Ithaca
  • OVERVIEW
    • Ithaca Overview
  • ARCHITECTURE
    • Pre-Match Processing
      • Frequent Batch Auctions (FBA)
        • Auction Specifications
        • Common Product Specifications
        • Orders
      • Risk Sharing Building Blocks (RSBB)
      • Mixed Integer Linear Programming (MILP) Optimization
      • Portfolio Dominance
      • Matching Process Summary
    • Post-Match Processing
      • Settlement
      • User Funds
      • Collateral Optimization Engine
        • Trade Collateralization
        • Portfolio Collateralization
  • ECOSYSTEM
    • Progressive Decentralization
    • Airdrops
      • Season One
        • Earning Points
        • Trading Points
          • Fills
          • Orders
          • Bespoke Trading Incentives
        • Engagement Points
          • Referrals
        • Badges and Special Points
        • Point Activation - Sybil Resistance
        • Halvings
    • Fees
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  1. ECOSYSTEM
  2. Airdrops
  3. Season One

Halvings

Beyond the initial launch, our incentive system includes a controlled emission of incentives according to a fractional reduction schedule.

For each points category, the emission rate will be reduced proportionately once a threshold of no less than the relevant fraction of the points or tokens has been awarded so as to incentivize early users and ease off incentives as the protocol matures and achieves self-sustaining momentum.

We envisage at least 6 fractional reduction / “halving” seasons over the lifetime of our entire airdrop incentive programs aligning our emission structure with naturally assigning more value to early adopters and evangelizers.

The points system will include a way to reduce emissions once a certain number of points is awarded. For each category, the system will track the total number of points awarded so far, and once the halving threshold is reached, point emissions will be cut in half.

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Last updated 4 months ago