End of Quarter Staking Rewards, Top Posts of the Week, and Engagement Mining Criteria update!

May 21, 2022 9:06 AMPublished May 21, 2022 9:06 AM

Hello BBSers!

It’s been an exciting period and we have some new announcements to make!

Staking Rewards Released

Along with the first quarter rewards being distributed, we’ve also updated the Staking user guide to include details on how to claim and restake rewards.

Check it out!

bbs.marketBBS Token StakingThe BBS staking contract 0xfe459828c90c0ba4bc8b42f5c5d44f316700b430 is designed to reward parties that lock their BBS tokens for prolonged periods, with more BBS tokens, in direct proportion to the user’s amount locked and the locking period and the amount of total locked stakes. This mechanism gives one the option to lock, extend earn rewards and eventually cash out fiat.Rewards, Quarters and SharesStaking rewards are distributed on a quarterly basis. Quarters are defined as consecutive periods of exactly 91 days, measured from the deployment of the contract.Once a stake is locked, the staker receives shares for every quarter of the locking period. The number of shares is defined as the number of tokens locked, with a boost of 25% on that amount for every extra quarter beyond the current one, with a limit of 13 quarters in total.A staker that locked X tokens from quarter 0 to quarter 13 will receive 4X shares for quarter 0, 3.75X shares for quarter 1, 3.5X for quarter 2, and so on until X shares for quarter 12.Once a quarter has passed, anyone who had BBS tokens locked in the contract during that period can withdraw an amount of the reward declared proportional to the total amount of shares allocated and the number of shares the specific stake was granted in that specific quarter.Currently, there are 130m BBS tokens sitting as reward in the contract, 10m tokens for each of the first 13 quarters.Partial Quarters and Restaking/ExtendingNote that a new stake that was locked during a specific quarter, and therefore was not locked for its entire duration, will receive shares proportional to the percentage of the quarter in which the funds were actually locked.However, when restaking your rewards back into the contract, your increase in shares is counted in full, just as if the rewards were locked at the start of the quarter. It is highly recommended that you take advantage of this benefit, and restake any rewards that you do not intend to withdraw and sell.No stake can be locked for more than 13 quarters, and the closer the unlock quarter the smaller the boost in shares the stake receives. It is, however, possible to extend the lock period of a locked stake at any point during the quarter, receiving the full boost in shares. It is, in fact, highly recommended that you extend your stake every quarter, to maximize your share of the rewards as well as your BBS DAO voting power.How to lock your BBSVisit: <a href=

Currently, there is a known bug on the staking page showing the restake/claim amount as the total estimated rewards for that stake. This causes the claim/restake amount to appear higher than it actually is if you’ve staked for a longer period. The actual claimable/restakable amount would be shown in the Total Rewards section:

This bug is purely visual and does not affect the actual rewards claimable or available to restake as it’s completely separate from the smart contract. A fix is in the works.

Top Posts of the Week

In order to encourage high quality posts, the METABBS team will be rewarding the “Top Posts of the Week” each week.

Three posts will be selected to win BBS tokens, with this week’s winners receiving $50 value of BBS tokens each.

Top posts will be determined from multiple factors, including:

Post Price
Post Comments (Simple comments such as “👍” or “good” will not be counted)
Post Likes
Post Content Quality
Post Topic (Posts that are only barely relevant to BBS Network will not be eligible)

This will be a recurring event to encourage users to focus on creating high quality content that generates real engagement.

We’ve gone through the posts of the past week and have selected our first winners already!

- Satella@bbs - “The place to be is BBS especially in a bear market, here's why”

