ETHOS by Calileo, Technicals
Dens Akoka · Sept 11, 2022 · 7min read
Diving into ETHOS
There were two deeper problems which presented themselves alongside the proposed solution, which needed to be solved by the ETHOS collection. The First – Membership Details. What happens if one person owns more than 1 Etho? If one owns a high ranked membership, would there be any incentive to keep lower ranked Ethos other than to flip? We needed to bring real utility to every single Etho, even the lowest ranks. Is there a way to make ETHOS a fair playing ground for smaller investors while implementing a fix? If Calileo users each own an NFT representing the best membership, would they not sell the extras for less than face value, manipulating the floor price?
The Second – Whale Influence. A great deal of volume in most projects comes from a group of whales – fact. If one person buys 100 Ethos and creates daily and engaging content, do they receive an unfair amount of $CAL? How can the smaller investor or the less represented members of the Elrond community receive their fair share of rewards?
Introduction to ETHOS Boost System
| Rank |
Contribution Boost |
Occurrences in ETHOS |
Rarity |
|---|---|---|---|
|
Moon |
100% |
100 |
1% |
|
Diamond |
80% |
200 |
2% |
|
Obsidian |
60% |
400 |
4% |
|
Ruby |
40% |
800 |
8% |
|
Jade |
20% |
1600 |
16% |
|
Standard |
10% |
6900 |
69% |
Enter the ETHOS Boost System. Each Etho in the collection will be provided with incentive to hold. The formula is as follows: The boost you receive will be calculated by adding the original boost percentage of your highest ranked membership, to half of the boost percentage of each subsequent Etho you own, with a maximum $CAL reward boost of 600%. This consequently helps content creators with less $EGLD in their wallets. Every extra Etho that a whale holds, will have its boost percentage halved, allowing more rewards to be distributed to creators with only a few Ethos. The adjusted percentage boost can be applied to any Membership Rank in ETHOS, making the calculation simple. Here is an example of how the ETHOS boost program would work for two investors, one big, and one small:
Bob owns 1 Moon Etho and 10 Standard Ethos. His $CAL reward Boost would be (100% + (5%*10)) = 150% Total Boost
Alice owns 1 Diamond Etho and 1 Ruby Etho. Her $CAL reward Boost would be (80% + (20%*1)) =100% Total Boost
Investors who own more than 1 Etho will have the money from half of their extra boosts allocated to creators with fewer Ethos. If the reward batch for a specific day is 100,000 $CAL, less money will be rewarded to the whale for their extra Ethos, meaning the “saved” money must be divided amongst the remaining creators. The whale, although at a slight disadvantage, still has an opportunity to achieve a 600% reward boost. This allows for content creation to be extremely lucrative for those who have spare $EGLD to invest. The early stages of ETHOS will be important, with smart money taking full advantage of the boosts while the number of creators is still small.
ETHOS Advantages
The distribution method using the ETHOS Boost System gives NFT holders a very significant advantage over regular content creators. Here’s how it works:
There is a set amount of $CAL token to be released linearly to content creators over 30 months. The set amount of $CAL to be rewarded will be divided amongst each individual user. (Creators will have the option to donate or redistribute any unwanted $CAL rewards to the community). An algorithm will first calculate the percentage of rewards each creator would receive, based on their contribution. If one creator accounts for 1% of the activity and engagement on Calileo, then they would receive 1% of the $CAL distribution. The boost system reweighs these percentages based on your share of ETHOS. Having a Moon Membership Boost does not mean your entire reward is doubled, but your contribution percentage is doubled and then reweighted amongst every other wallet receiving rewards. This mechanism is important to maintain token scarcity and maintain a very low inflation rate. Early ETHOS holders will be rewarded the most money as Calileo remains in its infancy. As the platform grows, the importance of owning ETHOS to maintain rewards will also grow, as new creators will also be fighting for their fair share of earnings. Any Ethos sitting on a marketplace address cannot be considered for the Boost System. The only way to compete with ETHOS holders in terms of rewards is to consistently deliver the highest quality content day in and day out to earn your fair share.
Here is an example calculation:
Imagine 20 Wallets each contribute an equal 5% of the creator activity and engagement on Calileo. Without the boost mechanism, each wallet would receive 5% of the $CAL rewards for that day. Now imagine one of these wallets owns an ETHOS Moon Membership. That wallet would now be considered to account for 10% of the creator activity and engagement. When reweighted, this one wallet would receive 9.52% of the $CAL rewards for that day, with the other 19 wallets receiving 4.76% each. The differences between wallets becomes less dramatic as more creators join Calileo and the rewards are spread amongst more users and ETHOS holders.
More Utility
Accounts linked with ETHOS will be immediately noticed, as a form of membership distinction will appear on profiles holding an Etho. All ETHOS will have the option to be staked to earn more $CAL, with the Moon Membership receiving the highest percentage of allocated weekly rewards. We also are integrating memberships into Calileo’s upcoming campaign: ETHOS International. More details coming soon. Here is an updated list of all of the game-changing features based on the level of membership that you mint:
Moon Membership
- Voting Power Boost: +100%
- $CAL Contribution Boost: +100%
- Lifetime Calileo Moon
- Seed Token Sale WL
- MVP Exclusive Access
- Moon Verification Ticker
- 20% of ETHOS Staking Rewards (Smallest Pool)
Diamond Membership
- Voting Power Boost: +80%
- $CAL Contribution Boost: +80%
- 1-year Calileo Moon
- Seed Token Sale WL
- MVP Exclusive Access
- 18% of ETHOS Staking Rewards
Obsidian Membership
- Voting Power Boost: +60%
- $CAL Contribution Boost: +60%
- 9-month Calileo Moon
- Private Token Sale WL
- Early Beta Access
- 16% of ETHOS Staking Rewards
Ruby Membership
- Voting Power Boost: +40%
- $CAL Contribution Boost: +40%
- 6-month Calileo Moon
- Private Token Sale WL
- Early Beta Access
- 14% of ETHOS Staking Rewards
Jade Membership
- Voting Power Boost: +20%
- $CAL Contribution Boost: +20%
- 3-month Calileo Moon
- Private Token Sale WL
- Early Beta Access
- 12% of ETHOS Staking Rewards
Standard Membership
- Voting Power: 1x
- $CAL Contribution Boost: 10%
- Private Token Sale WL
- 20% of ETHOS Staking Rewards (Largest Pool)
ETHOS is priced at an affordable 0.8 $EGLD in the Public Sale, allowing most people in the ecosystem to own at least one. The Private Sale price for whitelisted wallets will be 0.6 $EGLD, for a 25% discount. It will take time and patience for the extended community to appreciate the collection, which is why we want to price ETHOS to benefit the early adopters as much as possible. We believe the presale mint price will be the lowest you can ever buy an item from this collection. As Calileo grows, we expect the value of ETHOS to grow in correspondence, adding to the luxury art factor as time goes on. In the real world, a luxury image takes a lot of time to properly formulate (think Rolex or Rolls Royce), but ETHOS attempts to accelerate this process in the digital world. They say beauty is in the eye of the beholder, but an NFT with this much care and precision has no choice but to be admired by all who lay eyes on it.
From the team at Calileo, the precision and effort put into our NFT collection represents the quality of work associated with our Social Media Platform. We strive for the best possible products, improving and adapting on a day-to-day basis. Within the next year, we know we will build an ecosystem that everyone on Elrond can call home.
For more information, please visit us:
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