FAQ
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Hi, and welcome to BULB! Here you can find all of the information needed to become the latest member of our growing BULB community.
BULB FAQ
What Is BULB?
BULB is a crypto-based blogging platform where ideas, passion, and engagement are all rewarded. BULB rewards content creators for 100% of the value they create within the community by returning ownership to users. Realising that writing and reading is all about sharing ideas and passions with others, we believe that only you should benefit from this.
BULB recognises and rewards all users for their engagement. For the first time, you can write, read, react, comment, share, and earn cryptocurrency all at once.
What Are BULBmojis?
BULBmojis are classified into six types: Writer, Sharer, Talker, Reader, Reactor and Moderator. BULBmojis are obtained by performing an 'action' on the platform and are converted into BULB points. The following BULBmoji classes are listed in descending order of value.
- Writer: Collected by writing blogs
- Sharer: Obtained by sharing blogs or through referrals
- Moderator: Collected by reporting content that violates community guidelines
- Talker: Gathered by making or receiving comments
- Reader: Acquired by reading blogs or gaining reads
- Reactor: Collected by giving or receiving reacts.
You will need to use BULB energy to complete an action, which recharges on a daily basis. Because energy is a limited resource, you must use it wisely!
How Do I Earn BULB Tokens?
Users can earn BULB Tokens in three easy steps:
- Collect BULBmojis by devoting some of your daily energy to writing, reading, reacting, commenting, and sharing.
- Your BULBmoji collection will automatically translate into BULB points, which will affect your leaderboard ranking.
- You can claim BULB Tokens from a predetermined distribution pool at the end of each week based on your leaderboard ranking.
This cycle repeats in perpetuity. Essentially, the more actions you complete, the more BULBmojis you will receive, the more points you will receive, and the more BULB Tokens you will be able to earn.
How Many Points Is Each BULBmoji worth?
| Action | Type | Max Points | Energy |
|---|---|---|---|
| Write | Dynamic | 75 Points | -30 Energy |
| Read | Dynamic | 1 Point | -1 Energy |
| React | Dynamic | 1 Point | -1 Energy |
| Comment | Dynamic | 10 Points | -5 Energy |
| Share | Dynamic | 25 Points | -10 Energy |
| Moderator | Static | 20 Points | -5 Energy |
How Does The Dynamic Points System Work?
Writer and Talker BULBmojis are assigned points using a "dynamic points system" which allocates points algorithmically. The system considers several factors, including your previous interaction with the content, similarity, time taken between actions, and relevance to score posts and comments. To get the most "bang for your buck," ensure your engagement is unique, relevant, and genuine.
How Do I Collect BULB Points?
Write
Case 1 | Write a Blog | Unilateral System
The author earns BULB points for each blog that they write. Points are assigned using an algorithmic system designed to encourage legitimate engagement. The system is unbiased and takes into account a variety of factors to allocate BULB points.
Read
Case 1 | Read a Blog | Bilateral System
The Reader collects BULB points each time they read a blog. The Writer of the blog also receives BULB points for receiving a read.
React
Case 1 | React to a Blog | Bilateral System
The Reactor collects BULB points each time he or she reacts to a blog. The Writer of the blog also receives BULB points for receiving a react.
Case 2 | React to Comment | Bilateral System
The Reactor collects BULB points each time he or she reacts to a comment. The Commentator of the blog also receives BULB points for receiving a react.
Case 3 | React to a Reply | Bilateral System
The Reactor collects BULB points each time he or she reacts to a reply. The Replier of the blog also receives BULB points for receiving a react.
Comment
Case 1 | Comment under a Blog | Bilateral System
The Commentor collects BULB points each time he or she comments under a blog. The Writer of the blog also receives BULB points for receiving a comment.
Case 2 | Reply to Comment | Bilateral System
The Replier collects BULB points each time he or she replies to a comment on a blog. The Commentator of the blog also receives BULB points for receiving a reply.
Case 3 | Reply to a Reply | Bilateral System
The Replier collects BULB points each time he or she reacts to a reply of a comment. The Replier of the blog also receives BULB points for receiving a reply.
Share
Case 1 | Share a Blog | Bilateral System
The Sharer collects BULB points each time he or she shares a blog. The Writer of the blog also receives points for having their blog shared. This is yet to be implemented.
How Are BULB Token Rewards Distributed?
