👉Mining

The protocol introduces a DPOS mining system. Miners will be called advisors. The mining system has three components:

(a) a mining proof-of-stake mechanism to incentivize people to participate in building a more common blockchain

(b) a mining reward mechanism to incentivize developers to build applications during the initial years

(c) a mechanism for sharing the network of trust to encourage users to participate in a decentralized ecosystem of social media networks.

Advisors will get rewards for validating crypto exchange. They will receive 5X rewards the first year with a step down incentive of 5X the first year, 4X the second year, 3X the third year, 2X the fourth year and the ongoing validity reward (1X) for the lifetime of the mining balance.

Allocations within the Tweetx.com platform will be minimal, as many allocations will be small. External transactions will incur a small fee based on the cost incurred for TweeetX which is expected to be around 5-8% or whatever. currency exchange is selected. Details will follow in a separate tokenomics paper.

TweetX's tech team is planning to create its own in-house crypto as the cost of exchanging small amounts of crypto is high. The initial base crypto will be planned for a BEP20 smart contract and will migrate to a DPOS protocol when DPOS meets the required transaction speed and global regulations.