📂Tokenomics

1. Community Reward System

Best Patent Token

The Best Patent hopes to increase public interest in patents, encourage invention activity, and facilitate patent trading, ultimately creating a culture of play through the production of patent content.

Producing quality PATENTS content takes time, care, and effort.

Users need to be rewarded for their time, effort, and effort, and we provide this reward in the form of the Best Patent Token (BPT).

The Best Patent Team has a core mission to create a world where invention activities and the resulting patent rights are shared and traded with the value they deserve. In that sense, the Best Patent Token (BPT) will play the role of social capital within the knowledge ecosystem that the Best Patent Team dreams of, and we tokenize human knowledge and experience by giving them reasonable value.

In other words, the Best Patent Token (BPT) is the only intellectual and social currency that can replace someone's invention activities and the resulting patents, and we believe that the value of this currency can be achieved through the participation of many inventors in the invention ecosystem together with the service and institutional efforts of the Best Patent Team.

Best Patent Economy

The Best Patent Token is an integral part of a healthy invention community platform. Best Patent Tokens are issued as rewards to users who share their invention activities and resulting patent rights, and the reward system is very sophisticated.

The Best Patent Team does not disclose the details of the community reward system to the outside world to prevent abuse of the service. This is the same reason why search engines like Google and Naver do not disclose their search algorithms to the outside world.

The core of Best Patent’s community reward system is not simply the quantitative amount of service activity, but is evaluated based on ‘content’, which is the essence of our service.

In other words, more rewards are paid to sincere users who create high-quality invention activities and content called good patents frequently, consistently, and over a long period of time. And during this calculation process, AI technology also works together.

2. Mechanism for Best Patent Token's Value Increase

The Best Patent Token plays a very important role in the operation of the Best Patent Service to create a world where your invention activities and patent rights become money. In order to secure the reasonable value of the Best Patent Token, it is necessary to increase the token value in various and reasonable ways. The Best Patent Service endeavors to increase the value of Best Patent Token through the following methods and logics.

Supply and Demand Theory

The Best Patent Token (BPT) operates on the basic principle of economics: the mechanism of value appreciation through supply limitation. Even if the demand for the Best Patent service is steadily increasing and the network is activated, if continuous token issuance (Mintable) is carried out, the total amount of currency will increase, making it difficult to expect the value of the token to increase. The Best Patent Token (BPT) has a fixed total mintable of 10.5 billion tokens, i.e., a minting limit policy to drive value appreciation.

Buy-back

If the immediate selling of Best Patent Token (BPT) acquired through the use of the service to the exchange accelerates, the velocity of token circulation will increase, making it difficult to expect a stable increase in the value of Best Patent Token (BPT). .

To solve this problem, we will retire a certain portion of sales generated based on sufficient network activation by purchasing AHA tokens on the exchange through a share buyback method. This allows us to effectively adjust the amount of allocation that is released to the trading market, while maintaining the balance of selling and buying.

Network Effects

We know the power of network effects by looking at numerous existing services. In other words, the network effect becomes more valuable as more people use it. The fact that many people use the service means that many demand Best Patent Token (BPT), and this demand for Best Patent Token (BPT) naturally goes hand in hand with the supply principle, leading to an increase in value.A strong network generates a lot of data (patented content) based on many users, and the more data we have, the more sophisticated business modeling and better service feature extensions you can do, creating a flywheel that engages many other users.In other words, if the value of invention activities and patents is formed into economic value through Best Patent Token (BPT), the network's value chain can naturally expand.