B4B is sharing overhead to save cash.
eBítome.com is a unique non-profit upgrade, that converts slow inventory into overhead expenses.
400,000 Goods & Gigs barter and pay 15% cash fees per transaction to brokers.
We displace brokers with Decentralized Finance (DeFi) and make bookings on decentralized exchange using digital, automated, smart contracts, Reputation economic and a dynamic map of providers for bookings.
As transactions through the map are mined on digital ledger, new currency is deposited into Liquidity Pools which keep 200% more cash than coin made available.
A portion of each coin mined is soul-bound to the donor/provider and representative of their entitlement to vote in creating and redeeming social benefits, per the eBitome charter, in a form of Decentralized Autonomous Organization (DAO)
As a DAO, members vote per their Stake in the Liquidity Pools their soul-bound coinage represents. Collectively, holistically, democratizing the design, production and redemption of social benefits.
How it works:
In a first layer of transactions, providers receive eBitom, a charitable receipt, at market value of the Goods & Gigs they donate to eBitome. These are redistributed as overhead to other providers on call. These transactions in eBitom mine a second layer of native, eBitocoin.
eBitocoin is parsed at creation between, 'Soul-Bound' coin for Donors and the Platform, and a balance that is placed in the Liquidity Pools to farm yield used in funding benefits the DAO chooses to create.
eBitocoin is a stable coin.
Stabilized by a flux in the percentage of coin parsed between soul-bound and DEX.
If it rises above its peg (to be determined as the USD or Spot price of Gold), less new coin becomes soul-bound to dilute the price on DEX...and vice versa.
In converting Barter, eBitome had to account for the responsibility of centralized brokers in preventing 'runs' on more liquid businesses. This was done in kind to, how smart contracts fulfill orders in DeFi.
eBitome provides a systematic check and balance of liquidity through three fulcrums that establish provider Reputation that enables greater eBitocoin staking:
- Dynamic shading of a Providers listing on the map
- Reputation scores for conscientious participation
- Fluctuating percentages in eBitocoin received per transaction.
Here's how...
Providers declare an amount they are willing to allocate to eBitome each month and their listing is goes live on the map in Bold font. They may adjust upward, mid-month, but not down (Adding inventory mid-month, which gets consumed, is beneficial to Reputation (Rep); yet, running out is not a demerit.
As the dedicated supply from a provider diminishes, their listing on the map does too. Going from bold to normal then, fading in color until gone, when they are not obligated to Share until the following month.
When providers request of another, they receive a non-profit receipt in the form of eBitom which may be used on requests from the pool of Goods & Gigs. Reviews from transactions and interactions reflecting on Rep.
A provider's listing on the map fades from view as their monthly allocation to eBitome is Shared. This shows others an approximate quantity remaining for their jurisprudence in requesting, since others may want the same Goods & Gigs and courtesy in participating, like good sportsmanship, increases Reputation.
Higher Rep parlays a higher percentage of eBitocoin at mining. While voting and showing general and beneficial participation raises Rep to increase eBitocoin for strengthening the bond and unity of the platform.
