CoinBeeder.com

CoinBreeder serves as the ultimate sandbox for blockchain researchers, developers and DeFi users to experiment and proof-test various consensus protocols on DAOs.

Coin Breeder DAO (CBDAO) is governed and managed by the community through the decentralized governance system allowing users to create proposals and vote on them. Proposals which have been accepted by the community are implemented on the project.


What does CBDAO want to achieve?
CBDAO has been created to serve as a sandbox for users to experiment and proof-test various consensus protocols which help govern DAOs. The initial consensus mechanism put in place will be the ‘Incentivized Governance Protocol’, a model invented by CBDAO which simplifies and combines the solutions of the holographic consensus model on a completely decentralized level.


Why was this sandbox created?
Existing DAO environments are usually limited with pressures arising from regulations and internal/external politics. This makes it (i) slow to implement changes (ii) limited in terms of implementing creative consensus mechanisms which has a tendency to directly affect the overall tokenomics of a DAO’s native token. We believe that a sandbox free of these pressures will help bolster our abilities to research and implement various consensus mechanisms without any imposed limits, in a timely manner.



Tokenomics of $BREE
$BREE is the native token of Coin Breeder DAO (CBDAO) and it is used to create proposals and vote.

FARMING
Users can farm (earn) BREE by holding other governance assets such as Maker (MKR), Compound (COMP), Balancer (BAL), Synthetix (SNX), DMM Governance (DMG), Akropolis (AKRO). Users will be required to lock their balances to be able to farm BREE. This provides some level of commitment to those who wish to farm BREE.

Farming rates will differ for each individual governance asset and it is calculated on a daily basis under the following equation;

• (MC of Governance Asset / MC of BREE) / Staking Rates of BREE

Notice that a decrease in the staking rates of BREE will increase the farming rates. We hope this to serve as one of the methods to autonomously manage staking rates.



STAKING
Users can stake their BREE to earn more BREE by locking it up for a default period of 30 days. For the period of 30 days, users will receive staking rewards @ 40% APY (initially proposed staking rates — may change in the future). These rewards may be claimed immediately and it will be spendable without any imposed limits. To be able to stake, users must be ‘whitelisted’. A user may be whitelisted by meeting the following requirements:

(i) hold a minimum of 500 BREE for a period of at least 7 days
(ii) have participated at least once in the governance protocol


** Users are required to pay some fees in ETH (current default fees: 0.001 ETH), whenever they ‘claim’ their farmed or staked rewards. These fees are used to buy-back and burn BREE from the markets on a weekly basis.**



PROPOSALS
Users may create proposals by paying fees in BREE. These fees are burned immediately. Proposals can be created to suggest a new idea. Once it gets accepted, it will be implemented as stated.



VOTING
Users can vote on proposals by paying fees in BREE. A single vote costs 1 BREE token. 85% of these fees are burned immediately whilst 10% is shared between winning voters and 5% is sent to the creator of the proposal, only if the proposal gets accepted. Otherwise, it will be burned.




$BREE Token Supply Breakdown
Maximum supply: 10,000,000 BREE
Initial Supply: 2,000,000 BREE
Decimals: 18
Token contract address: TBA


Initial Supply Breakdown
Public Sale Allocation: 1,500,000 BREE
Liquidity Allocation: 500,000 BREE
Team Allocation: 500,000 BREE (not to be calculated as initial circulating supply — vested until DEC 2021 & released monthly from August 2020)


Initial supply will change according to the total number of tokens sold during the public sale. All of the allocation above will proportionately scale according to the total number of tokens sold.


Example:
- Public Sale: 300,000 BREE
- Liquidity: 99,000 BREE (Liquidity allocation will always remain at 33% of the total number of tokens sold)
- Team Allocation: 100,000 BREE (Since only 20% of the public sale allocation has been sold, team allocation will scale down to 20% of the initially allocated amounts of 500,000 BREE)




Voting Mechanism
There are two components to consider when it comes to voting.
1. Votes
2. Trust Scores


Votes are what has been paid by users (1 VOTE =1 BREE) on proposals.

Trust Scores can only be gained or lost. It is automatically handled by the governance smart contract on-chain.


How Trust Scores Work

• + 1: Voting on a proposal & it wins voting YES and it gets accepted or voting NO and it gets rejected
• - 1: Created proposal gets rejected
• - 1: Voting on a proposal & it loses voting YES and it gets rejected or voting NO and it gets accepted

Determining Winners
There are two requirements which must be met when determining a winning vote on proposals. If it doesn’t meet all of these requirements, proposals will be continuously re-submitted to the network for a default period of 7 days — with previous votes remaining on the proposal — until a resolution is met.

1. Number of votes must be higher
2. Combined trust score of users on the vote must be > or = to the combined trust score of users on the opposing vote




To learn more about these implementations in detail, please read:
Beginner’s Guide to CBDAO
Tokenomics of $BREE
How Farming Rates are Determined
How Voting Works