1. Model OverviewThe T11 model incorporates the symbolic significance of the number "11" from Bitcoin's historical peak price of $110,000. By integrating symbolic consensus and economic gamification, it establishes a fair, engaging, anddecentralized content distribution ecosystem.
The number "11" is embedded across all key aspects of asset issuance, consumption, and trading:
- The maximum standard purchase limit during the Internal Market is 11 tickets
- A liquidity pool launch is triggered when the threshold of $11,000is reached
- The initial market value is set at $110,000
This system enhances community recognition and acceptance of the model’s rules.
2. Model PhasesThe T11 model consists of three phases:
- Asset Issuance
- Internal Market
- External Market
The total fixed supply of tokens is 1,100,000,000 for all content projects launched on TaleX.
1) Asset Issuance- Creator Rights: Creators can release content with a total episodes consumption price of $3 for the Internal Market. Creators have the priority to purchase 1 to 1,100 tickets and receive a free viewing share link, which can be claimed and used by one user for each purchase.
- Token Rewards: Tokens are distributed according to theU11 curve, with visual animations enhancing the user experience of contribution recognition. Suppose that 𝑎n represents the number of token rewards per ticket n. Then, the U11 curve showing the decreasing token reward is as follows:
2) Internal Market- Consumer Rights: Each user can choose to purchase 1/11 tickets, earning token rewards based on the U11 curve.
- Early Bird Ticket Price: Each user can only purchase all episodes (1 ticket), with the price set at $3 per 1 ticket.
- Purchase Limit: Each account is limited to one purchase.
- Total Token Emission: A total of 770,000,000 tokens are released during the asset issuance and internal market phases. Of this, 660,000,000 tokens are allocated as rewards for purchasing tickets, while110,000,000 tokens are reserved for the liquidity pool launch.
3) External Market- Trigger Condition: After deducting a 6% consumption fee, the total value of asset issuance and internal market consumption must reach $11,000 (equivalent to $11,700 before fees).
- Liquidity Pool Launch: $11,000 is used to purchase an equivalent value of $BNB. Then, all $BNB worth of $11,000 and 110,000,000 tokens are used to launch a liquidity pool via PancakeSwap DEX, making it available for trading on TaleX.
- Z11 Hashrate Consumption Mechanism:
- A total of 330,000,000 tokens are distributed over 110 days. Suppose that 𝑎t represents the number of token rewards per day t. Then, the Z11 curve showing the increasing token reward is as follows:
For 1 ≤ t ≤ 110:
- The Z11 mechanism follows a computing power-based distribution system, where users receive a hashrate based on the number of tickets purchased. The received hashrate is automatically converted into tokens at 00:00 UTC the next day.
- Users can make one purchase per day, with options to buy 1, 11, or 110 tickets.
4) Other Parameters- Price factor f: The degree of difference between the reward tokens earned from content consumption and the current or future market price.
- During Asset Issuance and Internal Market stages:
- During External Market stage:
Where p is the custom price per ticket, and n is the total number of tickets already purchased on day t.
