Several changes to $BYTES tokenomics were proposed prior to the release of the $BYTES 2.0 proposal. This article outlines the initial proposals and many of the concepts were incorporated in to the $BYTES 2.0 Proposal.
Model
Both the table and bar chart[1] assume all proposals are adopted and that:
- A citizen is staked on the first day of implementation and remains staked.
- Halving emissions: $BYTE yield is reduced in increments of 90 days, beginning at 10%, then 12%, 14%, 16%, 18%, and finally 20%.
- 100 $BYTES were staked with the citizen (day one of implementation begins with a net negative of 100 $BYTES).
Total $BYTE Production
The Total $BYTE Production chart reflects the maximum possible amount of $BYTES created.
Individual $BYTE Yield
| S1 Citizen Yield | Initial | Month 1 (55% YLD) | Month 2 (75% YLD) | Month 3 (100% YLD) | Month 4-6 (HE -10%) | Month 7-9 (HE -12%) | Month 10-12 (HE -14%) | Month 13-15 (HE -16%) | Month 16-18 (HE -18%) | Month 19-21 (HE -20%) |
|---|---|---|---|---|---|---|---|---|---|---|
| Halving emissions begins | ||||||||||
| Low (no vault) | 1 | 0 | ||||||||
| Med (no vault) | 3 | 0 | ||||||||
| High (no vault) | 8 | 0 | ||||||||
| Low (Low +1 vault) | 2 | 1.1 | 1.5 | 2 | 1.8 | 1.584 | 1.36224 | 1.1442816 | 0.938310912 | 0.7506487296 |
| Low (Med +2 vault) | 3 | 1.65 | 2.25 | 3 | 2.7 | 2.376 | 2.04336 | 1.7164224 | 1.407466368 | 1.125973094 |
| Low (Med High +3 vault) | 4 | 2.2 | 3 | 4 | 3.6 | 3.168 | 2.72448 | 2.2885632 | 1.876621824 | 1.501297459 |
| Low (High +4 vault) | 5 | 2.75 | 3.75 | 5 | 4.5 | 3.96 | 3.4056 | 2.860704 | 2.34577728 | 1.876621824 |
| Low (Very High +5 vault) | 6 | 3.3 | 4.5 | 6 | 5.4 | 4.752 | 4.08672 | 3.4328448 | 2.814932736 | 2.251946189 |
| Low (? +7 vault) | 8 | 4.4 | 6 | 8 | 7.2 | 6.336 | 5.44896 | 4.5771264 | 3.753243648 | 3.002594918 |
| Med (Low +1 vault) | 4 | 2.2 | 3 | 4 | 3.6 | 3.168 | 2.72448 | 2.2885632 | 1.876621824 | 1.501297459 |
| Med (Med +2 vault) | 5 | 2.75 | 3.75 | 5 | 4.5 | 3.96 | 3.4056 | 2.860704 | 2.34577728 | 1.876621824 |
| Med (Med High +3 vault) | 6 | 3.3 | 4.5 | 6 | 5.4 | 4.752 | 4.08672 | 3.4328448 | 2.814932736 | 2.251946189 |
| Med (High +4 vault) | 7 | 3.85 | 5.25 | 7 | 6.3 | 5.544 | 4.76784 | 4.0049856 | 3.284088192 | 2.627270554 |
| Med (Very High +5 vault) | 8 | 4.4 | 6 | 8 | 7.2 | 6.336 | 5.44896 | 4.5771264 | 3.753243648 | 3.002594918 |
| Med (? +7 vault) | 10 | 5.5 | 7.5 | 10 | 9 | 7.92 | 6.8112 | 5.721408 | 4.69155456 | 3.753243648 |
| High (Low +1 vault) | 9 | 4.95 | 6.75 | 9 | 8.1 | 7.128 | 6.13008 | 5.1492672 | 4.222399104 | 3.377919283 |
| High (Med +2 vault) | 10 | 5.5 | 7.5 | 10 | 9 | 7.92 | 6.8112 | 5.721408 | 4.69155456 | 3.753243648 |
| High (Med High +3 vault) | 11 | 6.05 | 8.25 | 11 | 9.9 | 8.712 | 7.49232 | 6.2935488 | 5.160710016 | 4.128568013 |
| High (High +4 vault) | 12 | 6.6 | 9 | 12 | 10.8 | 9.504 | 8.17344 | 6.8656896 | 5.629865472 | 4.503892378 |
| High (Very High +5 vault) | 13 | 7.15 | 9.75 | 13 | 11.7 | 10.296 | 8.85456 | 7.4378304 | 6.099020928 | 4.879216742 |
| High (? +7 vault) | 15 | 8.25 | 11.25 | 15 | 13.5 | 11.88 | 10.2168 | 8.582112 | 7.03733184 | 5.629865472 |