SymVerse is “symbiotic” in and of itself. There are three core agents which make up the blockchain ecosystem: the first are block producers- nodes that produce or propagate blocks, the second are vendors who create application services, and finally, wallet holders who are consumers that pay usage fees to the network.

Both block users and suppliers are connected via peer-to-peer network. The key importance of a blockchain is that it is impossible to exploit the network by a particular group since a particular server or server groups aren’t allowed to generate blocks at will. Thus, the network can continue to function even when a certain server unexpectedly shuts down. This in fact is a perfect depiction of a decentralization; having “blind” nodes to create blocks is an essential prerequisite for a true decentralization.

For a blockchain network to be sustainable, there needs to be some form of compensation mechanism in order for these agents to exist. These agents are compensated in the form of coins that are produced within the network. What truly sets SymVerse apart from its predecessors such as Ethereum and Bitcoin is that the reward distribution isn’t limited to block suppliers; a fair share of rewards is given out to dApps and consumers as well. All coins produced by block producers will abide to a distributive function called Sharing Rule to calculate the allocation based on a data written in the blockchain (i.e. transaction fee, size, and count).

The efforts that block producers and consumers contribute in the blockchain ecosystem is fundamentally different by design. Block producers contribute their effort by paying a fee for running their own nodes, whereas consumers’ effort account for paying a usage fee to the network. Therefore, under the method of the Sharing Rule, the line in which block users and suppliers coincide must be clearly drawn so that satisfaction from the block user side and profit margins from the block supplier side are optimized. To provide an example, let’s say both block user and supplier are rewarded 55% and 45%, respectively. A variable from which specific amount is arrived depends on the contribution of agents. Once the Sharing Rule among agents is established, “coin reward” will be determined by the competitive efforts made between the two. The “coin reward” is modularized based on game theory called “contest model,” which is made with a precise formula. It is made possible to show this formula to encourage voluntary participation and to make honest effort for all participants in SymVerse. These findings are prepared as an independent paper and it will be announced soon.