While the majority of blockchain-based projects rely on complicated business models and phantom economics, GPS Tokens are supported by the revenues earned from rewarded advertising, making it clear, plain and simple enough for anybody to understand.
Triffic uses 50% of our monthly rewarded advertising revenues to purchase GPS Tokens on the open market, and a proportion of this is distributed right back to our users as regular bonus payments.
HOW IT WORKS
In order to prevent any situations which could result in a ‘pump and dump’, the following process is strictly adhered to at all times (please note that the figures used below are for explanatory purposes only and do not represent any form of revenue prediction).
Triffic currently has rewarded advertising deals with Google Admob, UnityAds, Vungle and Tapjoy, who pay Triffic at the end of each month for the previous month. This means that payments for the month of January would arrive at the end of February.
The reason for waiting an extra thirty days is to ensure that all ad networks have successfully sent payments and these have been cleared by our bank. This means that revenues for January would be used for GPS Token buyback in April, revenues for February would be used for May, and so on.
For our example, we will assume that Triffic has brought in advertising revenues of $100,000 and the price of Bitcoin is $10,000, although these prices will be fluctuate.
50% of the advertising revenues, a total of $50,000, is used to purchase Bitcoin at $10,000 each on the first day of April. This is a total of 5 Bitcoin, which is then divided by the number of days in the month.
For the month of April, 0.167 BTC (the equivalent of $1,666) would be used each day to purchase GPS Tokens on the open market.
Assuming that GPS Tokens are $0.01 each (reminder that prices will fluctuate), this would mean that 166,600 GPS Tokens would be bought on the open markets each day – a total of 5,001,000 GPS Tokens in 30 days.