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 ($1.5*10^9$)

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

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:

$$\sum_{i\in E_j}^{}SR_i \times \frac{CCU_{ij}}{CCU_i}\times(1-Fee)$$