Added to list of projects to keep eye on. What is the reason we should buy? Any incentive? I bet i heard 2 HEARTBOUT 3 similar projects, any difference between you and them?
Good day,
HeartBout economics was developed by a high class ecomists. There is only one similar project which is Steemit however, HeartBout has a unique reward system. Compare to Steemit advantages:
1) In HeartBout:
Main Principles
The HeartBout coin token (abbreviated as HBC) is the only and the basic token of the HeartBout social networking service.
The HBC is used as a reward for actions of the HeartBout social network users and is directly connected with the advertising capabilities of the social network, i.e. it allows to pay for the advertisement exposures in the social network at the following price:
100 HBC = DAU * U,
where DAU - is the number of unique users that have visited the application during 24 hours.
U – advertisement exposure.
Consequently, per 100 HBC a user can buy the amount of ad exposures equal to DAU. The value of DAU is daily updated and adjusted.
Therefore, the price of the HBC token directly depends on the success rate of the HeartBout social network, and, more precisely, from the number of DAU in the network.
The HBC token economy can be called the advertisement standard (similarly to the gold standard) quite reasonably. It is based on the advertisement standard (100 HBC = DAU * U) that guarantees the exchange of the issued HBC tokens to the relevant amount of advertisement exposures in the HeartBout social network by its holder’s request and according to the current exchange rate.
In Steemit it is difficult to understand its economics and security
2) In Steemit popular posts are not voter’s choice, where top post is the post who earned most regard, where the reputation of user earns most reward where it can be 10 votes and the post is on top and the post with more votes is on the bottom. In HeartBout is different:
Author Reward
The HeartBout social network rewards its authors.
Rewards for publications depend on the power of publication calculated according to the following formula:
where PP is the power of publication,
PL – is the power of hot heart of the user who reacted to the publication positively.
PP (Power of Publication) allows to distribute the total volume of tokens issued during 24 hours between certain publications (distribution of issued tokens between them), and the reward of the author and users estimating a certain publication depends on it.
Distribution of issued tokens between publications is made according to the following formula:
,
where – issued tokens for a publication per day,
–total volume of issued tokens,
– power of publication.
The issued tokens are distributed as rewards to the author, miners, and voters. The author receives 65% of the issued tokens.
The power of publication is reset after the rewards are distributed. When the issuance is calculated, only the hot hearts received during the 24 hours after publication are taken into account. The publication can be involved into the distribution of issued tokens an unlimited number of times.
Comments to publication also have such properties as the power of publication and hot and cold hearts and take part in the distribution of issued tokens in the same way as all the other publications of the social network.
Voter Reward
The reward for reacting to the publication with a hot heart is 15% of the issued tokens.
The reward is distributed between users reacting to the publication.
In order to prevent the user activity aimed at increase of their rewards (the users might tend to add hot hearts to publications with a big number of hot hearts), the reward is distributed taken the sequence number of the hot heart in the publication into account. Besides, the reward depends on the power of the hot heart added to the post. This measure prevents users from adding hot hearts to all publications.
The share of the participant is calculated according to the following formula:
where SAL is a user share,
N is the sequence number of the hot heart,
n is the total number of hot hearts in a publication,
PL is the power of the hot heart.
Therefore, the user share is the percentage of the total reward amount of all parties. It allows to determine the reward for each certain user (AL):
Power of Heart
The power of hot heart (PL) is the power with which the hot heart of the user influences the amount of tokens issued by the publication.
As to prevent the attempts to drive up the hot hearts (likes) and other fraud actions, an instrument restricting the number of the hot hearts with power that are available for the user is used.
The instrument determines a dependence between the number of the hot hearts used and the power of each next hot heart according to the table below:
Number of Hot Hearts Used
Power of Each Next Hot Heart (PL)
0. 1
10. 0,8
20. 0,6
30. 0,4
40. 0,2
50. 0
The power of the hot heart is restored each 9,6 hours to 0,2 of power. Consequently, the power of the hot heart is completely restored during 48 hours.
The maximum power of the hot heart is 1, and the minimal power of the hot heart is 0.
3) In Steemit there is no preferences by giving dislikes which can lead to misjudgment. In HeartBout:
Voting with cold heart
When a user votes with cold heart , this heart doesn’t influence the issuance of tokens but it can restore the power of a hot heart of the voter using a so called reliable cold heart.
If the number of cold hearts voted for publication during 24 hours since it was posted is more or equal to 30% of the number of all hot hearts added during 24 hours, then the cold hearts voted are considered to be reliable, and all users who have voted with their cold hearts to the publication have the power of the hot heart restored.
In order to avoid unjustified recovery of the power of the hot heart, the users can vote with their cold hearts that already have a big number of cold hearts, and the value of the hot heart power recovery will depend on the sequence number of the cold heart:
Cold Heart Sequence Number
Hot Heart Power Recovery Value
First 20% users. 0,2×PD
Second 20% users. 0,15×PD
Third 20% users. 0,1×PD
Fourth 20% users. 0,05×PD
Last 20% users. 0,025×PD
Consequently, the maximum value of the hot heart recovery with the help of one reliable cold heart is 0,2.
Also...,
The power of cold heart (PL) is the power with which the reliable cold heart of the user influences the value of the hot heart power recovery.
As to prevent the attempts to drive up the cold hearts (dislikes) and other fraud actions, an instrument restricting the number of the cold hearts with power that are available for the user is used.
The instrument determines a dependence between the number of the cold hearts used and the power of each next dislike:
Number of Cold Hearts Used
Power of Each Next Cold Heart
(PD)
0. 1
10. 0,8
20. 0,6
30. 0,4
40. 0,2
50. 0
The maximum power of the cold heart is 1, and the minimal power of the cold heart is 0.
Concerning why you should buy:
1) For example: 1% DAU = 1HBC
The user will be able to receive 300 views for 1 HBC with DAU of 30 000 users at a recommended price of $ 0.6. Thus, for 3.3 HB you can get 1000 views.
The user will be able to buy 5 000 views for 1 HBC with a higher DAU of 500 000 users at a suggested price of $ 10. In this case, the price for 1 000 views will be reduced to 0.2 HB.
It is clear from the example that with an increase in the recommended price of 1HBC the price for 1 000 views will not exceed $ 2.
The tokens converted into advertising are perishing, which helps to avoid an oversupply of HBC coins at the market and their depreciation.
2) Increase in value of HBC token
Sale price of tokens HBC at ICO will be at a rate of $0,051 to 1 HBC without considering bonuses. Considering the number of DAU to be 292 970 users and its recommended price of $5.1 for 1 HBC in December 2018.
