Difference between revisions of "Economics"
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| − | BiblePay Economics: | + | == BiblePay Economics: == |
| + | == Gross Block Breakdown: == | ||
| − | + | * Block Emission Level: Starting at 20,000 BBP at inception and decreasing by 19.5% per year. | |
| − | + | * 15% is escrowed for governance for expenses paid via our sanctuary voted budget - emitted as one monthly superblock (10% for charity, 5% IT) | |
| − | + | * 85% is rewarded to our Sanctuaries for Services and block security | |
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| + | == Gross breakdown of Governance Budget: == | ||
| − | + | * Charity and Recurring Orphanage expenses (compassion.com, Cameroon One, Kairos, etc): 66% | |
| + | * IT Expenses and Payroll: 33% | ||
| + | |||
| + | == Gross breakdown of Sanctuary Service reward: == | ||
| + | |||
| + | * 99% is given for POVS (Proof of video storage) | ||
| + | * 1% is given to the sanctuary for Block Security (POW mining) | ||
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| + | == Deflation: == | ||
| + | |||
| + | The deflation rate of our emission is 1.5% Per Month, or 19.5% per year compounded. | ||
| + | |||
| + | See [[Emission Schedule|BiblePay Emission Schedule]] for more details. | ||
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| + | [[Category:BiblePay Economics]] | ||
Latest revision as of 14:52, 27 November 2022
Contents
BiblePay Economics:
Gross Block Breakdown:
- Block Emission Level: Starting at 20,000 BBP at inception and decreasing by 19.5% per year.
- 15% is escrowed for governance for expenses paid via our sanctuary voted budget - emitted as one monthly superblock (10% for charity, 5% IT)
- 85% is rewarded to our Sanctuaries for Services and block security
Gross breakdown of Governance Budget:
- Charity and Recurring Orphanage expenses (compassion.com, Cameroon One, Kairos, etc): 66%
- IT Expenses and Payroll: 33%
Gross breakdown of Sanctuary Service reward:
- 99% is given for POVS (Proof of video storage)
- 1% is given to the sanctuary for Block Security (POW mining)
Deflation:
The deflation rate of our emission is 1.5% Per Month, or 19.5% per year compounded.
See BiblePay Emission Schedule for more details.
