🔐Token Unlocks
Last updated
Last updated
The token unlock mechanism is a key feature of the BLIFE protocol ecosystem, designed to reward stakeholders for their contributions and engagement.
Unlocking Criteria: Tokens are unlocked when stakeholders successfully develop or utilize output solutions from the ecosystem, or when they incorporate the token as their primary form of payment.
Earning Through Contributions: The highest token yield is awarded for creating output solutions. Additional rewards are available for integrating existing protocol solutions into stakeholder projects, or for choosing to use the ecosystem's token as the primary payment method.
Multi-Stage Unlocking Mechanism: Tokens are unlocked in stages, corresponding to the completion of specific milestones or stages in the development and implementation of output solutions. The number of tokens unlocked depends on the Membership Pass Tier and the nature of the contribution.
Diverse Methods for Earning Tokens: There are several ways stakeholders can earn tokens, reflecting the diversity of contributions possible within the protocol:
Designing and implementing unique output solutions through the stage-gating process.
Utilizing existing protocol solutions in their projects.
Encouraging the adoption of their solutions by other stakeholders.
Integrating the token into their payment systems for transactions within the ecosystem.
Duration and Renewal of Token Releases: The release duration for tokens is aligned with the membership tier and the specific conditions of the unlock mechanism. Once all tokens in a membership are utilized, stakeholders can renew their membership or purchase a new one, continuing their active participation and contribution to the protocol.
Special Considerations for Different Stakeholder Groups: Different stakeholder groups, such as miners or content creators, may have unique mechanisms for token unlocks, tailored to their specific role and contribution within the ecosystem.
Further explanation of specific scenarios and case studies, such as the Edge-Case for Miners, and the overall functionality of the protocol provide a clearer understanding of how different elements and stakeholders coalesce to create a dynamic and thriving protocol ecosystem.
