# Creator Earning Model

Creators are at the center of **The Sybel Ecosystem**. Users keep interacting with their content on platforms but few platforms reward them at fair value.

Creators get paid in two ways : 

#### $SMT Earning

Each unit of content consumed within the ecosystem gives Creators the right to earn $SMT. The amount of $SMT earned is calculated following the formula below. It is based on the number of fractions minted.

$$
n\_{k}=B\_{Creator} \times \beta\_k \times CCU\_k \times TPU\_{Creator}
$$

$$n\_k$$: number of $SMT earned for the fraction holder *k*

​$$B\_{Creator}$$: Creator’s badge coefficient (defined above)

$$\beta\_k$$: Earning factor for the fraction holder *k* depending of the rarity of the fraction 

| Rarity    | beta |
| --------- | ---- |
| Legendary | 2    |
| Epic      | 1    |
| Rare      | 0.5  |
| Common    | 0.1  |
| Standard  | 0.01 |

$$CCU\_k$$ : Number of Consumed content Units (Content Played for video and audio, Content Read for text) by the fraction holder *k*

$$TPU\_{Creator}$$ : $SMT per CCU (*see below*)

#### Token Generator Factor : the sustainability of the Tokenomics

In order to create a sustainable economy and increase the value of the $SMT, it will always be more and more difficult to mint new token. Then, $$TPU\_{Creator}$$is a logarithmical function depending on the number already minted. **It is recalculated every month.**

$$
TPU\_{Creator}= c \times \left( \frac{1}{2} \right)^{\frac{x\times 6}{S} }
$$

$$x$$​: number of token minted for the community at the time of calculation

$$c$$: constant of minting = 4.22489710056

$$S$$: total Supply for the community ($$1.5\*10^9$$) 

![](https://1536759035-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FJoh1pseqRBkrIufJ3GLz%2Fuploads%2FhwE5hx5NVleIQy2ulg3q%2Fdesmos-graph.png?alt=media\&token=a2e7e0e3-a191-482a-bc7e-cd0f0207f1eb)

#### Total Number of SMT earned

Then the Total Number​$$N\_{$SMT}$$ of $SMT earner is defined like below:

$$
N\_{$SMT}=B\_{Creator} \sum\_{k \in T}\left(\beta\_i \times CCU\_i \right)  \times TPU\_{Creator}
$$

​Maximum of tokens minted at the end

![](https://1536759035-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FJoh1pseqRBkrIufJ3GLz%2Fuploads%2FLsqj3e08ahSRVKZnvSb9%2FCapture%20d%E2%80%99e%CC%81cran%202022-07-21%20a%CC%80%2000.22.29.png?alt=media\&token=e90406f7-54b0-4ac2-8df3-14678e34869c)

#### Revenue Sharing

For every subscribers who consume one piece of Creator Work, Creator earn a share of the subscription fee depending on this subscriber’s whole consumption during a Standard Period.

A Smart Contract is coded to allow Creators to get paid directly on their wallet.

At first, it considers an ensemble $$E\_j$$extracted from U (all users) containing all the n users $$u\_{ij}$$who made a Qualified Interaction with the Content Work *j* (ie the Number of Consumed Content Units of Creator Work *j* by User $$u\_i$$ is positive) : 

$$
E\_j={u\_{ij} \in U  |  CCU\_{ij}>0}
$$

For a given User $$u\_i$$, the share of revenue received by the Creator of the Creator Work *j* is : 

$$
SR\_i \times \frac{CCU\_{ij}}{CCU\_i}\times(1-Fee)
$$

Where 

$$SR\_i$$ : means the revenue actually received by Sybel, directly connected to providing a Paid User access to the Sybel subscription service, including direct subscription fees and indirect subscription payments received via third party co-operations, excluding VAT and other governmental taxes and fees and deducted payment services charges. If the User ui is a free user, $$SR\_i$$ = 0 \
$$CCU\_{ij}$$: Number of Consumed Content Units of Creator Work j by User i\
$$CCU\_i$$: Total Consumed Content Units by User i \
$$Fee$$: Fees charged by Sybel going to $SMT Ecosystem (*see below*). Originally set at 30% 

Thus, the all revenue earned by a Creator for a Creator Work *j* is:

$$
\sum\_{i\in E\_j}^{}SR\_i \times \frac{CCU\_{ij}}{CCU\_i}\times(1-Fee)
$$