Earning with BBS & Economics Overview- Updated for 3.1

There are three earning roles within a BBS community that members can fill:

BBS admins are those who create the BBSes (similar to creating and managing a new subreddit or a facebook group). Anyone can create their own BBS.

Boards generate revenue from advertising in the form of BBS tokens, either from external advertisers or from the BBS Network Engagement Mining Program. 

Engagement Mining is the fuel to the BBS ecosystem, a process in which 50% of the total BBS token supply is distributed over time to the different approved BBSes in the network through ad revenue. 

For example: If a BBS has 10% of the total impressions of the entire BBS network, they will receive 10% of the total daily distribution of BBS tokens generated by the engagement mining program.

When BBS tokens are deposited to a BBS, the royalty distribution engine processes the following:

Every post created on the BBS Network is given a banner space. Advertisers, and the engagement mining program, can bid to lease the banner space on specific boards throughout the BBS Network.

Post publishers receive 50% of the ad revenue generated by posts, paid into their cashable CC balance. Publishers also receive a share of the profits every time their post is purchased. 

Every published post across the BBS Network is stored as an NFT, and can be purchased by any community member with the CC (Community Currency). New posts are available at the default initial price (currently $0.30), while anyone can purchase any post by paying the last price + 30%. Profits from each purchase are split to the owner, publisher, and board/channel owner.

While a post is owned, 50% of the ad revenue generated from the post’s banner will be paid into the owner’s cashable CC balance.

Community Currency bonuses are granted to BBS members to allow them to engage with the ecosystem without depositing funds. Anyone can join a BBS, receive CC bonuses, and use them to purchase post’s NFTs to allow them to earn a share of the ad revenue. It’s important to note that CC’s are not withdrawable beyond the member’s cashable balance, and bonuses do not affect a member’s cashable balance.

BBS members also have a ‘Cashable’ CC balance. BBS members can cash out their Cashable balance to BBS tokens, the system fee is applied..

Unlike the main balance, the Cashable balance is only increased from impressions generated on owned or published posts. This ensures that only CCs that have been earned from actual generated ad revenue are able to be withdrawn to BBS tokens.

All cash outs are processed via the board’s Cashier, which provides liquidity to a BBS to allow members to cash out their CC into BBS tokens. Each cash out is subject to the board’s system fee, which represents the shares given to the BBS admin, operator, and the DAO. Currently the default fee is 30%, with 20% default going to the BBS admin, and 10% to the BBS operator and DAO.

Once a BBS member reaches $20 cashable CC balance, they are eligible to request whitelist approval to convert their CC to BBS tokens.

Once a request for whitelist is submitted, the BBS admin will have the opportunity to review a user’s activity to ensure no fraudulent activity was committed in the earnings.

Once the user’s whitelist request is approved, the user will be able to process their cash out through the board’s cashier. If the cashier balance is too low to process the request, the user will be entered into the ‘cashier queue’ until enough funds are deposited.