$FINA Withdrawal Update
Hi Definians ✨
We have heard your suggestions and feedback regarding the current withdrawal system 📝. The developers have been working hard to update and rework the smart contracts regarding the withdrawal system. Here’s how our new $FINA Withdrawal system will work 🏧
With the old system, the system could not identify if the $FINA is deposited to the game or if the $FINA was earned in the game 😕❓ . Both deposited $FINA (BSC Wallet to Game Wallet) and earned $FINA (in-game rewards) are mixed together. With the new update, the system will be able to identify the difference and apply different rules to them respectively when the player withdraws. The system recognizes deposited FINA when it is deposited after December 19, 2021 10:00:00 UTC. Do refer in your transaction history for your list of deposited $FINA (The deposited FINA made before December 19, 2021 10:00:00 UTC does not count as deposited FINA but Earned FINA due to the previous system).
Note: There is a non-refundable processing fee of 1 FINA for every withdrawal transaction to avoid bot-like activities. Withdrawing $FINA may take up to 4 hours to show up in your BSC wallet after it gets processed.
General Withdrawal Rule:
- Deposited FINA refers to the $FINA that the player traded from a DEX/CEX and then deposited into their game account.
- Earned FINA refers to the $FINA player earned in game.
- When withdrawing $FINA from the game account, the Deposited FINA will be processed first if the player has deposited FINA balance in the game.
- Players can only withdraw 70% of Earned FINA for every withdrawal transaction below 15 days.
- A 72-hour withdrawal cooldown period will be applied if the withdrawal application has Earned FINA. Players can refer to the countdown timer to know how many hours they have to wait.
- Every withdrawal transaction has a 1 FINA processing fee.
- The processing fee is non-refundable.
- All the FINA in the game account wallet before December 19, 10 UTC are identified as Earned FINA. Deposited FINA after the new system being updated will be identified as Depostied FINA.
Withdrawal Rules for deposited $FINA
Deposited FINA refers to the $FINA that the player traded from a DEX/CEX and then deposited into their game account.
- You can make deposited $FINA withdrawal applications anytime.
- A minimum of 2 deposited $FINA is required to be withdrawn for every withdrawal transaction.
- Player 1 has deposited 100 FINA from their BSC wallet to the game account. The player can withdraw it anytime if they want. If the player wants to withdraw his deposited FINA, they must make sure that the amount of FINA he withdraws is higher than 2 deposited $FINA or else it will not get processed.
Withdrawal Rules for earned $FINA
Earned FINA refers to the $FINA player earned in game.
Withdrawing Earned $FINA from the game requires the Deposited $FINA to be withdrawn first. Earned $FINA is subjected to a Contribution Rate scaled on the Withdrawal Wait Period. Please refer to the graphic below for reference.
Note: Earned $FINA is processed in batches so it may take up to 4 hours for the FINA to appear in the BSC Wallet. In-game $FINA cannot be transferred to other in-game accounts nor withdrawn to other wallet addresses other than the registered wallet.
Withdrawing Earned $FINA within 15 Days:
- The maximum amount you can withdraw is 70% of your current earned $FINA balance.
- There will be a cooldown period of 72 hours (3 days)
- You cannot withdraw earned FINA if the net amount is 0.
Net Amount Formula:
Withdraw Amount= Earned FINA * 70% + Deposited FINA Balance
Net Amount = (Deposited FINA Balance -1) + [(Withdraw Amount - Deposited FINA) * Contribution Rate]
Processing fee: 2 FINA + [(Withdraw Amount - Deposited $FINA) *
Note: Round off to the first decimal for Withdraw Amount and Net amount.
There is a countdown timer in the website that you can check how long FINA will be released in your wallet. You will be able to cancel your withdrawal application longer than 1 day provided that you cancel before the hour it gets processed. Canceling withdrawal will not reset your withdrawal cooldown.
Note: Some % of the FINA taken from the contribution rate and processing fee will be burned to deflate FINA in the long term. (Read more about our recycling and Token Burn Policy Here)
Withdrawing Earned $FINA at 15 Days:
- The maximum amount you can withdraw is 100% of your current earned $FINA balance.
- There is no withdrawal cooldown applied for 15 days waiting period.
Updates Regarding In-game FINA Spending
Purchasing in-game items will first use your earned FINA. If the earned FINA is insufficient, your deposited FINA will be used.
- What if I deposited my own FINA before the new update is implemented?
Unfortunately, the previous system will not be able to tell if the tokens were deposited by the player or earned in-game. All the tokens will be counted as earned in-game. However, we’ve removed the 5% tax for players who will withdraw their tokens before we implement the system update. Your withdrawal cost will be 1 FINA if you’ve made a withdrawal application in between December 13–18, 2021.
Note: If you are withdrawing less than the 1 FINA processing fee, we will cancel it manually for you and your token will be refunded back into your game wallet. [It’s already been refunded through your in-game mail.]
2. What if I decide not to withdraw and use the FINA in-game for staking or purchasing items, can I cancel my withdrawal application?
Yes, you will be able to cancel it if the withdrawal application longer or equal to 1 day arrival.
About Defina Finance
Defina Finance is a fascinating blockchain game that combines the concept of DeFi and NFT. Players can buy or collect various NFT Mystery Boxes to get heroes & weapons as well as fight and enhance their champions to learn skills in numerous game scenarios. Players can participate in DeFi yield farming and earn abundant on-chain earnings while enjoying a fun and strategic card game with PVP and PVE modes. Defina’s vision is to bring blockchain to millions of players, allowing them to explore a new form of gaming through blockchain technology.
Define your destiny, conquer your enemy & earn FINA daily!