Learn to Code Tribe and BYTE token Whitepaper

in Learn to Code8 months ago (edited)

Imagine creating an electronic gadget that utilizes an Arduino microcontroller board and connects seamlessly to the Hive blockchain. Perhaps you have an idea for a captivating game that could leverage a token you've minted on Hive-Engine.

The possibilities are endless, but the key lies in knowing how to bring your imagination to life. That's why you need to learn to code..

Welcome to the Learn to Code Tribe

The primary goal of the Learn to Code tribe is to empower the vibrant community of Hive blockchain users and cultivate their skills in programming and blockchain development. Our mission is to foster an inclusive environment where both newcomers and seasoned developers can collaborate, learn, and contribute to projects on the Hive blockchain, as well as other open source endeavors.

Even expert programmers can always learn something new. We're all at different points in our coding journey. The Learn to Code tribe serves as a community to share what you're learning, ask questions, and discover what others are doing. Ideally, users will leverage their skills to enhance the Hive blockchain. Even if they don't focus solely on improving Hive, they can use their expertise to create and contribute to other open source projects or apply their programming skills in their work or hobbies.

Relevant Topics and Tags

Used for any Learn to Code tribe announcements, contests/hackathons, Hive project promotions, posts about the tribe and/or BYTE token, etc.

Can be used along with #hive-188262 tag. Tag for posts about our new Learn to Code tribe, questions about programming, tutorial posts, and topics relevant to the tribe's scope but not fitting neatly into other tag categories, such as historical posts about computers and pioneers in the field, or speculative topics like quantum computing.

image.png
Image Source: Public Domain image

Used for posts concerning programming languages, tools like GitHub Copilot, etc.

#software is a pre-existing tag on Hive. If a post discusses a commercial software program, such as tax software, it is likely not tag abuse. However, if a post about software employs numerous other tribe tags like #palnet, #actifit, #hive-engine, etc., it may be an attempt to farm BYTE tokens undeservedly.

Used for posts about Arduino, Raspberry Pi, physical computing, digital and/or analog electronics, etc.

Similar to the #software caveat, the Learn to Code tribe doesn't have a monopoly on the #hardware tag. A legitimate post, such as a review of a graphics card, may not be intended to farm BYTE tokens. Consider other tags used in such posts and the user's posting history to discern whether it constitutes tag abuse.

For posts concerning blockchain development, particularly on Hive.

Excluded Tags

For now, the only excluded tag is #actifit.

BYTE Token Parameters

  • Both the staked and curation reward percentages are 50%.

  • The cashout window for a post to pay out is 8 days (23).

  • The number of days for both upvote and downvote power to regenerate from 0% to 100% is also 8 days (23).

  • 204 BYTE tokens will be minted every 128 Hive blocks (27).

Byte Token distribution

BYTE token will begin with an initial supply being minted and then set up to continue minting 204 new BYTE tokens every 128 Hive blocks (27) over a period of 255 years (28-1).

The initial supply of BYTE minted to begin is 22,824,796 BYTE.

Distrinuted as follows:

5 million BYTE to founder (@holovision.stem)
5 million BYTE to @learn2code account.
4 million BYTE split up and delegate between 4 tribe moderators (22).
1 million BYTE to be put on exchanges before launch
7,824,796 BYTE for Learn to Code tribe fund (future contest prizes, LP rewards, ect.

The rest of the BYTE will be scheduled to be minted over a 255 year period. This may shortened in the future if and when new features are added that require BYTE to be minted through Hive-engine smart contract.

This is the math for the planned minting over time:

4,294,967,296 (total max BYTE supply)-22,824,796 (beginning supply minted)=4,272,142,500 BYTE left to be minted.

There are 10,512,000 Hive blocks generated every year. Evey 128 blocks 204 new BYTE tokens are minted.

10,512,000 Hive blocks/128=82,125 times BYTE is minted each year.

82,125 BYTE mint events x 204 BYTE tokens = 16,753,500 BYTE tokens minted every year.

16,753,500 BYTE minted each year x 255 years = 4,272,142,500 BYTE tokens

Future Plans

There is no current tribe UI like Outpost or website domain. That could be added later if there is suffucient interest and activity in the tribe to justify it.

The first planned diesel pools for BYTE token are BYTE:STEM and BYTE:BEE.

electr-borad-hive.jpg
Image Source: Stable Diffusion

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Till this day I am yet to venture into web3 coding. Everything feels lost for me. 😅

Look's great, thanks you for bringing this educ project on Hive

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