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0XGIWA @0xGiwax on x 4498 followers
Created: 2025-07-19 07:42:04 UTC
based on the @theblessnetwork tokenomics I've seen, here's what i can say about estimating the TIME → BLESS conversion rate.
This is what we know:
→ XXX million TIME are issued per epoch to reward contributors → users can redeem TIME for BLESS at the end of each epoch → there's an option to redeem instantly (lower BLESS yield) or lock TIME for a higher BLESS multiplier → all TIME is burned after redemption, keeping circulating supply in check → BLESS supply is fixed at XX billion → BLESS buybacks are fueled by fiat revenue from apps, with XX% used to buy and burn on the open market
What we don’t know yet :
→ how much BLESS is allocated per epoch for TIME redemption → the exact conversion formula (e.g is there a base rate + lockup multiplier? is it floating based on usage/revenue?) → how many users are participating each epoch and earning TIME → whether BLESS redemption is fixed per TIME or dynamically adjusted based on revenue staking activity, etc.
What we can infer:
if 100M TIME is issued per epoch and everyone redeems, there must be a defined pool of BLESS set aside for redemption either through protocol allocation or via Fiat driven buybacks.
if redemption is dynamic, it likely depends on:
how much fiat the protocol earned that epoch
how much BLESS was bought/burned
how many TIME holders are redeeming
incentive logic:
→ lockup = higher BLESS per TIME → instant = lower BLESS per TIME this encourages conviction, reduces sell pressure, and smooths emissions
Rough speculative from my perspective:
epoch reward pool = 5M BLESS
100M TIME is redeemable then → X TIME = XXXX BLESS base rate users who lock might get X TIME = XXXXX or XXX BLESS depending on duration
but again this is purely hypothetical until the protocol publishes the rate mechanics or reveals past redemption data.
Conclusion:
you can’t accurately estimate the TIME → BLESS conversion rate without:
the redemption formula
how much BLESS is allocated per epoch
participation stats
but what’s clear is this: the system rewards contribution and conviction. it penalizes passive extractors. and it’s designed to align token value with real protocol usage.
XXX engagements
Related Topics epoch theblessnetwork