How do you counter game and BST growth stagnancy?
Last updated
Last updated
Users are incentivized to keep taking care of their owned Blobbles. This happens through the Blobble-specific issuance of BST tokens:
Older Blobbles earn more.
Unhealthy Blobbles earn nothing.
A Balanced Approach
If users feel that the BST rewards do not weigh up against the effort and/or cost of Blobble caretaking, they will stop taking care of their poor Blobble and it will become unhealthy.
Seeing as unhealthy Blobbles earn nothing, this means that the poor Blobbles former daily BST rewards will now be distributed amongst all other Blobbles who are still of good health.
When 1 Blobble goes unhealthy, other Blobbles earn more BST for their owner.
A Growing Incentive
The BST token that a Blobble earns is backed by the and . Healthy and older Blobbles earn more BST, which provides incentive for users to take care of their minted Blobbles and look for older Blobble to .
The BST token is designed to go up. This is achieved by placing a 5% tax on both . This tax ensures that the total supply of BST tokens grows slower than the total amount bnUSD backing each token.
If there is no minting and redeeming happening, the price of BST stops growing This is why Blobble game play and Eye on ICON validator node reward distribution are closely intertwined with the minting and redeeming functionalities of the BST contract.
Here are some examples of BST minting and redeeming:
When a user mints or adopts a Blobble with bnUSD, 70% is used to mint BST tokens.
When a user feeds a Blobble for up to 7 days with bnUSD, 100% is used to mint BST tokens.
When the Eye on ICON Validator Node receives node rewards, 100% (after costs) is used to mint BST tokens.
When a user purchases a Blobble on the Market, 90% is used to mint BST tokens.
Visitors who want to hold BST token in their portfolio can mint BST Tokens.
Users who vote for the Eye on ICON Validator Node receive BST tokens, these can be redeemed for bnUSD.
Users who hold a Blobble NFT receive BST tokens, these can be redeemed for bnUSD.
Users who hold an iDoge NFT receive BST tokens, these can be redeemed for bnUSD.
Users who hold a 16Bit Fight Club NFT receive BST tokens, these can be redeemed for bnUSD.
As the Blobble World expands, new game play ideas and token campaigns may arise in order to power additional BST minting and redeeming activity.