Deb0x is a fairly launched decentralized end-to-end encrypted communication and storage protocol with built-in economic incentives.
DBX is a reward token that is programmatically minted when someone uses deb0x. It is designed to create a network effect around the protocol and thus encourage its adoption.
Users receive DBX when sending messages through the protocol. The reward value received by one user per message is calculated by dividing the distribution of the daily reward by the number of messages sent during that day. An amount of 10000 DBX will be rewarded on the first day, in which case, if 10 users each send a message in the first 24 hours, each of them will be able to claim 1000 tokens. The rewards can only be computed after the day has passed. That is why users cannot claim them until the next day. The daily reward pool decreases by 0.2% and thus simulates a yearly "halvening". One year after the launch, the protocol will generate less than half of the reward minted during the first day. If at least one message is sent every day, DBX generation will end in about 62 years (22532 days) concluding its total supply of 5.01 million tokens.
Users pay small protocol fees per message with native blockchain coins. The fee value represents ca. 10% of the network fee (gas) that was spent for sending the blockchain transaction. The protocol fees are paid in addition to the blockchain network fees and represent the core value behind DBX token. All rewards are by default staked and accrue native coin fees which are distributed based on the percentage of the total staked amount of DBX tokens. The reward receiver can unstake and transfer the DBX tokens at any time. DBX token holders can “externally” stake any amount from their wallet and start earning a corresponding percentage of the accrued fees.
At launch, deb0x will be deployed on an initial EVM-compatible blockchain; however, we expect multiple deployments on other such chains in the future. In this case, we believe each deb0x instance should have its own isolated “journey”. Various chains have their unique usage costs, resulting in some DBX instances being cheaper or more expensive to produce, thus the underlying value will be different.
DBX is a reward token that is programmatically minted when someone uses deb0x. It is designed to create a network effect around the protocol and thus encourage its adoption.
Users receive DBX when sending messages through the protocol. The reward value received by one user per message is calculated by dividing the distribution of the daily reward by the number of messages sent during that day. An amount of 10000 DBX will be rewarded on the first day, in which case, if 10 users each send a message in the first 24 hours, each of them will be able to claim 1000 tokens. The rewards can only be computed after the day has passed. That is why users cannot claim them until the next day. The daily reward pool decreases by 0.2% and thus simulates a yearly "halvening". One year after the launch, the protocol will generate less than half of the reward minted during the first day. If at least one message is sent every day, DBX generation will end in about 62 years (22532 days) concluding its total supply of 5.01 million tokens.
Users pay small protocol fees per message with native blockchain coins. The fee value represents ca. 10% of the network fee (gas) that was spent for sending the blockchain transaction. The protocol fees are paid in addition to the blockchain network fees and represent the core value behind DBX token. All rewards are by default staked and accrue native coin fees which are distributed based on the percentage of the total staked amount of DBX tokens. The reward receiver can unstake and transfer the DBX tokens at any time. DBX token holders can “externally” stake any amount from their wallet and start earning a corresponding percentage of the accrued fees.
At launch, deb0x will be deployed on an initial EVM-compatible blockchain; however, we expect multiple deployments on other such chains in the future. In this case, we believe each deb0x instance should have its own isolated “journey”. Various chains have their unique usage costs, resulting in some DBX instances being cheaper or more expensive to produce, thus the underlying value will be different.
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Deb0x is a fairly launched decentralized end-to-end encrypted communication and storage protocol with built-in economic incentives.
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