After nearly a month of magnificent existence we're taking a close look at how our smart contract and platforms are functioning. In project management terms this is the Performance and Control phase. We have collected data and are ready to implement a couple of changes to position us for success!
Starting August 1, 2019 we will be making adjustments to our Inflation Pool, bringing our rate of inflation down to 16% of total token supply.
What does this mean for content creators?
There will be a fairly significant impact to the amount of tokens rewarded to posts, as we'll see a reduction in the overall number of tokens issued on a daily, monthly, and yearly basis. On the plus side of the equation we'll have increased scarcity, and we can expect our tokens will hold more value long term into the future. We anticipate the amount of rewards will be similar to what we see with the PalNet community in terms of the amount of users vs the amount of tokens issued into the rewards pool. The big difference being with PalNet only 75% of this pool reaches content creators and curators as they have significant rewards going to other activities and accounts such as miners.
Our Inflation Pool is 100% Proof of Brain! The entire rewards pool is issued to creators and curators. We have NO mining activities, as this does not add value to our network.
Our approach aims to find a sweet balance in creating enough rewards to allow our content creators and curators to earn, while maintaining enough scarcity for our tokens to hold value long term.
We're thinking about the future, and this adjustment positions us for success! It's part of a 10 year plan, starting August 1st we'll bring inflation to 16%. Then we'll set our smart contract to decrease the rate of inflation gradually down to 5% over the course of 10 years where it will stay indefinitely.
No changes to how Author and Curator rewards are calculated.
This portion of our smart contract will remain untouched. You can vote on content as soon as it's published, no waiting 15 minutes like steemit. In fact the sooner you vote, the more you will earn! In addition to this, curation rewards are not weighted towards those with larger amounts of stake like we see with other platforms such as PAL, GG, SPT and others. All curators large and small have an equal opportunity to earn!
See you on the battlefield.
Discord I Blog I Battle Squad I DEX I Battlegames.io I Battletube.io
