- The mechanism of mining
Everyday CBNT tokens would be released from the mining pool as an incentive to attract more people. The target audience for CBNT are the authors, readers and token holders. The incentive is divided into three parts with 45% for authors, 45% for readers and 10% for token holders.
The quality of a content is one of the factors highly emphasized on by CBNT as the quality of the content gives rise to the amount of sharers, writers and traffic you generate which also contributes to the amount of incentive that is being issued.
Rating rights would be used on the platform which would be given to the readers with each reader having different voting weights. The weight of the readers later determines the impact on the content rating, obviously the higher the voting weight the greater the impact on the content rating. The mining rewards are provided based on the following factors;
- The originality of the article
- The reader’s behaviour weight.
- The amount of view generated by the article.
Scores would be generated on which the daily token pool would be distributed. - The value weight of viewer’s mining is composed of the factors below which shows it makes a major impact.
- The Amount of Token.
Tokens are held by viewers and part of the mining value of the viewers is gotten from that. It is directly proportional to the weight of the mining value which allows for more rewards and incentives to be provided in the future.
The Contribution Value
To further emphasize the importance of users, each user is given a contribution value that shows how much the user contributes to the community. It is gradually accumulated over a long period with the involvement of the user in the community issues. The greater the contribution value the greater the mining incentive.
Sharing
Successful Sharing of high quality contents with friends and on social media leads to high content value as it records mining behaviour.
Commenting
Readers are allowed to write in the form of comments. When comments go a long way in attracting likes and a repost then the viewer who commented and the writer can be rewarded with mining incentives.
Liking
With every like attached on your high quality content your content mining incentives value is likely to increase.
The value of CB
Of course there is a limit to the mining capability of every viewer. Every mining consumes a certain CB value. Each mining consumes a certain CB value. The CB is used to control the rewarding of the mining behaviour so that the wealth is evenly distributed. 100 points is usually added the CB every 24 hours and when a user exhausts his/her CB value the user can go on liking and commenting with no reward until the CB value gets renewed.
The Mining Behaviour Bank
This shows how the value of a content decreases over time as new contents just revealed and liked are worth more than old contents. This is done to encourage the viewers and communicators who drop high quality content since new contents gives more incentive than old ones.
Token Details
Conclusion
Finally, the model based system of an online news room that gives incentives and rewards to writers and users has modified and the benefits and designs are written above. You can read through and see what you stand to enjoy by joining hands with CBNT.
For more information about CBNT , See below:
- CBNT website: www.cbnt.io
- Facebook: https://www.facebook.com/cbntofficial/
- Twitter: https://twitter.com/CbntOfficial/
- Steemit:https://steemit.com/@cbntofficial
- Medium: https://medium.com/@cbntofficial
- Whitepaper: https://www.cbnt.io/whiteBook1.pdf
This Article is written by invbeejay
BTT profile link: https://bitcointalk.org/index.php?action=profile;u=1900615