Ongoing Token Issuance in Detail
Token rewards are issued weekly and adjusted daily to target the planned quota. The allocation adjustment process operates as follows:
Weekly Forecasting:
At the start of each week, multiple factors are assessed to forecast the number of transactions with partnered stores, sneaker resellers, and clothing brands. For example, if the average percentage of users making transactions is 20%, and a new partner store is added with an average of 100 transactions/week, the forecasted transactions will increase by 20/week.
Daily Quota Adjustment:
The token reward for each transaction is set to equal the issuance quota for the week divided by the projected transaction volume. For instance, if the weekly issuance quota is 35,000 tokens and the projected transactions are 3500, then each transaction is rewarded 10 $CheB.
Weekly Adjustments:
At the end of each week, if the token issuance exceeds the planned quota, the excess is deducted from the total quota for the remaining weeks, ensuring a balanced distribution over time.
Dynamic Adjustments:
If the week’s issuance falls short, the shortfall is added to the following week’s quota. This ensures the token issuance path stays on target, responding dynamically to activity levels.
Focus Shift:
Initially, token issuance emphasizes community engagement activities such as transactions with partnered stores and brands. Over time, as the platform scales and integrates with existing systems, the focus will shift more towards rewarding purchase activities and loyalty.
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