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.