Crypto has been hit pretty hard these past few months and especially in the last week with LUNA being wiped out of existence but one of the most damaged sector is the earning crypto sector.Play to earn was supposed to follow a narrative where people would still play games even if we were in a bear market and that seems to not be the case that much, it's because of one key element and that key element is where BBS shines compared to your average farming crypto operation but I'll explain that later on.What you need to understand about earning crypto in general is that whenever you get rewarded for an action you generally get rewarded with a pool of tokens and it doesn't really matter how much the token costs, more like how much is left in the pool. So say your average p2e token gave you 1 token a day on average which was worth $1. Let's also say you have a crash, now the token is worth $.05. Well instead of earning $1 a day you earn .05. Makes sense right?So all the people that were in the space for greed got wiped out and no longer will want to participate right?Well not let's examine how BBS is so different from that.We have the 3 tokens logic. Community tokens, cashable tokens and BBS Network tokens. When you earn cashable it's based on a more or less flat rate decided by the banner but that has no correlation with real life valuation of the end product token. So when you create 50 impressions at say $200 CPM on a post you published and own, you earned 200/1000*50 = $10 cashable. This is redeemable any time no matter the valuation of the token. Meaning that say you have $10 cashable and you want to exchange them you could get a wide range of tokens. Which also means that if you're trying to sell them instantly after getting them, you still earned those $10 even with an asset down 99.9% which was not the case with the play2earn example.Not this doesn't prevent you from having the market fluctuate on the tokens you already have redeemed but I do believe it is a very important difference because it means that every single time we're down significantly you get to accumulate way faster your tokens. Say for argument's sake that BBS's price is $1, 1token per cashable, let's ignore the fees, (it's just an example and I don't feel like working in the 30.09% variable). You can exchange it 1 to 1 or wait for it to go lower and if we got into a 95% drop bear market you suddenly get to have a .05$ valuation which means you get 20 times as many tokens.I don't know a single platform that lets you farm like this and this is great because the more bearish short term it gets the better it is. Of course while you still believe it's going to flip bullish eventually.<code class=

bbs.marketThe place to be is BBS especially in a bear market, here's whyCrypto has been hit pretty hard these past few months and especially in the last week with LUNA being wiped out of existence but one of the most damaged sector is the earning crypto sector.Play to earn was supposed to follow a narrative where people would still play games even if we were in a bear market and that seems to not be the case that much, it's because of one key element and that key element is where BBS shines compared to your average farming crypto operation but I'll explain that later on.What you need to understand about earning crypto in general is that whenever you get rewarded for an action you generally get rewarded with a pool of tokens and it doesn't really matter how much the token costs, more like how much is left in the pool. So say your average p2e token gave you 1 token a day on average which was worth $1. Let's also say you have a crash, now the token is worth $.05. Well instead of earning $1 a day you earn .05. Makes sense right?So all the people that were in the space for greed got wiped out and no longer will want to participate right?Well not let's examine how BBS is so different from that.We have the 3 tokens logic. Community tokens, cashable tokens and BBS Network tokens. When you earn cashable it's based on a more or less flat rate decided by the banner but that has no correlation with real life valuation of the end product token. So when you create 50 impressions at say $200 CPM on a post you published and own, you earned 200/1000*50 = $10 cashable. This is redeemable any time no matter the valuation of the token. Meaning that say you have $10 cashable and you want to exchange them you could get a wide range of tokens. Which also means that if you're trying to sell them instantly after getting them, you still earned those $10 even with an asset down 99.9% which was not the case with the play2earn example.Not this doesn't prevent you from having the market fluctuate on the tokens you already have redeemed but I do believe it is a very important difference because it means that every single time we're down significantly you get to accumulate way faster your tokens. Say for argument's sake that BBS's price is $1, 1token per cashable, let's ignore the fees, (it's just an example and I don't feel like working in the 30.09% variable). You can exchange it 1 to 1 or wait for it to go lower and if we got into a 95% drop bear market you suddenly get to have a .05$ valuation which means you get 20 times as many tokens.I don't know a single platform that lets you farm like this and this is great because the more bearish short term it gets the better it is. Of course while you still believe it's going to flip bullish eventually.<code class=

- LGuigs@bbs - “FOR BBS TO GROW, WE NEED TO?”

