Token Name zkBuD
zkBud is a social gamify token: ticker symbol ZKB
Last updated
zkBud is a social gamify token: ticker symbol ZKB
Last updated
zkBud is the beating heart of the zkFarmers ecosystem, empowering farmers and individuals alike to transact and transfer community values across borders. With its purpose deeply rooted in fostering financial inclusion and facilitating seamless transactions, zkBud serves as a bridge that connects individuals engaged in web3 gamifi activities.
zkBuD purpose is to transact or transfer community values. Do normal social activity involving web3 engagements to mine Bud Token. Gamify Experiment. (Long Explanation) The primary purpose of zkBuD is to enable transactions and transfers of value within the zkFarmers community. It acts as a medium of exchange, allowing farmers and community members to participate in social activities and rewarding games while embracing the principles of decentralization and community empowerment.
Don't look if you are not socializing.
Users can apply daily social media and web3 engagements to collect zkBuds. By actively engaging in normal social media and web3 interactions, individuals have the opportunity to mine zkBud tokens. These activities may involve participating in community discussions, contributing valuable insights, sharing educational content, or promoting the zkFarmers ecosystem. Each social interaction becomes an avenue for growth with zkBud tokens, enhancing the sense of community ownership and fostering collective progress.
ZkFarmers community in a collective effort to mine the first set of tokens. Inspired by the decentralized nature of Bitcoin and the vision of Satoshi Nakamoto, Metabuds seeks to empower its community members and promote a fair and inclusive distribution of tokens.
Similar to how Satoshi Nakamoto mined the first block of Bitcoin and received a reward, zkbuds will establish a mining process where community members, known as ZkFarmers, can actively participate in generating tokens. This mining process involves leveraging web traffic and zero-knowledge proofs (ZKPs), which ensures privacy and security while verifying transactions.
Through ZKPs, zkFarmers community will collectively contribute their computational resources to solve complex mathematical problems, resulting in the creation of new Metabuds tokens. These tokens will then be distributed among the ZkFarmers, allowing them to share in the project's success and promote an equitable distribution of wealth.
Developers understand the importance of decentralization and transparency. While Satoshi Nakamoto's Bitcoin holdings remain untouched, zkbuds ensures that the newly created tokens will be distributed directly to the ZkFarmers' wallets, without any central authority or intermediaries involved. This approach aims to foster a sense of ownership and empowerment within the community, as each ZkFarmer actively contributes to the network's growth and success.
(Mining phases are with contract miner fees)users can mine 10,000,000,000 ZKB per day based on MetaCard stakes Mark up table below.
1
210000000000000
2100000
2%
98%
2
10000000000
100
-
100%
3
10000000000
100
-
100%
4
10000000000
100
-
100%
5
10000000000
100
-
100%
6
10000000000
100
-
100%
7
10000000000
100
-
100%
8
10000000000
100
-
100%
9
10000000000
100
-
100%
10
10000000000
100
-
100%
11
10000000000
100
-
100%
12
10000000000
100
-
100%
13
10000000000
100
-
100%
14
10000000000
100
-
100%
15
10000000000
100
-
100%
16
10000000000
100
-
100%
17
10000000000
100
-
100%
18
10000000000
100
-
100%
19
10000000000
100
-
100%
20
10000000000
100
-
100%
Final
Remaining supply
Remaining supply
-
100%
Please note that the table is an example and the actual mining amounts may vary based on the project's specifications and conditions.
The table example shows that during the phase (Phase 1), the team receives mining allocation, In this phase, the desired outcome is to mint 2 million Parcel tokens after mining zkbuds. The mining proof for token allocation remains on blockchain, ensuring fair distribution. The mining process continues beyond the 1st phase to cover the remaining supply of zkbud tokens. The team continues to receive no mining allocation, and a zkFarmers community participant can stake to earn 10000000000 ZKB daily, equivalent to 100 ≈ Parcel Coin.
The "Tokens mined (Parcel)" column indicates the number of Parcel tokens minted in each phase, based on the conversion rate of 100 million zkbud tokens per 1 Parcel token. Therefore, 100 Parcel represents approximately 0.00047619% of the total supply of Parcel Coin.
Please note that the contract miner fee to claim tokens is expected to rise in each subsequent phase, a indicator for increasing difficulty in acquiring tokens. The table demonstrates the mining and minting process until the final phase, where 21 million parcel tokens are minted by 2.1 quadrillion zkbuds.
Here's a table showing sum of ZKB tokens at exchange for Parcel coins, Example 10,000,000,000 ZKB can be swapped for 100 Parcel coins:
100
1,000,000,000 (1B)
200
2,000,000,000 (2B)
300
3,000,000,000 (3B)
400
4,000,000,000 (4B)
500
5,000,000,000 (5B)
600
6,000,000,000 (6B)
700
7,000,000,000 (7B)
800
8,000,000,000 (8B)
900
9,000,000,000 (9B)
1,000
10,000,000,000 (10B)
2,000
20,000,000,000 (20B)
3,000
30,000,000,000 (30B)
4,000
40,000,000,000 (40B)
5,000
50,000,000,000 (50B)
6,000
60,000,000,000 (60B)
7,000
70,000,000,000 (70B)
8,000
80,000,000,000 (80B)
9,000
90,000,000,000 (90B)
10,000
100,000,000,000 (100B)
20,000
200,000,000,000 (200B)
30,000
300,000,000,000 (300B)
40,000
400,000,000,000 (400B)
50,000
500,000,000,000 (500B)
60,000
600,000,000,000 (600B)
70,000
700,000,000,000 (700B)
80,000
800,000,000,000 (800B)
90,000
900,000,000,000 (900B)
100,000
1,000,000,000,000 (1T)
Please note that this table assumes a linear exchange rate between ZKB tokens and Parcel coins.
"In 2009, the block reward for mining a new block was 50 BTC. This remained the same until November 28, 2012, when it halved to 25 BTC. Therefore, assuming a 50 BTC block reward during the early years:
Calculate the number of blocks mined per day: In the early days, the average block time was around 10 minutes. There are 24 hours in a day, so the number of blocks mined per day would be (24 hours * 60 minutes) / 10 minutes = 144 blocks.
Determine the satoshi amount: Each BTC is divisible by 100 million satoshis (1 BTC = 100,000,000 sats). Therefore, to find the total sats amount that makes up 100 BTC, we multiply 100 BTC by 100 million sats/BTC:
100 BTC * 100,000,000 sats/BTC = 10,000,000,000 sats
Therefore, during the 2009-2010 timeframe, mining 100 BTC per day would have equated to approximately 10 billion satoshis per day.
It's important to note that the Bitcoin network and mining landscape have evolved significantly since then, and the block reward has halved several times. As of my knowledge cutoff in September 2021, the current block reward is 6.25 BTC per block."
