Content Introduction
In this video, the presenter discusses the Blizz Network and its newly introduced tokconomics, focusing on the token generation event known as TGE. The video provides an overview of the 'Blizzconomics', highlighting the dual-token system comprising the 'time token' and the 'bliss token'. The time token rewards users for their contributions to the ecosystem, while the bliss token represents ownership and governance. The presenter explains how users can convert the time token to bliss token for withdrawal and outlines the distribution of tokens, capping them at specified limits. Key aspects of the staking system and user incentives for contributing to the network are also covered. The presenter encourages viewers to participate in the ecosystem, providing insights into the expected rollout schedule for the tokens and inviting questions or comments regarding the presentation.Key Information
- The Blizz Network is rolling out their tokconomics and details about their token generation event (TGE).
- They will launch two tokens: the Time Token for rewarding users based on their contribution time, and the Bliss Token for governance and long-term value.
- The Time Token caps at 100 million per epoch, while the Bliss Token caps at 1 billion per epoch, with distribution allocations to investors, team, and community incentives.
- The system aims to create a shared computer owned by people, promoting a collaborative ecosystem.
- Participation involves running a Bliss node and contributing to the ecosystem through content creation or innovative applications.
Timeline Analysis
Content Keywords
Blizz Network
The Blizz Network has rolled out its tokenomics, including information about their token generation event (TGE) and an overview called Blizzconomics. They have designed two tokens to work together, turning every device into a global computer owned by the people.
Time Token
The Time Token will reward users for their time spent contributing to the ecosystem. Users will not be able to withdraw this token but can convert it to Bliss token for withdrawal.
Bliss Token
The Bliss Token is the core token representing ownership, governance, and long-term value. It will be used for governance and staking purposes in the Bliss ecosystem.
Tokenomics Distribution
Detailed distribution structure mentions 17.5% for investors, 15% for the team, 3% for advisors, and 10% for airdrops. The community incentive is about 5%.
Earnings Overview
Users can track their contributions via the BL network dashboard. Contributions will be measured, and users are encouraged to keep running their nodes to earn rewards.
TGE (Token Generation Event)
Users can expect an allocation from BL network in the TGE, which will allow for the conversion of the Time Token to Bliss Token for withdrawal.
Related questions&answers
What is the Blizz Network?
What tokens are associated with the Blizz Network?
How can I earn Time Tokens?
What is the purpose of the Bliss Token?
Are there any restrictions on Time Tokens?
What rewards can I expect from participating in the ecosystem?
How will the token distribution work?
What should I do if I have questions regarding the tokconomics?
How can I participate in the ecosystem?
What is the significance of the TGE?
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