What is the new BiblePay (BBP) economics breakdown?
On 5 September 2019, BiblePay began a deeper partnership with CameroonONE to allow sponsorship of orphans through the BiblePay (BBP) crypto wallet.
Reward structure for Generic Smart Contracts (GSC) such as Proof of Giving (POG) rewards has been reduced from 95.0% to 47.5% to make room for Proof of Orphan Mining (POOM rewards). POOM rewards are currently 47.5% of the daily GSC budget. The remaining 5% is still unchanged for Healing.
Q: If half the POG rewards that now go to POOM, are the POOM coins “burned” until the peak is reached with POOM? Or if POOM payout is not saturated, do the coins go back to POG?
A: Rob Andrews (the lead dev) said: “Right now in this cameroon-one startup phase, the excess coins are not emitted (so like you say, in effect they are burned).”
With POOM activated, the emission schedule should look something like this:
If the monthly budget (30 days) is 51,914,467 BBP:
| Emission Per Day | 1,730,4821 | ||
| Quantitative Tightening (QT) | 60% | ||
| Daily Emission | 1,038,289 | ||
| Monthly Proposal Budget2 | 10% | 103,828 | |
| Sanctuary | 25% | 259,572 | |
| Proof of Bible Hash (PoBHv2)3 | 25% | 259,572 | |
| Generic Smart Contract (GSC) | 40% | 415,315 | |
| Proof of Giving (PoG) | 47.5% | 197,274 | |
| Healing | 5.0% | 20,765 | |
| Proof of Orphan Mining (POOM) |
47.5% | 197,274 |
Thanks to oncoapop3 for the Daily Emission breakdown table and Barton26 for technical advice/clarification.
Oncoapop Research created an emissions table based on recent blockchain data. It is updated 6 times a day with the latest breakdown.
- Emissions values are estimates so numbers may not add up exactly [↩]
- Proposal budget usage is subject to approved proposals in a given month (same as DASH cryptocurrency). [↩]
- Sanctuary and Proof of BibleHash reward change based on the mining difficulty. Higher mining difficulty gives lower reward, lower mining difficulty gives higher reward. [↩]