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BLVD Token In App Rewards System

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BULVRD Team edited this page Oct 10, 2019 · 17 revisions

High Level

Users will be earn BLVD Tokens via in-app contributions including driving, road reports, and community interactions.

Report Types

BULVRD will leverage set report types, stored as constant values. Here we will outline the current supported values. These values will expand overtime as community needs arise.

  • Police
  • Closure
  • Traffic
  • Hazard
  • Construction
  • Speed Cam
  • Red Light Cam
  • Accident
  • Speed Trap
  • Wildlife
  • Weather Alert
  • Police Checkpoint
  • Pothole
  • Speed Bump

Earning Break Down

  • Per 3300 meters (~2.0 mi) Driven : 2 tokens
  • Per 3300 meters (~2.0 mi) Driven w/ OBD2 Connection : 2 tokens
  • Per 3300 meters (~2.0 mi) Driven in AR mode : 3 tokens
  • Road Closure : 3 tokens
  • Police Report : 2 tokens
  • Road Hazard : 2 tokens
  • Construction : 2 token
  • Accident : 2 tokens
  • Traffic : 1 token
  • Any other Report Type : 1 token
  • Vote on Report : 0.20 token (this goes to the user voting, not the original reporter)
  • Automatic Social Share : 1 token
  • New User Referral : 7 tokens
  • Per Speed limit Sign Detected : 0.20 token
  • Per Initial Report : 0.20 token
  • Per Gas Price Sign Scanned : 5 tokens (Will not be available at launch)

To Define Automatic social share : In app, once you have connected a social account (Currently support Twitter with more to be added as time goes on) when you make a report, this will be automatically shared to your given connected social accounts. Rewarded ONLY if this is completed successfully.

Expanded report types and functions to gain points are slated with future development. Please reference the road map for details as they are announced.

Delimiter

  • Current: 5

Users will be rewarded for various in-app actions and contributions. Once a user hits a set threshold, they will be able to convert these points into BLVD Tokens. BULVRD leverages state channels and a central oracle for reward tracking and issuance. In-App earning tracking will work against a delimiter set within the smart contract. This will allow for future owners of the contract (exploring DAO possibilities) to adjust earnings to the community. This is akin to mining rewards as used in PoW systems.

Economics

The token earnings and token max supply have been designed around a set economic system. On average we project users to earn roughly 50 BLVD tokens per day. In a theoretical situation, if BULVRD were to launch with 1 million daily active users, it would take roughly 4 yrs to meet the max token supply. This provides ampule runway for incentives to the user base.

Requesting Tokens

Users are able to request their earnings to be minted on-chain once they have hit various thresholds and requirements. As of Oct9th 2019, a user will need to have earned at-least 500 tokens to have them deposited to their wallet. Token request include other requirements and restrictions including:

  • Can only request once every 24 hours
  • Must have an internet connection
  • Must pass on-device security if available (Touch ID, Face ID, fingerprint, etc)

BULVRD currently handles the transactions for the end user, covering gas fees to mint the earned tokens. Future iterations will enable a user to cover fees if they'd wish to mint their earnings more often. BULVRD is also working towards a more dynamic token request model using an algorithm to decided the minimum tokens based on current gas fees of the Ethereum blockchain network.

Levels

As users make in-app contributions, they will level up based on their earnings. Each level will send a user a special BULVRD Digital collectible for reaching these milestones. This will not be enabled at full main network launch and will be rolled out at a later date.

  • Level 1 : 200 - 999 BLVD
  • Level 2 : 1000 - 2999 BLVD
  • Level 3 : 3000 - 5999 BLVD
  • Level 4 : 6000 - 11999 BLVD
  • Level 5 : 12000+ BLVD
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