PROOF-OF-BRAIN a new Tribe on HIVE with unique Tokenomics

Hello SPI Club members and LEO-Community,

it looks like the activity on HIVE is accelerating over the last weeks and we see new projects going live left and right. Two days ago the Proof OF Brain Tribe started issuing the POB Token by the @proofofbrainio account. The Frontend is available under profofbrain.io and the tokenomics for this project are quite interesting. Only one single Token has been issued and staked to @proofofbrainio. There will be no airdrops, no miners, no tokens for the team of founders, and no ICO to buy POB tokens.

[...] the only way the token enters circulation is through PoB rewards that are earned by posting and by curating content with POB staked.

In addition to that, there is a 10% beneficiary percentage when posting directly via proofofbrain.io. Find the announcement post here.

POB has a total supply of 21 million tokens with linear rewards split 50/50 to authors and curators. For the first year, the reward pool will be 3600 POB per day. POB can be burned to promote your post on proofofbrain.io

Inflation/PoB Reward Pool that decreases by 20% every year
Year 1 - 1,314,000x0.2=262,800
Year 2 - 1,051,200x0.2=210,240
Year 3 - 840,960x0.2=168,192
Year 4 - 672,768x0.2=134,553.6
Year 5 - 538,214.4x0.2=107642.88
Year 6 – 430,571.52x0.2=86,114.304
Year 7 – 344,457.216x0.2=68,891.4432
Year 8 – 275,565.7728x0.2=55113.15456
Year 9 – 220,452.61824x0.2=44,090.523648
Year 10 – 176,362.094592x0.2=35,272.4189184…

With 3600 POB distributed every day and only a few POB staked for curating, the amount of POB to be earned during the first weeks might find a maximum that is hard to achieve at any later timepoint. A further interesting aspect is the 20% decrease of inflation per year and the cap to 21 million tokens - a clear reminiscence to Bitcoin.
Although this tribe looks like the opposite of an investment at the moment, it will be very interesting to see how the price of the token will develop, once the first POB's are hitting the market on HIVE Engine.

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So far there are only BUY orders biding a maximum of 1.15 HIVE per POB. @spinvest-leo is taking the opportunity to earn some POB in order to stake them and curate with them to be more attractive for the community. The tack to use to get POB rewards is #proofofbrain, and so far there is no announcement about special topics that the content should have to be eligible for the https://profofbrain.io frontend.

Let us know your thoughts about the project in the comment section.

This is @no-advice for @spinvest-leo




Image by @mariosfame


Posted via proofofbrain.io



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17 comments
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(Edited)

How is this post getting rewards if there is only one staked Am I able to earn @proofofbrainio token so far? I tried to vote but was unable to since I don't have tokens.

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You need to get a vote from @proofofbrainio innerster to get the first tokens. They are also voting on comments and are quite open for Upvotes. Another idea is to make a post over the Frontend and get some POB rewards. Initial distribution will be slow but yielding

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Thank you for your engagement on this post, you have recieved ENGAGE tokens.

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Well done @no-advice. I had been assured by @eonwarped that the pending payouts were way off and wouldn't payout that way, but it looks like that one did. It seems you were paying attention and scored that huge payout by voting your own comment. Would you please contact me on discord to see if we can work something out to keep this project alive? my discord handle is POB#6372

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(Edited)

Had to do a little bit of detective work to find the comment but glad to have stumbled onto it lol. Big respect to @no-advice for being a top bloke.

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This will be a pretty interesting thing. Do you know if post made there will be mirrored on Hive and Leo also? It is beginning to get confusing as to where and who to post through.

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Everything is on HIVE and will get the Hivepower it deserves. For the other frontends, you need to use the respective tags #Leofinance to earn LEO, #STEM to earn STEM and so on. You can also use #proofofbrain as a tag if you post on Leofinance... However, the content should fit to the frontend you post in...

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yep, it is getting difficult to keep up with all the varying front ends, fortunately I don't post a lot so not something I need to worry to much about.

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and for votes on comments all staked tokens are counting

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Hmmmmm so many new front ends. New tokens.

What will be the next leo? :D

Posted Using LeoFinance Beta

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I see this as a 'pure' version of the original Steem (now #Hive) 'vision'.

Perhaps a bit analogous to BSV (Bitcoin Satoshi Vision) trying to restore the 'exchange currency' potential of the Bitcoin protocol; (i.e. the POB token and proofofbrain.io portal attempting to take a step closer to the original Steem Hive POB vision).

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Interesting. How many tags can people add to their posts. New tribes coming everyday. You need to get a real good use case to get a tribe noticed now!

Posted Using LeoFinance Beta

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Ultimately, the proofofbrain.io portal will need to be expanded to allow robust filtering, sub-communities (or 'tribes'), etc. as more and more traffic comes here.

I am sure that's part of the need & justification for the 'beneficiary' rewards (I think that's how it's set up) that go to the @proofofbrainio account.

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Congratulations @spinvest-leo! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You distributed more than 45000 upvotes.
Your next target is to reach 46000 upvotes.

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