A predetermined token pool will be distributed to users once per week. User rewards are determined using the following formula:
Pool Allocation (%) = Your Weekly Points / Aggregate Points
For example, if Users 1, 2, and 3 have earned 50, 30, and 20 points, respectively, each user will receive 50%, 30%, and 20% of the total reward pool.
When Will I Receive My BULB Tokens?
Every Monday at 7am UTC, BULB Tokens are automatically distributed to the community based on leaderboard positioning.
Why Haven’t I Received My Tokens Yet?
Following the distribution of tokens to the community, you must collect your BULB tokens by going to the Inventory menu and clicking 'unlock.' This will trigger a transaction that will send your weekly reward to your Phantom wallet.
How Much Daily Energy Do I Receive?
Your energy is replenished to full capacity every 24 hours. When you first create a BULB account, you will receive 30 energy per day; however, by level 5, you will be able to unlock a full energy capacity of 100.
What Happens If I Run Out Of Energy?
Energy, like everything else in life, is a valuable resource. If you happen to run out of energy within a 24 hour period, you will be unable to collect further BULBmojis until your energy replenishes, or if you buy more. Make good use of it!
Why Is My Energy Not Replenishing?
If your content is reported under BULB's governance system and the moderators tasked with protecting the community vote in favour of the report, your energy capacity will be reduced as a result. Unfortunately, this means that the energy will never be recovered. Everyone makes mistakes, including our trusty moderators; if you believe your content was judged unfairly, use the report appeal system.
How Does The Governance System Work?
BULB employs a peer-to-peer content moderation system run by trusted community members to protect the community from copyright infringement, spam, and content that violates BULB's code of conduct. When a report is submitted, BULB moderators will review the content and accompanying evidence to determine the appropriate course of action.
Read our Code of Conduct here.
How Does The Report System Work?
The BULB community can report any content. When a report is created, the content and accompanying evidence are reviewed to determine whether the content should be kept or removed. A reported post is penalised with 100 BULB points and a minus 10 energy capacity; a reported comment is penalised with 50 BULB points and a minus 5 energy capacity. In extreme circumstances, the user may be permanently barred from using BULB.
How Does The Appeal System Work?
We believe in second chances, and you have the right to appeal a report. When filing an appeal, you must provide enough evidence to overturn the initial decision.
To make a report appeal:
- Make sure to issue the appeal within 7 days of the initial decision.
- To file an appeal, you are required to pay 10,000 BULB Tokens.
A moderator who voted in the initial decision will not be able to participate in the appeal process in order to maintain the integrity and fairness of the BULB governance system. If the moderators vote in favour for the appeal, your 10,000 BULB Tokens will be refunded to you via your Inventory's treasury.
BULB Token FAQ
What Are BULB Tokens?
The BULB Token is an SPL (Solana Program Library) token issued on the Solana blockchain. It is built on Solana because of the blockchain's fast transaction speed, low cost per transaction, and low environmental impact. The BULB Token's primary function is to reward platform users. BULB Tokens can be used to purchase premium content, BULB NFTs, and other BULB-exclusive tradables.
More information on the BULB Token can be found here.
How Many BULB Tokens Are There?
There is a maximum supply of 1 Billion BULB Tokens. 10% of the total supply, or 100 Million tokens will be issued at the beginning, the remaining being locked up in a token vesting program for scheduled release.
How Are BULB Tokens Distributed?
| Stakeholder | Distribution | Schedule |
|---|---|---|
| User | 50% | User rewards based on a halving schedule and locked in a SPL program until 2047 |
| BULB | 40% | 10% of BULB Tokens are issued to the Team in the beginning and the remaining 30% are linearly vested over a 24 month period with a 6 month cliff |
| Treasury | 10% | Operations rewards for the Team based on a halving schedule and locked in a SPL program until 2047 |
BULB includes core team members, general team members, advisors and future investors.
What Is The Vesting Schedule?
