# Introduction

SQRCAT Miner is a DeFi project on the Avalanche blockchain, designed to offer substantial daily rewards and a generous referral bonus. With daily returns that can be significant, and a referral bonus of up to 5%, SQRCAT Miner aims to foster a vibrant DeFi community.

SQRCAT Miner draws inspiration from successful projects like Kimbo Trainer, Banana Miner, and CoqInuMiner, and is dedicated to building out the SQRCAT DeFi ecosystem.

1. **What are "Miners"?** \
   In SQRCAT Miner, "Miners" refer to the entities that are hired using $SQRCAT or $AVAX to mine your SQRCAT tokens and earn rewards. It is a term chosen to describe the earning mechanism within the platform.
2. **Miners Have No Fixed Price:** \
   The price of "Miners" is not fixed. The number of "Miners" per $SQRCAT or $AVAX varies based on the Total Value Locked (TVL). A higher TVL results in fewer "Miners" per token, while a lower TVL results in more "Miners" per token. This system ensures a level playing field, so no user is disadvantaged. There is no calculator available to determine this precisely.
3. **What is My Daily Percentage?** \
   The daily percentage can reach up to 12%, depending on your reward-taking habits, the timing of your reinvestments, or deposits, as well as the fluctuation of the TVL. On average, the daily return ranges from 6% to 8%.

By understanding and leveraging these mechanisms, users can maximize their earnings and contribute to the growth and sustainability of the SQRCAT Miner project.
