Separating Ownership and Mining in the BUBUVERSE STC Token
The article explains the unique structure of the STC token in the BUBUVERSE ecosystem, where ownership and mining are distinct roles. Genesis Boxes represent equity, while Special Labubu NFTs are used for mining STC.
Why it matters
This unique approach to token economics in the BUBUVERSE ecosystem could serve as a model for other blockchain projects looking to separate ownership and production roles.
Key Points
- 1STC enters circulation through a mining-style mechanism, not immediate trading
- 2Genesis Boxes represent ownership and equity in the STC ecosystem
- 3Special Labubu NFTs are used for mining STC through staking
- 4STC emission follows a Bitcoin-inspired model with a halving mechanism
- 5Miners and shareholders operate in parallel, not in competition
Details
The BUBUVERSE ecosystem has a unique approach to the STC token, where ownership and mining are separated into distinct roles. Genesis Boxes represent equity and ownership in the STC ecosystem, giving holders access to STC allocations and other benefits. Special Labubu NFTs, on the other hand, are used for mining STC through staking. The mining process follows a Bitcoin-inspired model, with STC emitted in blocks at fixed intervals and distributed proportionally among miners based on their staking power. A halving mechanism is built in, reducing the STC generated per block by half every four years to introduce scarcity over time. This separation of ownership and mining is intentional, allowing BUBUVERSE to grow the STC economy gradually and ensure the token has real utility before any market listing.
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