| Year | BULB | Treasury | Users | Total Amount Released |
|---|---|---|---|---|
| 2021 | 100,000,012 | 0 | 0 | 100,000,012 |
| 2022 | 75,000,000 | 50,000,004 | 249,999,996 | 375,000,000 |
| 2023 | 150,000,000 | 24,999,996 | 125,000,004 | 300,000,000 |
| 2024 | 75,000,000 | 12,500,004 | 62,499,996 | 150,000,000 |
| 2025 | 0 | 6,249,996 | 31,250,004 | 37,500,000 |
| 2026 | 0 | 3,125,004 | 15,624,996 | 18,750,000 |
| 2027 | 0 | 1,562,496 | 7,812,504 | 9,375,000 |
| 2028 | 0 | 781,248 | 3,906,252 | 4,687,500 |
| 2029 | 0 | 390,624 | 1,953,120 | 2,343,744 |
| 2030 | 0 | 195,312 | 976,560 | 1,171,872 |
| 2031 | 0 | 97,656 | 488,280 | 585,936 |
| 2032 | 0 | 48,828 | 244,140 | 292,968 |
| 2033 | 0 | 24,420 | 122,076 | 146,496 |
| 2034 | 0 | 12,204 | 61,032 | 73,236 |
| 2035 | 0 | 6,108 | 30,516 | 36,624 |
| 2036 | 0 | 3,048 | 15,264 | 18,312 |
| 2037 | 0 | 1,524 | 7,632 | 9,156 |
| 2038 | 0 | 768 | 3,816 | 4,584 |
| 2039 | 0 | 384 | 1,908 | 2,292 |
| 2040 | 0 | 192 | 948 | 1,140 |
| 2041 | 0 | 96 | 480 | 576 |
| 2042 | 0 | 48 | 240 | 288 |
| 2043 | 0 | 24 | 120 | 144 |
| 2044 | 0 | 12 | 60 | 72 |
| 2045 | 0 | 0 | 24 | 24 |
| 2046 | 0 | 0 | 12 | 12 |
| 2047 | 0 | 0 | 12 | 12 |
| Total | 400,000,012 | 99,999,996 | 499,999,992 | 1,000,000,000 |
Can The Team Withdraw Tokens That Are Locked?
For tokens that are yet to be unlocked (i.e. time period has not been reached), BULB tokens cannot be withdrawn. You can learn more about how tokens are unlocked here.
How Do I Use BULB Tokens?
There are currently three main ways to use BULB Tokens.
- Purchase premium articles to gain access to high-quality premium articles written by BULB's top writers.
- Purchase and use tradables such as BULB energy.
- Purchase boost posts to maximise engagement and increase your points.
In the near future, BULB Tokens will be able to be used to:
- Create an NFT for your article on the Solana Blockchain.
- Purchase BULBmoji NFTs to help you earn more points and accelerate your earnings.
- Obtain the top recommended spots to feature your article.
- Custom features for purchase can be added to your profile.
Where Are My BULB Tokens?
BULB requires you to connect your SPL wallet to the platform directly. As a result, all of your BULB Tokens will be kept in the wallet of your choice. Phantom, a wallet and mobile browser extension with a streamlined, user-friendly interface, is the SPL wallet we recommend for BULB.
BULBmoji NFT FAQ
What is a BULBmoji NFT?
A BULBmoji NFT is a special type of BULBmoji that allows users to earn more points and/or use less energy when they activate it. Owning and using a BULBmoji NFT will increase the number of BULB Tokens you earn on the platform, as more points lead to more BULB Tokens.
Essentially, your everyday action buttons - such as writing, reading, reacting, commenting, sharing, and moderating - are turned into NFTs, and using these tokenized buttons can now boost your token rewards for the same activities. Sounds cool, right?!
Here are some examples of BULBmoji NFTs:
What are the different types of BULBmojis?
BULBmoji NFTs are split into 5 different rarities for each class, and are ordered based on the probability of collection in BULBmoji packs, the 5 types of rarities are Common (~50%), Rare (~30%), Epic (~15%), Legendary (~4%) and Champion (~1%). Each rarity represents a different power level. Rarer BULBmojis have higher points multipliers and energy savings for the same platform action.
The table below illustrates all the possible combinations of classes and rarities of BULBmoji NFTs.
| Rarity / Class | Writer | Sharer | Moderator | Talker | Reader | Reactor |
|---|---|---|---|---|---|---|
| Common | Common Writer | Common Sharer | Common Moderator | Common Talker | Common Reader | Common Reactor |
| Rare | Rare Writer | Rare Sharer | Rare Moderator | Rare Talker | Rare Reader | Rare Reactor |
| Epic | Epic Writer | Epic Sharer | Epic Moderator | Epic Talker | Epic Reader | Epic Reactor |
| Legendary | Legendary Writer | Legendary Sharer | Legendary Moderator | Legendary Talker | Legendary Reader | Legendary Reactor |
| Champion | Champion Writer | Champion Sharer | Champion Moderator | Champion Talker | Champion Reader | Champion Reactor |
Note: Only 100 BULBmoji NFTs will be released initially which will include; 5 Writers, 30 Readers, 30 Reactors, 15 Talkers, 15 Sharers and 5 Moderators. Explore all the different types of BULBmoji NFTs here.
