Game Theory

Economic Principles: Understanding and Predicting Behavior

  1. Users will always want to win or have revenue. Based on this principle, everyone in the EnviDa ecosystem expects to have a benefit for being part of this blockchain. These are the different types of users: - Passive Investor: will buy equipment and rent it. This user type will receive a passive income for providing the necessary resources to users that cannot afford buying them, but want to participate and earn rewards. - Active Investor: as well as the passive investor, this user type will buy the equipment but won't delegate the work. They will assume the role as Drivers too.

    - Driver: will be responsible for DriveMining and Data Collection. Their work will be rewarded in $EDAT based on their machine type and daily effort. - Validator: will validate blocks by staking tokens in different lock-up terms. They'll receive a passive income for their participation in the network. - Data Buyers: users that are interested in buying environmental data. They will have the option to stake EnviDa Tokens in specific pools to incentives and determine what the market is looking for (the areas of interest). In exchange, they will receive an APY and a discount for product purchasing. Data Buyers can become potential Investors since they will be able to acquire articles at lower prices.

  2. Pool Composition: In order to know what type of data the market is looking for, we've created Staking Pools to activate bonus token rewards for Drivers that collect data in those specific areas.

  3. Unstaking: this new feature will allow users to unlock and get back their staked tokens even though the lock-up period has not expired. The penalty of this action will cause the user to get a percentage of the expected income.

  4. Competition: Sensors will compete against each other. The first to arrive the hex in that stream will be the one who wins the highest reward. Based on this concept of rivalry, there will be a lack of 10% of the total rewards (demand > supply). This shortage will incentivize Sensor Drivers to be the first to arrive in every hex.

  5. Teamwork: Lidiar needs 3 complementary streams every 10 minutes. User will only obtain the highest reward when 3 different users collect data from that hex. Communication with other users will be a key element to get the most profit. In this scenario, the demand and the supply are the same; meaning there's no need to fight against each other, but instead, work together.

  6. Limited rewards per Machine Type: EnviDa's purpose is to collect environmental data using technology and driving vehicles. Nonetheless, the collection and gathering of this data should not be excessive nor abused. This activity should be considered as an additional source of income for people who tend to drive and travel a lot on their daily routines (for example: taxi drivers, parents that drive their children to school, or workers whose office is far from home); this shouldn't be taken as a full-time job. Due to the last statement, DriveMiners will be able to validate up to 20 hours per day, while Data Collecting Machines (sensors and lidiar) will earn rewards until 8 hours of labor.

Last updated