SportsPodium Token Emmision

sportspodium (67)in #blockchain • 6 years ago

SportsPodium is a transparent blockchain-based sports community. The #SportsPodium value-for-value economy will reward everyday aspiring athletes of all ages, across all levels of proficiency, with crypto-based rewards for tracking their day-to-day commitment to their sports and fitness activities.

The information will be uploaded using blockchain technology, creating a transparent and credible global sports database that will completely disrupt the current flow of funds and talent.

Token Emmision

Token emission is linked to a smart contract and ensures that tokens are fairly distributed when activities occur within the ecosystem. The emission model takes the following variables into consideration to calculate activity rewards:
Total PODs in circulation, User Rep, Total Rep, Activity Weight (Set by App), Weight Sum, Source App Weight, App Weight sum, Verification factor, Community pool split.

Emission rate will be directly proportional to the number of activities recorded on the blockchain and the value of the data. Activity value is calculated purely on potential ad revenue from the users logging their activities.

Token Value Drivers

Token value should remain stable if token emission rate is proportional to the value of the data – speculation aside. We realise the importance of protecting POD holders and have built in measures in the platform to protect POD value. (Also see POD vesting later in this document)
In short, all tokens printed today are worth more compared to the tokens printed yesterday as demand was created by emitting less tokens than were required to incentivise the userbase for the activities which they performed.

Inflation Resistance Multiplier

We are reducing the value-based target inflation adjustment by 50%. E.g. if the previous activity reward was 200 PODs and the current activities to be rewarded should get 300 PODs, we will only print 250 PODs (200 + 100 * 50%) and share those among the activities. This reduces sudden jumps in inflation due to fast network growth.

Additional Network Services

Data value is only estimated with ad revenue potential, but many other services are planned on the platform that will drive demand for PODs and increase their value. These will include talent scouting, self-promotion, sponsorships and event management.

Inflation Hard Cap

We are capping the maximum possible inflation at 0.33% per day (or 10% per month). If SportsPodium experiences sudden growth and takes on thousands of new users, inflation will be clamped to not exceed 10% per month even if the network value grows by 100% or more.

Negative Inflation Adjustments

If the number of activities is reduced over time, the emission calculation allows for negative inflation adjustments and reduce inflation to match the activity data value and other parameters.