How do I use and upgrade a BULBmoji NFT?
You can use a BULBmoji NFT in 5 simple steps.
- Unlock a BULBmoji NFT slot under the BULBmoji Tab
- Once a slot is made available, activate your BULBmoji NFT
- Complete the action by clicking the BULBmoji button, i.e. write, read, react, comment, share or moderate as you normally would
- Experience an automatic points boost and energy saving based on the rarity and power level of your BULBmoji NFT
- Upgrade your BULBmoji NFT to enhance the points multiplier and energy saver
There are 10 levels in total for all BULBmojis, and we have laid out 3 key matrices: 1) Points Multiplier, 2) Energy Savings and 3) BULBmoji NFT Upgrade Costs.
Matrix #1: Points Multiplier
| Level | Common | Rare | Epic | Legendary | Champion |
|---|---|---|---|---|---|
| 1 | 1.20x | 1.40x | 1.80x | 2.20x | 2.60x |
| 2 | 1.20x | 1.40x | 1.80x | 2.20x | 2.60x |
| 3 | 1.28x | 1.56x | 2.04x | 2.52x | 3.00x |
| 4 | 1.28x | 1.56x | 2.04x | 2.52x | 3.00x |
| 5 | 1.36x | 1.72x | 2.28x | 2.84x | 3.40x |
| 6 | 1.36x | 1.72x | 2.28x | 2.84x | 3.40x |
| 7 | 1.44x | 1.88x | 2.52x | 3.16x | 3.80x |
| 8 | 1.44x | 1.88x | 2.52x | 3.16x | 3.80x |
| 9 | 1.52x | 2.04x | 2.76x | 3.48x | 4.20x |
| 10 | 1.60x | 2.20x | 3.00x | 3.80x | 4.60x |
Note: Refers to the points multiplier on the initial points earned. For example, if an initial action is entitled to 10 points, and a level 10 Champion BULBmoji NFT (4.6x) is used to perform that particular action, the total points earned will be 46 points.
Matrix #2: Energy Savings
| Level | Common | Rare | Epic | Legendary | Champion |
|---|---|---|---|---|---|
| 1 | 3% | 5% | 10% | 15% | 20% |
| 2 | 4% | 7% | 13% | 19% | 25% |
| 3 | 4% | 7% | 13% | 19% | 25% |
| 4 | 5% | 9% | 16% | 23% | 30% |
| 5 | 5% | 9% | 16% | 23% | 30% |
| 6 | 6% | 11% | 19% | 27% | 35% |
| 7 | 6% | 11% | 19% | 27% | 35% |
| 8 | 7% | 13% | 22% | 31% | 40% |
| 9 | 7% | 13% | 22% | 31% | 40% |
| 10 | 8% | 15% | 25% | 35% | 45% |
Note: Refers to the percentage of energy savings on the initial energy consumed. For example, if an initial action costs 10 energy, and a level 10 Champion BULBmoji NFT (45%) is used to perform that particular action, the actual energy spent will be 5.5 only, as 45% of energy is saved.
Hot Tip: BULBmoji NFTs are powerful because the points multiplier and energy savings work simultaneously and create a synergistic effect. This means that with a level 10 Champion BULBmoji NFT, you are more than 9 times more efficient for the very same action completed as you not only get a 4.6x points multiplier AND you save 45% of the energy. BULBmoji NFTs are OP…
Matrix #3: BULBmoji NFT Upgrade Costs
| Level | Common | Rare | Epic | Legendary | Champion |
|---|---|---|---|---|---|
| 1 | - | - | - | - | - |
| 2 | 1,000 | 2,000 | 3,000 | 4,000 | 5,000 |
| 3 | 2,500 | 5,000 | 7,500 | 10,000 | 12,500 |
| 4 | 5,000 | 10,000 | 15,000 | 20,000 | 25,000 |
| 5 | 10,000 | 20,000 | 30,000 | 40,000 | 50,000 |
| 6 | 25,000 | 50,000 | 75,000 | 100,000 | 125,000 |
| 7 | 50,000 | 100,000 | 150,000 | 200,000 | 250,000 |
| 8 | 100,000 | 200,000 | 300,000 | 400,000 | 500,000 |
| 9 | 250,000 | 500,000 | 750,000 | 1,000,000 | 1,250,000 |
| 10 | 500,000 | 1,000,000 | 1,500,000 | 2,000,000 | 2,500,000 |
Note: Refers to the cost of upgrading BULBmoji NFT from one level to the next in BULB Tokens. For example, to upgrade a Common BULBmoji NFT from Level 1 to Level 2, it will cost 1,000 BULB Tokens. The default level is Level 1.
