Recently bloXroute made changes to our BLXR model based on feedback from the community and investors. We’ve updated our White Paper to reflect these changes.
The BLXR is a capped-supply Security created to support the development of the bloXroute Distribution Network (BDN). Blockchains using the BDN always get the first 100 TPS for free and after 100 TPS, users can choose to pay a small fee to lower their overall fee. Revenues associated with the using bloXroute’s BDN are distributed to BLXR holders.
Below we outline the new model and review the original model.
Dividend Model: Ownership of the BLXR represents a pro-rata share of 100% of the fees associated with the using bloXroute’s BDN and become immediately available for withdrawal by BLXR holders.
Functionally, fees will automatically be directed to a newly created pooled account, with one per supported currency. Each BLXR holder will have an Owner Balance that reflects their pro-rata share of all fees collected while they are owners of the less any withdrawals.
For example, if bloXroute collectes 10 in revenues and User A owns 10% of the BLXR supply, then User A will receive a 1 dividend.
Withdrawal: At any time, BLXR holders may withdrawal their pro-rata share (Owner Balances) to a they control.
BLXR Holders may also sell their , reducing their right to receive future dividends in proportion with the amount of BLXR sold. Owner Balances are unaffected and may only be reduced as described above. For example, if User A has a balance of 1 in Time 1, even if her BLXRs are sold in Time 2, her Owner Balance remains until she withdraws the funds.
Original: Reserve Model
Reserve Model: In the original model, ownership of the BLXR represented a pro-rata share of a crypto reserve. The reserve collected 50% of all the revenues associated with the using bloXroute’s BDN, denominated in those . The remaining 50% of revenues went to fund bloXroute’s operations.
Withdrawal Mechanism: To withdraw funds, BLXR holders could either 1) sell their BLXRs or 2) burn the BLXR to receive one’s pro-rata share of the reserve at that moment in time.
Conclusion
The changes made to the BLXR were made after thoughtful consideration and input from various stakeholders. We believe this dividend model will further support bloXroute’s goals of promoting the success of all .
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Published at Thu, 07 Feb 2019 22:04:59 +0000
