💰CBP and Economic Model

To measure and collect license fees for authors, the system introduced an ERC-20 token "ComBoox Points" ("CBP").

The Attributes and Specifications of CBP

• Name: ComBooxPoints

• Symbol: CBP

• Standard: ERC20

• Book-Entry Contract: RegCenter

• Unit: CBP

• Minimum unit: Lee

• Conversion formula: 1 CBP = 10^18 Lee

CBP does NOT represent any equity share or ownership share of any entities, and does NOT have any beneficiary interests of equity or trust, which is only aimed to collect license fees for smart contracts in ComBoox. The value of CBP may fluctuate from time to time depending on the number of users and registered companies in ComBoox, which may reflect the value change of the smart contracts concerned with respect to their intellectual property rights.

In order to reduce the uncertainty of CBP prices, especially to avoid the risk of "price increase" brought about by the increase in user stickiness, we deliberately adopt a basic pricing model of "Fixed Maximum Price, Adjustable Promotion Policy”.

ComBoox's economic model and license fee can be summarized as follows:

(1) Rate of Royalty

The author may set the rate of royalty for any write APIs of the contract templates. Each time a user calls the said API to exercise rights, a calculated license fee will be transferred from its account to the author’s account. Once set, the rate will be fixed on the particular contract template, based on which, clone contracts will inherit the same rate of royalty.

(2) Collection of License Fee

When a user exercise rights by calling a contract's chargeable API, the contract will automatically call RegCenter to query the caller’s user number. Thereafter, the Register will charge a specific amount of CBP from the caller's Prime Key account based on the rate of royalty set in the template, and pay to the author.

(3) Commission of Platform

For each license fee payment, ComBoox takes a 20% commission and directly pays it to ComBoox’s Owner. From time to time, ComBoox may adjust the promotion policy to reduce the commission rate, or set a floor price of royalty rate to cover ComBoox' s operation costs. Therefore, the maximum commission rate of the platform is 20%, while the actual payable amount can be adjusted by discount policies.

(4) Promotion Policy

Author may create or adjust its license fee at any time by providing users a certain amount of coupon or a certain rate of quantity discount. Therefore, the original royalty rate set by author when deploying template actually is the ceiling rate.

License Fee Payable = Royalty Rate - Total Coupon - Number of Calls ∗ Quantity Discount Rate

(5) New User's Gift

ComBoox may introduce promotion policy to give a certain amount of CBP as gift to newly registered external accounts from time to time. For details of promotion policy, users can call "Get Platform Rule" API of Reg Center to check details.

(6) Transfer of Smart Contracts' Copyright

Smart contracts’ Author can freely transfer the templates' copyright to other users. After transfer, license fee for these smart contracts will be paid to prime key address of the transferee. The transferee will then be entitled to further transfer the copyright to other users.

(7) Transfer of System's Ownership

ComBoox’s Owner can also transfer its ownership to other accounts, thereby transferring the creditor’s right to receivables of platform commission.

Source Codes

RegCenter