Is your ultimate aim to earn cashables or BBS tokens?

The reduction in  CPM rate from 150 to 50 is bound to draw complaints from some people.

My question to those who complain is what is their target? Is it to get cashables or to get BBS tokens.

The CPM rate reduction to 50 has reduced the cashables we get from posting to 1/3.

But the exchange rate when we cash out has gone from around 7.5 BBS per cashable to more than 30 BBS.

We can say that the exchange rate has gone up by  roughly 4X. This is in line with the price of BBS tokens that has fallen from around $0.14 to around $0.032

4 X 1/3 = 4/3

Ie.  the rate that we can get BBS tokens has increased by 33% compared to the time when the BBS token was officially launched.

At that time the exchange rate was reduced from the prelaunch rate of 30 BBS to the flexible rate based on the market price of BBS tokens.

Now that the price of BBS has fallen so much that the exchange rate is higher than  artificially high prelaunch rate of 30 it is not sustainable to maintain a CPM of 150.

BBS was an infant social media platform and so the exchange rate was set at 30 in order to attract people to join BBS.

As BBS grows, the combination of both high CPM and high exchange rate is not feasible.

When the price of BBS tokens recovers, we can be sure that the CPM rate will be revised.

UPDATE To The Above

When 🦋 last checked the exchange rate for BBS tokens has increased further to 42 BBS tokens per cashable42/7.5  X 1/3 = 1.888

Ie .we are now getting almost 89% more BBS tokens per impression than what we were getting in March or April 2022

We are getting so much more BBS tokens per impression because of the low current price of BBS tokens which necessitates the reduction in CPM rate.

Otherwise we will be getting 286% more tokens per impression than a few months ago.

Think of the capital gain we reap if one day the price of BBS goes back up to $0.14

STOP COMPLAINING and rejoice instead

🦋🦋🦋🦋

Point #2

Another important point that 🦋 want to mention that a CPM rate of 50 is fairer to the majority of BBS communities.

The CPM rate for most of the BBS communities is just 5.

They are at such a great disadvantage compared to the few communities with a CPM rate that is 30X higher.

Reducing the CPM rate to 50  will allow the smaller BBS  communities to compete against the established communities.

This is important if we want to have more BBS boards to be set up. A more even playing field will attract users to try to set up new BBS boards.

This will be good for the long term growth of the BBS platform.

🦋🦋🦋🦋

Point #3

Based on the Tokenomics of BBS tokens, there is a limited number of BBS tokens for Engagement Mining.

Giving out the tokens quickly now will reduce the amount of tokens that can be given in the future.

We do not want to quickly run out of tokens.

The amount of BBS tokens available for Engagement Mining is limited just like the amount of Bitcoin that can be mined is limited.

Roughly every 4 years, Bitcoin has a "halvening". The amount of bitcoin awarded to miners is halved making it 2X as difficult to mine Bitcoin.

BBS  token mining will also have to become more difficult as the availability of BBS tokens diminish.

This is why we cannot afford to let it diminish too quickly.

🦋