Summary
Last updated
Last updated
CALIUM is divided into Paid Issuance and Incentive Issuance, with a target ratio of approximately 10:2. Paid Issuance of CALIUM is possible through one means, namely through the CALIUM Exchange. Incentive issuance of CALIUM has two means, wherein a predetermined formula applied to the Paid Issuance of CALIUM allows for the additional Incentive Issuance of reward CALIUM, which is typically stored in the concept of a treasury. The reward CALIUM issued in this manner is utilized as a resource to activate the Eco-System, such as attracting new users.
The Circulation Volume of CALIUM is recorded on the blockchain every day, and the recorded data is used to determine the CALIUM Price for the following day.
In the CALIUM Eco-System, the 24 hours of the real world are referred to as an "Epoch," and this unit is used to roll up data periodically for technical utilization.
The CALIUM Price for paid issuance is determined using a predefined formula applied to the data recorded in the previous Epoch.
This formula is strictly defined and will remain unchanged throughout the operation of CALIVERSE. The rules governing this formula are as follows:
When the Circulation Supply/Standard Supply is less than or equal to 1, the Inflation Weight (%) is always set to 100%.
When the Circulation Supply/Standard Supply is in excess of 1, the Inflation Weight (%) will be set in excess of 100%.
In this case, if CALIUM is issued beyond the Standard Supply, the Issuance Price will be increased by the amount of excess issuance, thereby suppressing Circulation Volume, but the Minimum Issuance Price will be maintained at around $1. The Standard Supply was predetermined and recorded based on the criteria below:
CALIUM is used for holding LAND and interacting with AI NPCs called BEACONs. As UGQ content that leverages these assets gains wider adoption, holders will receive shared profits from paid UGQ content (UGQ Points), thereby realizing C2E (Create to Earn).
When the service expands into the Web 3.0 space, CALIUM can be used for smart contract-based DApp services, enabling the acquisition of future rewards.
Traditionally, in the platform services where economic systems exist, the value of goods used tends to decline over time as they are issued infinitely, facing inflation as the service period lengthens. Moreover, not only in services but also in the real economy, there are numerous examples of inflation mismanagement, where currency values fall and entire Eco-Systems collapse.
However, in the case of global key currencies like the US dollar, there are instances where positive inflation management is achieved through active monetary policies implemented at the government level. When the currency in circulation exceeds the economic growth rate of the Eco-System, the currency value decreases, and in the opposite case, the currency value increases, which is a natural phenomenon. The key is to maintain a proper balance between the economic growth rate of the Eco-System and the amount of currency in circulation to create a sustainable Eco-System.
Although many blockchain products have aimed for full On-Chain services for several years, there have been difficulties in achieving mass adoption from a user experience perspective. The main reason why Web 2.0-based services still dominate is that Web 3.0 is not in a vertical relationship with Web 2.0 technically but rather in a horizontal expansion relationship.
Each environment has its pros and cons, but since the philosophy and technical concepts of Web 3.0 have clear advantages in terms of reliability, transparency, and completeness, CALIVERSE has designed its project by effectively utilizing these elements. In existing services, since the Product Life Cycle (PLC) is limited, companies tend to view services as a single product, and this dominant perspective makes such an approach difficult to find in services run by traditional companies.
However, CALIVERSE aims to establish itself as the leading online metaverse service when the Web 3.0 Eco-System's bubble bursts, leaving only the true players. Therefore, CALIVERSE has designed with sustainability in mind, not as a product with a limited product life cycle, but as a semi-permanent platform service.
The CALIUM Eco-System, integrated with blockchain, originated from this background.
A sophisticated formula for positive inflation management was designed in relation to the economic system, and blockchain technology, which takes user experience into account, was introduced to demonstrate completeness in terms of reliability, transparency, and data integrity.
Based on this foundation, the system was structured to integrate the advantages of both Web 2.0 and Web 3.0 technologies.
In the CALIVERSE service, the data of CALIUM, a currency circulated Off-Chain, is rolled up and recorded On-Chain.
This data is regularly recorded in Epoch units, and once it is recorded On-Chain, it becomes viewable by anyone and permanently immutable.
The inflation rate of the Standard Supply of CALIUM applies the concept of halving every year. The quantity of CALIUM issued daily is adjusted annually according to the inflation rate up to the fifth year. To accurately understand the Standard Supply and inflation rate, a logical understanding of the following points is required:
The fixed inflation rate for each year determines the amount of CALIUM issued per Epoch based on the Standard Supply.
The fixed inflation rate for each year is applied in Epoch units to the Standard Supply.
The fixed inflation rate for each year only applies within the Epoch renewal cycle for each year of the Standard Supply.
Each year of the Standard Supply is updated in 365 Epoch units.
According to the logic above, the amount of CALIUM circulated per Epoch based on the Standard Supply is fixed and cannot be changed. In actual operation, however, the Circulation Supply cannot be precisely predicted and may inherently vary
The Circulation Supply is the amount of CALIUM actually issued in the metaverse and is recorded per Epoch.
The amount of CALIUM circulated per Epoch based on the Standard Supply differs from the actual amount of CALIUM issued per Epoch.
Since it is difficult for the Standard Supply and the Circulation Supply to match exactly during actual operation, the concept of "Inflation Weight" was introduced as a hedging mechanism The Inflation Weight follows the formula below:
When the Circulation Supply/Standard Supply is less than or equal to 1, the Inflation Weight (%) is always set to 100%.
