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Economic-Brief.md

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Purple Economic Brief

This brief highlights key numbers and concepts in the Purple Economy in one place, covering 🟣 PURPLE, πŸ”΅ BLUX, and β˜€οΈ Sol.

🟣 PURPLE Economic Brief

Tech

eosio.token-based purplepurple on WAX blockchain

Utility

🟣 PURPLE provides 1 Upvote per day on 1 piece of content when held by an Everstone NFT. Each Everstone can hold 64 PURPLE, equal to 432 daily Ups max through scaling rewards. Everstones give content a boost, while also limiting how much influence one PURPLE holder can have on the Top Charts.

PURPLE will be used across all current + future cXc.world mapps. PURPLE is divisible up to 8 decimal places.

Max Supply = 35,831,808 (127) 🟣 PURPLE

Here's exactly how many PURPLE have been issued.

29,858 🟣 - Founder Pay for 2021
100,000 🟣 - Team + Dev Pay
100,000 🟣 - Messenger Program + Promo + Airdrops πŸͺ‚
248,832 🟣 - Initial Release on Alcor

We won't issue any more PURPLE for sale until all 248,832 PURPLE are sold.

We will issue 105,120 per year for the Artist Rewards pool (365 x 288)

Here's the prices of our first sell orders

Price ~ # PURPLE Available (rounded)

20 WAX ~ 3,190 🟣 (Currently Active) 21 WAX ~ 6,380 🟣 (TBA) 22 WAX ~ 9,570 🟣
23 WAX ~ 12,760 🟣
24 WAX ~ 15,950 🟣
25 WAX ~ 19,140 🟣
26 WAX ~ 22,330 🟣
27 WAX ~ 25,520 🟣
28 WAX ~ 28,710 🟣
29 WAX ~ 31,900 🟣
33 WAX ~ 35,090 🟣
36 WAX ~ 38,280 🟣

We'll list one sell order at a time, starting at the cheapest. We will wait at least 7 days after one sell order clears to list another sell order.

After all sell orders clear, we'll list 248,832 more 🟣 PURPLE priced from 40 - 60 WAX.

Some PURPLE budgeted for sell orders will be added directly to the DeFi pools, taking supply from the most expensive sell orders first.

🟣 Budget (Fraction of Total Supply)

1/12 🟣 - Founder
1/12 🟣 - Sell Orders
1/12 🟣 - Promo
1/12 🟣 - Team Pay
4/12 🟣 - Creators Fund (cXc.world Rewards)
4/12 🟣 - TBD

Buy 🟣 PURPLE on Alcor


πŸ”΅ BLUX Economic Brief

Tech

eosio.token-based bluxbluxblux contract on WAX blockchain

Utility

πŸ”΅ BLUX is a reward given to creators that receive 1 Up on a piece of content they created. Guardian and Changer roles can also earn BLUX.

1 BLUX can be spent to make 1 Blu Up. Ups make content appear bigger on the mapp, and higher on the charts. BLUX is indivisible.

Because SOL is limited, BLUX is the only way to Up a single or multiple pieces of content more than 288 times in one day (cumulative).

Max Supply = Max Possible on EOSIO (264-1) πŸ”΅ BLUX

Here's exactly how many BLUX have been issued (At Publication)

2,000,000 πŸ”΅ - Promo Budget
200,000 πŸ”΅ - Liquidity pools

We will issue up to 5,500,000 BLUX during the promotion of cXc.world Beta, 5,000,000 for promotion and 500,000 for liquidity. Also, we may add leftover Promo budget to liquidity pools.

Additionally, 1 BLUX is issued to be paid to artists for each Sol Up they receive (batch pre-issued 1,000,000 at a time)

BLUX is paid daily to holders of Everstone NFTs.

BLUX is being minted at 1,000,000 BLUX at a time for Everstone rewards when BLUX is depleted (2020-2023). Starting in 2023, the minting amount may be raised no greater than 10,000,000 at one time to ease manual minting frequency.

Buy/Sell πŸ”΅ BLUX on Alcor


β˜€οΈ SOL Economic Brief

Tech

SOL is a Simple Assets fungible (simpleassets contract) token operated by currentxchng.

Utility

β˜€οΈ SOL is spendable 1:1 for Sol Ups on cXc.world. SOL is freely given, but cannot be bought, sold, or traded, and each user can hold up to 288 SOL at a time. A user can receive up to 288 SOL per day. SOL is indivisible.

Max Supply = Max Possible on EOSIO (264-1) β˜€οΈ SOL

There is no trading of SOL.

Please Note: Staking PURPLE will be added after Beta is released. See roadmap.