OK, this is just my opinion, but please hear me out!Since the decline in Banter and the crackdown on copied posts, as well as the CPM being back at 150. Everyone seems to have flocked to METABBS.I get it people feel at home at MetaBBS, it's easy. It has a large community and plenty of interaction. Though it's now taking nearly 50% of the engagement mining rewards.Now for BBS on a whole to be successful we need diversity.What I mean by this is there is only so much people can post about 1 subject (BBS Network). Before it gets boring, repetitive and people lose interest.If people lose interest this is bad for the BBS Network.We need to diversify and support the smaller upcoming communities.So I personally am heavily involved with Meta Engagers, but find time to support some of the newly funded groups. As well as some of the previously funded groups.Such as BBSMATE, MWATALK, CHICKEN and SATIVA. As well as posting here and Banter occasionally.In these communities you can post something different.Visit the pages, read the guidelines, choose a topic, post away.<mark class=

bbs.marketFOR BBS TO GROW, WE NEED TO?OK, this is just my opinion, but please hear me out!Since the decline in Banter and the crackdown on copied posts, as well as the CPM being back at 150. Everyone seems to have flocked to METABBS.I get it people feel at home at MetaBBS, it's easy. It has a large community and plenty of interaction. Though it's now taking nearly 50% of the engagement mining rewards.Now for BBS on a whole to be successful we need diversity.What I mean by this is there is only so much people can post about 1 subject (BBS Network). Before it gets boring, repetitive and people lose interest.If people lose interest this is bad for the BBS Network.We need to diversify and support the smaller upcoming communities.So I personally am heavily involved with Meta Engagers, but find time to support some of the newly funded groups. As well as some of the previously funded groups.Such as BBSMATE, MWATALK, CHICKEN and SATIVA. As well as posting here and Banter occasionally.In these communities you can post something different.Visit the pages, read the guidelines, choose a topic, post away.<mark class=

- kryptokitty@bbs - “🌟 24 H AFTER THE WEEKLY CHAT”

bbs.market🌟 24 H AFTER THE WEEKLY CHATSunday 15th of May was another edition of The Weekly Chat. <mark class=

$50 in BBS tokens has been sent to each account.
Congratulations to each of these publishers and keep up the great work!

Posts are already being nominated for the next event, so make sure to get your best post out there this week for a chance to win!

Engagement Mining & Growth Seeding Criteria Update

With the recent additions into the Engagement Mining program and growth seeding waves, we’ve seen many fresh communities rise through the rankings! As we advance through the pilot phase of Engagement Mining, we’ll be updating criteria needed to qualify for approval at times to ensure that there is a diverse selection and provide different communities with approval.

Moving forward, only boards with a focused topic will qualify for future Engagement Mining approvals or Growth Seeding selection.

This means that boards seeking approval for Engagement Mining or selection for Growth Seeding must ensure that their board has a provided topic for members to post about (such as how METABBS is about the BBS Network, VILLA & BANTER is about crypto, THEORY is about Star Wars, etc)

For boards affected by this change that still would like to apply for Engagement Mining, we recommend transitioning into a board topic that fits your community. Feel free to contact the METABBS Community Admin for suggestions or questions.

It’s important that approvals into the Engagement Mining program remain diverse in order to ensure a healthy growth of the network as a whole into a variety of subjects and domains.

The Engagement Mining Criteria & Application post has also been updated:

BBS Engagement Mining Pilot PhaseWith 3.2 launching full BBS token integration, we’ve had a LOT of questions about how boards can qualify to join the Engagement Mining pilot phase.Engagement Mining - Post Pilot PhaseWhile the Engagement Mining pilot phase will be operated by the developing team of BBS, once the full functionality of the Engagement Mining program is released, the decision of approval would fall to the <a href=

bbs.marketBBS Engagement Mining Pilot Phase - Criteria & ApplicationBBS Engagement Mining Pilot PhaseWith 3.2 launching full BBS token integration, we’ve had a LOT of questions about how boards can qualify to join the Engagement Mining pilot phase.Engagement Mining - Post Pilot PhaseWhile the Engagement Mining pilot phase will be operated by the developing team of BBS, once the full functionality of the Engagement Mining program is released, the decision of approval would fall to the <a href=

What do you think of these changes and events? Comments and feedback are always welcome!

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End of Quarter Staking Rewards, Top Posts of the Week, and Engagement Mining Criteria update!

Staking Rewards Released

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Engagement Mining &amp; Growth Seeding Criteria Update

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