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    RabbitHoleDigest@bbs
    Feb 18, 2022, 12:28

    This article in the BBS help section explains how you can cash out your earns when you have accumulated community crypto tokens.  The TLDR:

    https://bbs.market/METABBS/posts/gQrRF1v4xyHMun8e8oAZ

    CC earned from impressions generated on owned or published posts can be cashed out
    "Users can earn CC through bonus rewards, publishing posts, and purchasing posts, but only CC earned from impressions generated on owned or published posts are cashable to BBS tokens."  
    "One impression is one unique registered user clicking a post."

    You can start cashing out once your balance has reached $20
    "In order to cash out for the first time, a user will need to reach a minimum of $20.00 cashable balance. Once this balance is reached, the user can apply for whitelisting on the specific BBS they earned in."

    You must first get whitelisted - once your balance reaches $20
    "Once a user reaches the minimum $20 cashable balance, they can apply for whitelisting on that BBS. ... The BBS owner and their moderation team has a chance to look at the user's account activity to ensure that the cashable funds weren't made fraudulently (i.e. by trying to game the system). ... The BBS owner and moderation team have the ability to grant or deny whitelist for a user to cash out their CC into BBS tokens."

    More info on whitelisting and how to get whitelisted on WLPOND is here.

    Which token and how much do you receive?
    The cashable balance is in the community board currency. On cashing out, the chosen amount of cashable balance is exchanged for BBS tokens.
    "The current rate is 1 CC : 30 BBS tokens, but this amount will be variable once the token is public."

    What's the fee for cashing out?
    "Every cash out is subject to the BBS system fee. Currently the default fee is 30%. The system fee represents the share of the BBS's revenue distributed towards the BBS owner, BBS DAO, and the BBS operator as follows:
    - 20% is given to the BBS owner (this amount will be configurable by the owner)
    - 5% is given to the BBS DAO
    - 5% is given to the BBS operator


    Example:

    Now that the BBS token is trading, you can find the up-to-date exchange rate on the "About" tab of each BBS board. e.g. "1 BBS = $0.14" CC (on 22 Feb 2022). This is the equivalent of 7.14 BBS = $1 CC. Don't forget to deduct the fee.

    Before the token was released, the rate was as follows:
    "$20 CC cashed out to BBS tokens would grant 419.46 BBS tokens at a 1:30 rate after the system fee is applied."
    For an easy rough calculation, use factor 21:
    $20 CC x 21 = 420 BBS.

    Checking your cashable balance on BBS

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    Source: 

    https://bbs.market/METABBS/posts/gQrRF1v4xyHMun8e8oAZ

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    Further reading:

    The Cashier Mechanics explained: 

    https://bbs.market/METABBS/posts/zFh3l0MtgaQUiRJRyksD

    Graphic: Flow chart explaining revenue flows in the ecosystem:

    https://bbs.market/METABBS/posts/3jsifa2eSk35lkEIKq09

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