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FAQ

ūüĎč Welcome to BULB FAQ‚Äč

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‚Äč

What Is BULB?‚Äč‚Äč

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?‚Äč‚Äč

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
  • Talker: Gathered by making or receiving comments
  • Reader: Acquired by reading blogs or gaining reads
  • Moderator: Collected by reporting content that violates community guidelines
  • 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?‚Äč

Users can earn BULB Tokens in three easy steps:

  1. Collect BULBmojis by devoting some of your daily energy to writing, reading, reacting, commenting, and sharing.
  2. Your BULBmoji collection will automatically translate into BULB points, which will affect your leaderboard ranking.
  3. 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?‚Äč

ActionTypeMax PointsEnergy
WriteDynamic75 Points-30 Energy
ReadDynamic1 Point-1 Energy
ReactDynamic1 Point-1 Energy
CommentDynamic10 Points-5 Energy
ShareDynamic25 Points-10 Energy
ModeratorStatic20 Points-5 Energy

How Does The Dynamic Points System Work?‚Äč

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?‚Äč

Write‚Äč‚Äč

Case 1 | Write a Blog | Unilateral System‚Äč‚Äč

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‚Äč‚Äč

Case 1 | Read a Blog | Bilateral System‚Äč‚Äč

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‚Äč

Case 1 | React to a Blog | Bilateral System‚Äč‚Äč

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‚Äč‚Äč

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‚Äč‚Äč

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‚Äč‚Äč

Case 1 | Comment under a Blog | Bilateral System‚Äč‚Äč

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‚Äč‚Äč

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‚Äč‚Äč

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‚Äč‚Äč

Case 1 | Share a Blog | Bilateral System‚Äč‚Äč

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?‚Äč

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?‚Äč

Every Monday at 7am UTC, BULB Tokens are automatically distributed to the community based on leaderboard positioning.


Why Haven‚Äôt I Received My Tokens Yet?‚Äč

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?‚Äč

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?‚Äč

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?‚Äč

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?‚Äč

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?‚Äč

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?‚Äč

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:

  1. Make sure to issue the appeal within 7 days of the initial decision.
  2. 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‚Äč

What Are BULB Token‚Äčs?‚Äč

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?‚Äč

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?‚Äč

StakeholderDistributionSchedule
User50%User rewards based on a halving schedule and locked in a SPL program until 2047
BULB40%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
Treasury10%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?‚Äč

YearBULBTreasuryUsersTotal Amount Released
2021100,000,01200100,000,012
202275,000,00050,000,004249,999,996375,000,000
2023150,000,00024,999,996125,000,004300,000,000
202475,000,00012,500,00462,499,996150,000,000
202506,249,99631,250,00437,500,000
202603,125,00415,624,99618,750,000
202701,562,4967,812,5049,375,000
20280781,2483,906,2524,687,500
20290390,6241,953,1202,343,744
20300195,312976,5601,171,872
2031097,656488,280585,936
2032048,828244,140292,968
2033024,420122,076146,496
2034012,20461,03273,236
203506,10830,51636,624
203603,04815,26418,312
203701,5247,6329,156
203807683,8164,584
203903841,9082,292
204001929481,140
2041096480576
2042048240288
2043024120144
20440126072
2045002424
2046001212
2047001212
Total400,000,01299,999,996499,999,9921,000,000,000

Can The Team Withdraw Tokens That Are Locked?‚Äč

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?‚Äč‚Äč

There are currently three main ways to use BULB Tokens.

  1. Purchase premium articles to gain access to high-quality premium articles written by BULB's top writers.
  2. Purchase and use tradables such as BULB energy.
  3. Purchase boost posts to maximise engagement and increase your points.

In the near future, BULB Tokens will be able to be used to:

  1. Create an NFT for your article on the Solana Blockchain.
  2. Purchase BULBmoji NFTs to help you earn more points and accelerate your earnings.
  3. Obtain the top recommended spots to feature your article.
  4. Custom features for purchase can be added to your profile.

Where Are My BULB Tokens?‚Äč‚Äč

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.


Security FAQ‚Äč

Token Security‚Äč‚Äč

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‚Äč‚Äč

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‚Äč‚Äč

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‚Äč

How Do I Get Started?‚Äč‚Äč

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‚Äč‚Äč

You will first need a Google Chrome browser to connect to BULB. Check out our video on how to set up your wallet.