Quarterly BST allocations
The quarterly prize pool for the Quarterly Competition consists of a certain amount of BST tokens, which are allocated by the governance board.
For our first quarterly competition, the governance board has decided to allocate 20,000 BST tokens per every active Regional Hub competing for the prize pool. An active Regional Hub is defined as a Regional Hub, which achieves at least 1 (one) point during the course of the quarterly competition.
Given that we require at least three Regional Hubs to start our first Quarterly Competition, the overall prize pool will be 60,000 BST tokens.
To incentivise the early formation of individual Regional Hubs, all points earned during a timeframe of 6 months prior to the activation of the first Quarterly Competition shall count towards the hub's final score.
Geographic density
To strategically grow the Regional Hubs network by optimizing geographic distribution, incentivizing regional performance, and ensuring meaningful engagement, with a particular emphasis on managing geographic density and leveraging governance for dynamic adaptation, only regional hubs formed in regions with low RH activity will contribute to the quarterly BST allocation.
The region a hub is classified under is defined by the location/nationality of it's ambassadors. If the composition of a specific hub is 60% or more ambassadors of a single region (country/state/city), the hub will be classified as the regional hub of that region (country/state/city).
The governance board can increase the number of Regional Hubs for a specific country if:
there is enough supportive evidence it is needed,
the current hub is inactive or mismanaged.
Note, that any number of hubs can be formed in a specific region, however by default, only 1 regional hub per region (country/state/city) shall contribute to the total allocation of a quarterly competition.
This approach enables control over geographic concentration, while encouraging new ambassadors to join existing regional hubs over forming new ones.
In the case where ambassadors of a hub all come from different regions (country/state/city), the hub shall be classified as the hub of the region (country/state/city) where the Regional Chair is located.
Geographic density list (valid as of May 1st, 2024)
| Region | Density | Example list |
|---|---|---|
Asia | Country | China, India, Japan, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Philippines... |
Africa | Country | Nigeria, Kenya, South Africa, Egypt, Ghana, Morocco, Tanzania, Uganda, Algeria... |
Australia | Country | New South Wales, Victoria, Queensland, Western Australia, South Australia, Tasmania... |
Europe | Country | Germany, France, Italy, Spain, Poland, Netherlands, Belgium, Sweden, Austria, Slovenia... |
Middle East | Country | Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Bahrain, Oman, Israel, Jordan, Lebanon... |
North America | Country | Canada, United States, Mexico, Nicaragua, Honduras, Cuba... |
South America | Country | Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Paraguay, Peru, Uruguay, Venezuela... |
USA | State | California, Texas, New York, Florida, Illinois, Pennsylvania, Ohio, Georgia, North Carolina... |
With time, as the Regional Hubs network evolves, the above list shall be adjusted by the governance board over time, based on the regional eligibility criteria and growth of individual Regional Hubs in specific parts of the world, to allow more granularity in certain geographic regions.
For example
S. America current density is set to "country", however if activity is above normal, the Governance Board could change the density for Brazil to "city", allowing RHs to form in target cities within that country.
Changes to the quarterly BST allocation
It is important to note that changes to reward allocations for the prize pool require approval from the governance board. This ensures transparency and fairness in the distribution process.
Therefore, prior to the start of every new quarterly competition, the governance board will review and communicate any changes to the allocation of BST tokens per active Regional Hub. This approval is based on two factors:
the value of BST tokens at that time, and
the number of active Regional Hubs participating in the competition for that quarter
By considering the value of BST tokens and the level of participation from the Regional Hubs, the governance board aims to determine a fair amount of tokens to encourage and incentivize active engagement of our Regional Hubs.
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