Script Network Documentation
  • Getting Started Guides
    • How to Sign Up + Sign In to Script TV
    • Using the Live TV player
    • Navigating the Script TV Dashboard (Test Phase)
    • Testnet, Explorer + Creating a Wallet (Test Phase)
    • Reward System: Script Points, Zealy, Galxe + more
  • ScriptGLASS - How to mint
  • 🎬About Script Network
    • Introduction
    • Products
    • Why Script TV?
    • How it works
    • Understanding the Script Blockchain
    • Script TV + Web3
    • Market Strategy
    • Benefits
    • Comparison
  • πŸ—ΊοΈRoadmap
  • πŸͺ™Script Tokens
    • SCPT
      • Detailed SCPT Tokenomics
    • SPAY
      • πŸ’°SPAY Tokenomics
        • πŸ•ΆοΈScriptGLASS explained
          • Economics
        • Allowable/Earnable Watch Time
      • Mechanism Design of Glasses
        • Glass Types
        • Glass Payouts
          • Durability
        • Gems
        • Levels
        • Recharge Vouchers
        • Recharge Voucher Mechanism
        • Recharge Costs
        • Glass Minting
        • Game Theory
  • 🦸For Users
    • ⛓️Blockchain Integration
      • Installation guide for Script Node setup for Win , Mac and Linux
      • Build and Install
      • Run Unit Tests
      • Launch Script Node
      • Command Line Tool
      • Steps To Upgrade The Chain
      • Account/Wallet Management
      • Call Smart Contract
      • Turing-Complete Smart Contract Support
    • Basic Concept
    • Tokens
    • Script NFTs
    • Transactions
    • Script Wallet
    • Faucet (Technical)
    • Smart Contracts
  • 🌐Script Network Explorer
    • Block APIs
    • Transaction APIs
    • Account APIs
    • Stake APIs
  • πŸ”―Nodes
    • Node Token Emissions
    • Lightning Node Overview
      • Validator / Lightning Node Setup
        • Steps To Change Node Password
        • Stake to the Lightning node
    • Lightning Staking Process
      • Lightning Stake Withdrawal Process
        • Staking through Web Wallet
  • πŸ’ Validators
    • Block Settlement
    • Steps To Migrate Lightning/Validator
  • πŸ“’Edge Documentation
    • Introduction
    • What is Edge
    • How it works
    • Edge Uses
    • Possibilities with Edge
    • Edge Features
    • Benefits
    • Use Cases
  • πŸ”—Smart Contract Development
    • πŸ’» How to quickly deploy a smart contract on Script Blockchain
  • Smart Contract & App Development
    • Turing-Complete Smart Contract
    • Ethereum RPC API support
    • Setup the ETH RPC Adaptor for the Script Testnet
    • Metamask
    • Truffle
    • Hardhat
    • Remix
    • Web3.js
    • Explorer Tools for DApp Development
    • Script Blockchain SRC20 Token Integration Guide
  • πŸ“”API References
    • Metamask Script Network RPC Details (Testnet)
    • RPC API Reference
      • Examples
      • GetBlock
        • Transaction Types
        • Request
        • GetBlockByHeight
      • GetTransaction
        • GetPendingTransactions
    • Tx APIs
      • Broadcast Raw Transaction
      • BroadcastRawTransactionAsync
    • ScriptCli APIs
      • Account APIs
        • NewKey API
        • ListKeys
        • UnlockKey
        • LockKey
        • IsKeyUnlocked
      • Tx APIs
        • Send
        • Configuration for the Script Blockchain Node
  • 🀝Referrals/Network Effects
  • πŸ›‘οΈ Audits
  • πŸ“ŠScript Network Blockchain Summary
  • Disclaimer
  • Frequently Asked Question
    • To resolve the block height issue
    • Update seed peer to resolve connectivity issue
Powered by GitBook
On this page

Was this helpful?

  1. Script Tokens
  2. SPAY
  3. Mechanism Design of Glasses

Gems

PreviousDurabilityNextLevels

Last updated 2 years ago

Was this helpful?

There will be three gems each being unlocked every 10 levels such that gem 1 unlocks at level 10, gem 2 at level 20 and gem 3 at level 30. Users will have to buy gems from SPAY tokens and the proceeds will be burned. Users with gems will be eligible for weekly rewards. The protocol will have three reward pools for each gem level. The amount of SPAY to be funded to each of the pools will be dynamic and initially determined by the protocol. Each user holding a gem will be eligible to obtain a share of the reward pool based on the watch time. The reward distribution formula is defined as:

The reward is for a defined time period. β€˜Wu’ is the watch time of the user i.e. the number of minutes the user has watched over a given time period. β€˜Wt’ is the total watch time on the protocol by all users holding the gem of that particular tier. β€˜P’ is the amount of SPAY in the reward pool and β€˜n’ represents the gem tier.

πŸͺ™