💸Economic Model

The economic model of Coinback is built upon a strategic foundation that ensures the system's sustainability, profitability for its users, and a transparent relationship with the Ethereum builders. Let's delve into the intricate details of how the economic model operates:

  1. Transaction Benefits:

    • At its core, Coinback offers a unique service where Ethereum users can earn rewards by sending transactions through the platform. Each transaction a user sends bypasses the traditional mem pool, offering them a speedier and more efficient transaction process.

  2. Builder Collaboration:

    • Coinback collaborates with Ethereum builders who need to win blocks. These builders gain access to private transactions not visible in the mem pool. This strategic advantage lets them build more valuable blocks, subsequently increasing their winning chances. By sharing a portion of their increased profit with Coinback, they ensure a consistent influx of high-quality transactions.

  3. Reward Distribution:

    • The profit shared by builders is then proportionally distributed among Coinback users based on the number of transactions they’ve sent through the platform. The more transactions a user sends, the larger their share of the rewards in Ether.

  4. Coinback Token (CBK) Utility:

    • The Coinback Token (CBK) extends beyond transaction-based rewards to include benefits for users who choose to hold these tokens. Holding CBK tokens in your wallet offers additional transaction rewards. For example, holding 30,000 CBK tokens grants an additional transaction daily. This reward scales down proportionally for fewer held tokens, ensuring that all users benefit from holding CBK, regardless of the amount.

  5. Referral Incentives:

    • The system encourages growth through its referral program. Every user can earn extra transaction credits by referring new users. This not only boosts the platform's user base but also ensures a dynamic and communal growth model.

  6. Tokenomics:

    • With a total supply of 1,000,000 CBK tokens, the distribution is designed to maintain the platform's long-term viability. 86% of the tokens are kept as LP, ensuring liquidity and stability. The remaining 14% is reserved for the team, with a vesting period of 3 months, demonstrating the team's commitment to the project's long-term success.

  7. Security & Trust:

    • Transactions bypassing the mem pool are shielded from malicious MEV activities, enhancing the platform's overall security.

  8. Transparency and Trust:

    • Coinback's usage of the Merkle Tree ensures that rewards claims are genuine, bolstering trust within the community. Announcements related to the end of reward periods, earnings, and distribution metrics are regularly shared, promoting a transparent ecosystem.

  9. Sustainability:

    • Coinback's economic model is crafted to sustain long-term growth. By offering tangible benefits to both everyday users and Ethereum builders, the platform fosters an environment of mutual growth and profitability.

By intertwining technological advancement with a robust economic model, Coinback aspires to revolutionize the way Ethereum users transact and earn, ensuring a brighter future for everyone in the ecosystem.

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