Comment on page
PUBLX token supply
Distributed based on the usage of the platform
Upon the launch of the PUBLX token 100B tokens were minted and placed in PUBLC's Token Reserve, a smart contract on Ethereum. We haven't done an ICO or any token sale event and 0 tokens were pre-allocated or pre-sold to the team, investors and anyone else. At the moment of the PUBLX token launch there were 0 tokens in circulation.
Distribution Mechanism: The only way PUBLX tokens are released to circulation is as rewards to the ecosystem based on the usage of the platform triggered by clicks on content. While most existing token distribution models in the industry include airdrops, token sales or a time based mining releasing a certain amount of tokens every x minutes, we felt this models aren not right for PUBLC. We chose a distribution model based on the real usage of the platform, growing the token supply relative to platform's value.
There is a general consensus about the notion that a content platform value is derived from the amount of users who use it. The more users use a certain platform, the more the platform is worth. This is because as the platform grows there would be more demand by advertisers and businesses for the platform's paid services and more competition between them for those services. This is also true for PUBLC, which is why we decided to have the token supply in circulation be directly linked to the platform's real value.
Having the PUBLX token supply in direct ratio to the platform's value will enable to maintain PUBLC's tokenomics stable along time and the platforms growth. In the early days as the platform and its usage will be small there will be a small amount of PUBLX tokens released to circulation, but as the platform is still small there would be small demand from businesses and thus a small demand for the PUBLX tokens. But as both sides of supply and demand are growing at the same pace they will be kept stable.
Click Reward: The amount of token distributed per click is calculated based on the amount of tokens in the circulation, using an Exponentially Decreasing Function. It started from 100 tokens per click, and trends to ~0. The more tokens distributed, the less tokens are distributed per click.