Dynamic Vibratile Credits

Vibratile Credits that change over time, based on the users interactions on the blockchain

Definition

The Dynamic Vibratile Credits refer to a flexible system. The Vibratile Credits change based on users interactions on the blockchain. This approach is decentralized and controlled by the community, as opposed to the government. This, therefore allows XUSD to be directly aligned with the principles of Decentralized Finance (DeFi).

Concept and Fairness

Dynamic Nature:

The term "dynamic" means that the Vibratile Credits per transaction change over time, rather than remaining static. This flexibility allows the system to adapt to various user behaviors and transaction volumes.

Fairness: The Dynamic Vibratile Credits system is not designed to be fair to all users equally. Instead, it aims to reward Good Actors with Good Vibes, and penalize Bad Actors with Bad Vibes. Users who contribute positively to the ecosystem will be credited Good Vibes, while those who engage in negative behaviors, such as rugpulling, will be credited with Bad Vibes. This creates an incentive structure, a structure that only promotes positive participation. The community collectively decides who gets Good Vibes and who gets Bad Vibes, potentially through a delegated Congress in a true DeFi Republic.

Implementation of Dynamic Vibratile Credits And Their Different Roles

Developers (Dev): Developers create the Vibratile Credit Class Contract and add it to the Vibratile Credit Registry. They are responsible for the technical implementation of the entire Vibratile Credit System.

Community Accountability Governance (CAG): The CAG process involves the community voting on and approving Vibratile Credit Classes. This decentralized governance model ensures that Vibratile Credit decisions are made collectively and transparently.

Governance Process

Voting Mechanism:

  1. VibePass NFT: To participate in governance, users must obtain a VibePass NFT. This grants membership in the society, along with responsibilities, rewards, and a say in the system.

  2. Voting Power: Voting power is weighted, based on social status. This ranges from 1 to 5. This means some users can have a more significant influence on decisions.

  3. Majority Vote: A Vibratile Credit class requires a majority vote (51%) to pass. With weighted voting, this ensures a fair, yet efficient way of a decision-making process.

  4. Emergency Powers: Certain users, currently developers, can impose Vibratile Credits without a vote in urgent situations. This power may eventually be delegated to elected Congress members for swift action when needed.

Vibratile Creditation Strategy

Dynamic Vibratile Creditation Goals:

The primary goal of Dynamic Vibratile Creditation, is to maintain the stability and peg of the Vibratile token. By Vibratile Crediting Bad Actors heavily (up to 80%) and burning over 70% of all collected Vibratile Credits, the system can reduce token supply and help regain the target price.

Burning Mechanism:

Burning tokens immediately reduces the circulating supply, contributing to the contraction mechanism described earlier. This system allows for endless possibilities, encouraging community contributions to devise new ways to enhance the model, and achieve the desired economic outcomes.

Conclusion

Dynamic Vibratile Creditation is a crucial component of the Vibratile token ecosystem, ensuring that the system remains adaptive, fair, and community-driven. By leveraging the collective power of the community and innovative Vibratile Credit mechanisms, Vibratile tokens like XUSD can achieve stability, and growth in the decentralized finance space.