RE: POB: It looks like the Stampede for Vybrainium has already started

@jaxsonmurph, thanks for the summary.

As of right now, just shy of 90,000 POB have been exchanged for just shy of 300,000 VYB. The current exchange rate is 1 POB for 2 VYB (minimum of 250 POB per transaction). That means sending 1,000 POB to @x-1pob-2vyb will result in 2,000 VYB being sent back to you (until the VYB in that account runs out -- with a first-in first-out ordering). There is currently 54,992 VYB remaining in the 1-POB-for-2-VYB account. Then the exchange rate switches to 1-for-1 (the 1-for-1 account holds 300,000 VYB).

Of course, you can also buy VYB on the open market. Do your homework to figure out where the best option might be. Also, the POB-for-VYB exchange transactions are being handled manually, so please be patient -- the return transaction should take place within 24 hours, usually sooner than that.

Also, if there is not enough VYB in the account you are sending to, your original POB will be returned to you unless you include the word 'market' in the memo of the transaction. Including the word 'market' means "I want to exchange these POB tokens for VYB tokens at this exchange rate or the next best available exchange rate(s)."

Correct me if I am wrong, my understanding is that, if you are currently staked with pob tokens, vyb tokens will be like a fork and airdropped to those that are staked.

A slight correction is in order. The VYB airdrop will not be like a fork of POB, but staked POB (as of November 12, 2021) is an important part of the calculation.

The airdrop (which will occur on or around 12/15/2021), will be for those who have earned POB (by posting original content via the Proof of Brain tribe) and who have staked and hodled the POB they earned (rather than selling it or leaving it unstaked) and who generally refrained from self-voting on the posts and comments that earned them their POB.

Here is perhaps a simpler way to understand the airdrop:

  • POB earned by authoring a post (no self-vote) and hodled and staked counts 100% toward the VYB airdrop.
  • POB earned by authoring a comment (no self-vote) and hodled and staked counts 100% toward the VYB airdrop.
  • POB earned by authoring a post (with self-vote) and hodled and staked counts 10% toward the VYB airdrop.
  • POB earned by authoring a comment (with self-vote) (staked or not) counts 400% against the VYB airdrop.

The airdrop will be based on POB earnings and holdings as of November 12, 2021. So unstaking POB now to purchase VYB via the aforementioned direct-exchange will not diminish any of the VYB you will receive via the airdrop.

For example, here is what your airdrop calcs look like (I will try to publish all the calcs soon, so folks can check their own calcs to make sure no mistakes are made in the final tabulation):

  • Posts with no self-vote = 1,448.93 POB author rewards (1,448.93 counts towards POB total)
  • Comments with no self-vote = 334.26 POB author rewards (334.26 counts towards POB total)
  • Posts with self-vote = 141.12 POB author rewards (14.11 counts towards POB total)
  • Comments with self-vote = 20.78 POB author rewards (-83.14 counts towards POB total)
  • TOTAL POB earnings = 1,945.10 POB
  • TOTAL POB earnings that count = 1,714.17 POB
  • TOTAL POB staked (as of November 12, 2021) = 2,543 POB

That means 1,714.17 POB will count toward the airdrop. Assuming all my calcs are correct, this should result in you receiving about 6,000 VYB via the airdrop. The airdropped VYB will arrive staked. By contrast, any VYB you claim via the aforementioned direct-exchange (exchanging POB for VYB) will arrive liquid.

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