How do I get a BULBmoji NFT?
There are 2 ways to get yourself a BULBmoji NFT.
Option 1: Open a BULBmoji Pack from the Shop
You can purchase a Bronze, Silver, or Gold BULBmoji pack for the chance to obtain a BULBmoji NFT.
With a Bronze pack, you have the chance to receive a Common, Rare, or Epic BULBmoji NFT.
With a Silver pack, you have the chance to receive a Rare, Epic, or Legendary BULBmoji NFT
With a Gold pack, you have the chance to receive an Epic, Legendary, or Champion BULBmoji NFT.
Bronze, Silver, and Gold packs cost 10,000, 20,000, or 50,000 BULB Tokens, respectively. To ensure fairness, the price of all packs double for each additional pack that you purchase. Hurry and purchase a pack to get your own BULBmoji NFT.
Option 2: Purchase from the marketplace.
If you missed the boat and didn’t get a chance to open a pack, or you didn’t get the particular BULBmoji that you wanted, don’t worry, you can buy particular BULBmoji NFTs from another BULB user via the NFT marketplace.
Prices are denominated in SOL and dependent on the market price (determined by BULB user supply and demand of NFTs), each transaction will be subject to a flat 2% transaction fee and 5% royalty fee.
BULB Marketplace FAQ
How do I buy or sell a BULBmoji NFT?
You can buy or sell any BULBmoji NFT that you would like via the in-platform NFT Marketplace.
To sell a BULBmoji NFT, you can simply go to the Marketplace tab, select the BULBmoji NFT, and type in the price in SOL in which you would like to sell it for - and it will be listed in the marketplace indefinitely until the listing is cancelled. To buy a BULBmoji NFT, you can simply browse in the Marketplace tab, select the BULBmoji NFT that you would like to buy, click buy and it will be transferred directly from the seller to your connected Solana wallet. It is that easy.
Different BULBmoji rarities have different floor prices, as shown below. This means that for a particular rarity of BULBmoji, you cannot sell or buy it below the specified floor price. For example, you cannot sell or buy an Epic BULBmoji NFT for less than 3 SOL.
Remember to have some spare SOL in your wallet before making any transactions (i.e. selling, buying, cancelling listing) on the marketplace. In general, having an additional 0.01 SOL should be sufficient to cover all transaction costs.
| Rarity | SOL Floor Price |
|---|---|
| Common | 1 |
| Rare | 2 |
| Epic | 3 |
| Legendary | 4 |
| Champion | 5 |
Note: Each transaction will be subject to a flat 2% transaction fee and 5% royalty fee.
How does the BULB marketplace work?
BULB uses Metaplex’s Auction House program to execute trades in our marketplace. Auction House is a fully decentralised smart contract on Solana which provides an escrow-less (meaning the user owns the assets until the sale is executed). For more details, check out Metaplex’s documentation here.
Security FAQ
Token Security
BULB Tokens are fungible SPL (Solana Program Library) tokens that are powered by the Solana blockchain, which is one of the world's fastest blockchains. More information about the SPL token program and their github repository can be found here.
Vesting Security
When the total supply is minted, a portion of it is locked up in a token vesting program for scheduled release. The vesting schedule enables BULB to deposit BULB Tokens into a vesting contract, which can only be unlocked to a specific public key at a specific time. The founding team is also incentivised to stay committed to BULB and its users by locking a large portion of tokens in vesting contracts.
This is carried out using Bonfida's token vesting program, whose code has been audited by Kudelski Security.
User Security
Our users' security is our top priority, and we value your trust in BULB. We can assure you that any information you share with us will be securely stored and protected. Our privacy statement can be found here. We also encourage users to create specific wallets for rewards and educate and assist your community members in resolving issues with wallets, the BULB Token, and the BULB Platform.
Solana Wallet
How Do I Get Started?
Before you get started on BULB, you'll need a Solana wallet for storing your funds on the Solana blockchain and for interacting with the features on BULB. You will also need to add a small amount of SOL in your wallet to complete any transactions on Solana.
Phantom offers a wallet and browser extension with a streamlined, user friendly interface.
Setting Up Phantom Wallet
You will first need a Google Chrome browser to connect to BULB. Check out our video on how to set up your wallet.