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Roadmap

Business model

The tokenomics is TBD TBC - we are welcoming feedback from the community

Currently a single massive project can flood the market with 1,000,000,000 of PVT

That will be disastrous for the health of the economy

One of the principles behind BaseX is to empower underprivileged people and organisations who do impactful things but are not appreciated in the current financial system.

Some possible solutions to keep the economy healthy:

• allowing to burn PVT (reducing supply) to obtain some unique privileges / badges / NFTs
  • definitely allowing to burn in order to establish “proof of impact” and genuine flex ✅
  • quadratic easing, burning 100 PVT with create 10💎, burning 1m will create 1k💎
• minting of the tokens is not instant but happens in monthly / quarterly cohorts, with the allocation of 100k per cohort
  • someone could game the system and submit quarterly reports to participate in each round
  • such behaviour would effectively force everyone else to the quarterly reports related evaluations
• Mitigate by providing a ceiling of 5 or 10% so that a single organisation can mint only up to a certain amount
  • it has an additional 2nd order effect: those we generate loads of value will have an additional incentive to onboard other projects ✅
• Limiting monthly / quarterly withdrawals, effectively not making the token fully transferable / transferable with limits. Think in terms “stabiliser wheels in a bicycle”.

Limiting the transferability of NVT

So you are an organisation that generated negative value and you “awarded” NVT. Just send to the burn address. Currently we keep track of historical NVT but surely there should be some function that allows erasing NVT through purchase of PVT