When the Circulation Supply/Standard Supply exceeds 1, the Inflation Weight (%) will also exceed 100%.
Based on the above logic, the summary of items related to Standard Supply is as follows:
As the core currency of CALIVERSE, after the Initial Issuance Volume is determined, most issuance will occur through Paid Issuance, with at least 10% of the Paid Issuance being allocated to the Incentive Issuance of CALIUM attainable through participation in the CALIVERSE Eco-System. This includes reward CALIUM through the CALIUM Converter.
In other words, as Paid Issuance increases, the amount of reward CALIUM attainable through participation in the CALIVERSE Eco-System also increases.
The price of CALIUM issued through Paid Issuance at the CALIUM Exchange applies the following logic:
In other words, by comparing the amount of CALIUM circulating in CALIVERSE with the base issuance amount on an Epoch basis, if more than the Standard Supply is being distributed, the CALIUM Price will rise by the percentage of the excess.
This refers to the policy of applying a fixed formula to the New Issuance of CALIUM in CALIVERSE to enable additional issuance , allowing it to be stored and distributed to users as reward CALIUM. The data on the amount of stored and returned reward CALIUM is also provided through CALIUM On-Chain Information, making it accessible to everyone and immutable.
The storage of reward CALIUM reflects 10% of the CALIUM issued through Paid Issuance at the CALIUM Exchange and the increase in the CALIUM Price due to the Inflation Weight.
As a result, when CALIUM issuance increases, the CALIUM Price rises, and the accumulation of Eco-System reward CALIUM also increases accordingly. Conversely, when CALIUM issuance decreases, the CALIUM Price drops, and the stored amount of reward CALIUM decreases. However, considering the inflation of the base issuance amount, basic Content Rewards are allocated, creating a minimum demand for this CALIUM.
The reward CALIUM stored in this way becomes a driving force for Eco-System growth and is a crucial element in creating a sustainable service.
The core content that can be obtained with CALIUM includes World BEACONs and LAND.
A World BEACON refers to an AI NPC that can be placed on open fields, while LAND is provided in unique regions and building forms. World BEACONs and LAND are essential elements for UGQ creation, and holders of World BEACONs and LAND holder in UGQ will be able to receive UGQ Points.
Additionally, LAND owners can earn UGQ Points based on CPM, CPC, CPA, or other methods proportional to the number of visitors to the instances they own from advertising revenue secured by CALIVERSE.
In the future, UGQ Points can be monetized under the C2E (Create to Earn) policy, and World BEACONs and LAND will be able to be converted into NFTs through the On-Chain platform.
In other words, by comparing the amount of CALIUM circulating in CALIVERSE with the base issuance amount on an Epoch basis, if more than the Standard Supply is being distributed, the CALIUM Price will rise by the percentage of the excess.
As the CALIUM Price rises, the New Issuance of CALIUM increases, and thus reward CALIUM also increases, expanding the scale of Eco-Rewards for users. Increased reward CALIUM enhances the attractiveness of content, leading to a potential increase in new users seeking to earn reward CALIUM. The influx of new users creates more demand for UGQ, the core content of CALIVERSE, and the increase in UGQ users is linked to higher UGQ Point earnings for creators.
As creator earnings rise, more creators may enter the UGQ Eco-System, leading to an increase in high-quality UGQ content.
This cyclical structure between user and content growth through increased CALIUM issuance is the goal of the CALIUM Eco-System.
Short-term Reward
CALIUM Converter
Long-Term Reward
Resource Storage
The Standard Supply applies annual adjustments in units of 365 Epochs
The Standard Supply for the first five years was predetermined and recorded On-Chain.
The Standard Supply for the first five years applies the Target Inflation Rate based on references from real economic cases.
After the first five years, a fixed inflation rate of 5% will be applied.
The Final Inflation Rate (%) applied to the Standard Supply already includes the reward CALIUM for Incentive Issuance, which allocates about 10% to the CALIUM Converter that falls under Short-term Rewards as a Base Incentive Volume.
The Standard Supply is determined based on the Initial Issuance Volume, reflecting the Target Inflation Rate (%) every 365 Epochs.
This figure is the base value, and if it is exceeded, the CALIUM Price will increase to prevent an excessive rise in circulation.
The Target Inflation Rate (%) has been set and fixed to account for the initial growth of the Eco-System and the amount of Eco-Reward CALIUM allocated back to the Eco-System.
The Target Inflation Rate for each year has been set based on the target Eco-System’s economic scale, and after the fifth year, a fixed inflation rate of 5% will be applied.
The Standard Supply sheet disclosed in the White Paper confirms the CALIUM issuance per Epoch for the first five years, showing that it is a fixed value that will not change during operation.
In the future, information on CALIUM such as the issuance per Epoch, accumulated every Epoch, can also be viewed through CALIUM On-Chain Information.
It utilizes the data recorded on the blockchain from CALIUM On-Chain Information.
It compares and analyzes the values of the Circulation Supply and the Standard Supply.
This value is referred to as the "Inflation Weight."
Since the Inflation Weight is operated with a minimum value set at 100%, the CALIUM Price is always equal to or higher than the base exchange ratio.
This price is valid only for the given Epoch, and when the Epoch changes, a new comparison with updated data is required.
