NovaBank
  • Nova Bank
  • Overview and Background Story of NovaBank
  • Economic Theories of NovaBank
    • Internal Coordination Theory
    • The Relationship Between Material Economy and Digital Economy
    • Game Theory of the NovaBank Protocol
    • Applying Internal Coordination Theory to the NovaBank Protocol
    • How These Mechanisms Create an Economic Flywheel
  • Introduction to the Operating Mechanism of the NovaBank Protocol
    • Treasury Contract
    • Sales Contract
    • Bond Contract
    • Staking Contract
    • Reward Vesting Contract
    • Contribution Value Algorithm Contract
  • NovaBank Internal Operation Mechanism Diagram
  • Explanation of NVB Token
  • NovaBank Ecosystem Development Plan
    • History of Token Economy Development
    • Challenges Faced by DeFi 1.0
    • NovaBank's Important Role in the Token Economy
    • NovaBank Launches Cross-Chain Protocol
    • NovaBank's Innovative Lending Product Plan
    • NovaBank DEX Implementation
    • NovaBank's Treasury Appreciation Plan
    • NovaBank 3.0: A Global Integrated Financial Autonomous System Based on Algorithmic Non-Stablecoin
  • NovaBank Ecosystem Diagram
  • Roadmap
    • Phase 1: Platform Development and Initial Operations
    • Phase 2: Business Expansion and Feature Upgrades
    • Phase 3: Global Expansion and Ecosystem Development
    • Phase 4: Innovation and Diversified Services
    • Phase 5: Building a Comprehensive Digital Financial Platform
    • NovaBank’s Vision for the Future
  • Contact
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  • Contribution Value Weight Rewards:
  • Daily New Contribution Value Rewards:
  • Contribution Value Ranking Rewards
  1. Introduction to the Operating Mechanism of the NovaBank Protocol

Contribution Value Algorithm Contract

Contribution Value Weight Rewards:

The daily contribution value reward pool is 73% of the total NVB rebase output across the network.

DailyContributionValueWeightReward=N∗M/TotalNetworkDaily Contribution Value Weight Reward = N * M / Total Network DailyContributionValueWeightReward=N∗M/TotalNetwork
ContributionValueMtotal∗DailyTotalNetworkRebaseOutput∗73Contribution Value M_total * Daily Total Network Rebase Output * 73% ContributionValueMt​otal∗DailyTotalNetworkRebaseOutput∗73

Contribution Value = (Sin(Qmax) + ∑Qi)*3 (Qmax: Maximum community computing power; Qi: Community computing power i ; i (i ranges from 1 to n)

(Calculated by multiplying each level by 0.9^(n-1), where n is the number of links from the current node to the original node)

Weight Coefficient N = 0.00003K + 0.7(where K is the staked NVB value of this address, and when K ≥ 10,000, N = 1)

Daily New Contribution Value Rewards:

Distribute 7% of the total NVB rebase output across the network daily based on the proportion of each account's new contribution value to the total new contribution value across the network.

Contribution Value Ranking Rewards

The top 99 accounts in contribution value rankings share 10% of the total NVB rebase output across the network daily, based on weight.

Contribution Value Reward Release Rules:

  • The release rules for contribution value rewards are the same as those for staking rewards.

Contribution Value Circulation Mechanism:

  • When an account's contribution value rewards reach 4 times the rebase amount(Personal initial staking), an equivalent amount of NVB tokens must be destroyed to continue enjoying contribution value dividend rewards.

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Last updated 7 months ago