Tokenomics
The Token of Expertise will be the main payment method for the Expert App. Combined with staking opportunities and token-based ratings, the demand and supply of TOE’s should be balanced.
There are three main reasons for TOE owners to hold on to their TOE:
- Future spending on Expert App services, like Quick Q&A, Signals or Coaching. If the tokens will rise in value, a deflationary impuls could lead to HODLing of tokens.
- Staking (for experts). Experts can increase their Tier by earning and staking tokens. A higher Tier will result in lower fees for offering their services in the App and will open up additional marketing tools. Experts with the highest Tier can earn extra tokens from the Incentive Staking Pool.
- Group staking (for all users). A group of users or experts can ‘crowdfund’ tokens to organize an exclusive coaching session or course from an expert of their choice. This will be offered with the label ‘Education on Demand’ and will open the opportunity to launch tradable tokens for specific on demand services.
Tiers
Expert Tiers are, unlike Levels and Ratings, solely based on the number of TOE received and ‘staked’.
Bronze Tier
A minimum of 1000 TOE earned and staked (held in a wallet that is connected to the expert profile).
Service fee for Bronze Tier Experts will be 4% (of which 3% will flow into the Incentive Staking Pool).
Silver Tier
A minimum of 5000 TOE earned and staked.
Service fee for Silver Tier Experts will be 3% (of which 2% will flow into the Incentive Staking Pool).
Silver Tier Experts will be included in a Recommended section in the Expert App and will receive additional marketing tools.
Gold Tier
A minimum of 20000 TOE earned and 10000 TOE staked.
Service fee for Gold Tier Experts will be 2% (of which 1% will flow into the Incentive Staking Pool).
Gold Tier Experts will be included in a Recommended section in the Expert App and will receive additional marketing tools. Furthermore, they will receive a part of 30% of the Incentive Staking Pool, to be equally shared with all Gold Tier Experts every month.
Diamond Tier
A minimum of 25000 TOE earned and 50000 TOE staked.
Service fee for Diamond Tier Experts will be 1%.
Diamond Tier Experts will be put on top in the Recommended section in the Expert App and will receive additional marketing tools. Furthermore, they will receive a part of 70% of the Incentive Staking Pool, to be equally shared with all Diamond Tier Experts every month.
Standard service fee without Tier will be 5%, of which 4% will flow into the Incentive Staking Pool.
Incentive Staking Pool
Up to 80% of all service fees will flow into the Incentive Staking Pool, a separate Smart Contract that will distribute TOE to all experts with a Gold or Diamond Tier every month.
Expertier B.V. will receive a flat fee of 1% of all transactions via the Expert App.
