Difference between revisions of "Economics"
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* Block Emission Level: Variable rate between 20000 and 5000, based on the network difficulty level (higher diff, lower block subsidy), deflating at 19.5% per year | * Block Emission Level: Variable rate between 20000 and 5000, based on the network difficulty level (higher diff, lower block subsidy), deflating at 19.5% per year | ||
* 20% is escrowed for governance for expenses paid via our sanctuary voted budget - emitted as one monthly superblock (10% for charity, 5% IT, 2.5% P2P, 2.5% PR) | * 20% is escrowed for governance for expenses paid via our sanctuary voted budget - emitted as one monthly superblock (10% for charity, 5% IT, 2.5% P2P, 2.5% PR) | ||
| − | * 30% is escrowed for | + | * 30% is escrowed for Daily Portfolio Builder Rewards (UTXO Staking) |
* 25% is given to the next due Sanctuary | * 25% is given to the next due Sanctuary | ||
| − | * 25% is allocated to | + | * 25% is allocated to Proof-Of-Work (RandomX Mining) |
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== Gross breakdown of Governance Budget: == | == Gross breakdown of Governance Budget: == | ||
| − | * Charity and Recurring Orphanage expenses (compassion.com | + | * Charity and Recurring Orphanage expenses (compassion.com, Cameroon One, Kairos, etc): 50% |
* IT Expenses and Payroll: 25% | * IT Expenses and Payroll: 25% | ||
* PR and Campaigns: 12.5% | * PR and Campaigns: 12.5% | ||
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== Gross breakdown of mining operations: == | == Gross breakdown of mining operations: == | ||
| − | * 50% is given to | + | * 50% is given to RandomX (POW) |
* 50% is given to Sanctuary | * 50% is given to Sanctuary | ||
Revision as of 14:57, 28 August 2021
Contents
BiblePay Economics:
Gross Block Breakdown:
- Block Emission Level: Variable rate between 20000 and 5000, based on the network difficulty level (higher diff, lower block subsidy), deflating at 19.5% per year
- 20% is escrowed for governance for expenses paid via our sanctuary voted budget - emitted as one monthly superblock (10% for charity, 5% IT, 2.5% P2P, 2.5% PR)
- 30% is escrowed for Daily Portfolio Builder Rewards (UTXO Staking)
- 25% is given to the next due Sanctuary
- 25% is allocated to Proof-Of-Work (RandomX Mining)
Gross breakdown of Governance Budget:
- Charity and Recurring Orphanage expenses (compassion.com, Cameroon One, Kairos, etc): 50%
- IT Expenses and Payroll: 25%
- PR and Campaigns: 12.5%
- Peer-to-Peer (Letter writing, gospel links, pay to preach): 12.5%
Gross breakdown of mining operations:
- 50% is given to RandomX (POW)
- 50% is given to Sanctuary
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.
