMAIGA and MAIGA?
oMAIGA is an option token that is 1:1 to $MAIGA
oMAIGA incentive token can’t be sold, it is not tradable and non-transferable.
oMAIGA can only be converted to MAIGA based on MAIGA trading volume.
Read more about oMAIGA incentive token at next page
⚡Do I need to trade myself in order to unlock $oMAIGA?
Not necessarily. $oMAIGA token unlocks based on total accumulative trading volume on $MAIGA.
So, the more users, traders, arbitrageurs, trading bots, AI agent trades MAIGA, it will unlock more. Therefore, the game theory 3,3; ‘you trade, i trade, we trade, everyone wins’.
Read more about Proof of Trading's Game Theory 3,3
⁉️What are the incentives for trading $MAIGA?
Maiga incentivises traders with oMAIGA PoT reward (35% of the total supply is allocated for Proof of Trading ‘PoT’).
It is the same concept of BTC mining. Users trade $MAIGA to unlock for everyone, and mine more $oMAIGA as reward.
Read more about 35% incentives allocation for Proof of Trading
🙋♂️Have further question of meet technical problems?
If you need assistance, please use our official TG community SUPPORT channel: https://t.me/maigaxbt/65336
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