Tingl tokenomics

Tingl ecosystem is designed to promote a strong, long-term self-reliant economy with participant incentives aligned to the security and decentralization of the network. The main participants in the Tingl economy are:

• Service nodes - users that provide their hardware to run BAMM nodes.

• Clients - participants in the network for messaging and content distribution purposes.

They are incentivized according to their tasks and contributions to the network. There are two main types of rewards:

• BAMM protocol-based rewards

• Transaction commisions.

Service Nodes incentivization

In order to participate in the network, service node owner must stake predefine amount of BAMM tokens proportional to it's node declared resources. More powerful nodes are allowed to serve more clients. This amount is an insurance that might be slashed if node doesn't meet required SLA or trying to disrupt the network. Also entry fee prevents adversary to disrupt the network by creating many cheap nodes.

Each service node earns rewards by participating in the network and serving clients. Reward amount is proprtional to the number of users served during an epoch.

Client incentivization

Tingl tokenomics are designed to encourage clients to socialize and distribute content via the network by rewarding for such activity.

Registration

In order to join the network we ask a client to mint Soulbound Token (SBT). Soulbound tokens are just permanent, non-transferable NFTs, meaning that they can’t be given away or taken from your private blockchain wallet.

Client must pay entry fee in order to mint SBT. This prevent from spamming the network with free cheap accounts. Also SBT serves a purpose of digital identity (similar to passport in real life) and other client's assets will be linked to ones SBT.

Superlike

Each client is able to like a limited numbers of messages over a perior. Superlikes are not free. Essentially it's a onchain transaction. Author of the liked message is being rewarded for every superlike on that message. If the liked message contains a sticker, the publisher of the sticker also receives a reward via royalty model.

Verified accounts

Client may link an email and ask for verification. Verification is not free. After succesful verification we allow the client to mint SBT that proves succesful verification and link the verified email to the client's account.

Names auction

Short and brand nicknames will be reserved and then sold on auction.