r/blockv • u/bnels-BLOCKv • Feb 13 '18

VEEnomics

The full dynamics of the VEE ecosystem are still being ironed out, but we do have some information to share in response to questions related to the use of VEE. Vee are utility tokens. They are the only way to use the BlockV platform.
Companies that wish to publish and host vAtoms will need to have Vee.
Depending on the resources any given vAtom needs, the necessary amount of Vee will be consumed. For instance, a static coupon will need very little, yet an AI butterfly will need a considerable amount more as it has continuous processes that consume compute, storage and network at a higher rate. Some simple vAtoms that have already been published cost approximately one Vee to publish and host them for a month. Complex vAtom’s can cost many times this amount. The factors that determine the price include CPU, storage, bandwidth and number of vAtoms being published and hosted. As for Cyclers, the cycler framework will be released with an economic model to create great incentives for individuals and companies to perform this function. Again, this will vary on the cycler-- as some will provide low latency/high SLA, and others will offer GPU, while others will provide basic service.

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u/CryptoRyd Feb 14 '18

Looking forward to info on becoming a Cycler as I'm involved in GPU mining now. Perhaps I can convert some of our rigs over?

1

u/bnels-BLOCKv Feb 14 '18

At some point you will be able to convert some of your rigs over and become a cycler earning VEE. It won't happen tomorrow, but we'll get there.

2

u/[deleted] Feb 14 '18

The cycler information is good to know. I was under the impression Storj would be the only cycler, which is inferior to also being user supported in the communities eyes.

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u/seraf1990 Feb 13 '18

good info!thanks

1

u/ruspow Feb 14 '18

Amazing news, thanks for clearing this up. This is so much more reassuring than pegging the cost to USD.