Posting

You’ve heard of EVM Equivalence, but what about EVM Equivalent Economics

Posting on our site is synonymous with making a transaction on the Ethereum blockchain after the EIP-1559 upgrade. Every user must pay a base fee and there is an option to tip/pay stakers of your post. After 24 hours, all stakers can collect their full stake with a yield dependent on how well the post scores.

The base fee a user pays is calculated using the tokenomics outlined in EIP-1559 and the entire base fee is converted to the non-transferable variant to be distributed daily to users. The fee is near zero when there is not much activity on the site but increases as more content is posted. Therefore, when the site first launches and not many people are on it, it will be free to post and earn. If the site is successful and many users enter the ecosystem, then users will have to begin paying tokens in order to post. More posting leads to more rewards and therefore higher inflation, but also leads to more burning and therefore deflation. We expect these tradeoffs to lead to a healthy economy.

The base fee also discourages spamming and low-quality content. Our goal is to design an economic system that punishes bad actors. These bad actors can come in many forms, such as misinformation, bots, reposters, spammers, multi-accounters, etc. Since these things are bad for the platform, users are incentivized to weed them out