Tokenomics
This topic provides a summary of the key financial concepts that are operational on the platform.
Payment model
The FIB provides a freemium pay-per-use model that allows users to earn and spend internal digital credits.
Credits can be spent on downloading fraud event data from other users.
Uploading fraud events
In order to incentivize the registered peers to submit the fraud events that they have encountered, credits are rewarded for every submitted contribution.
See the following related tutorials:
Downloading fraud events
The earned credits can be used to pay for downloading the fraud event data stored on the blockchain, which enables peers to update their own records and stay informed about the latest fraudulent activities. This process helps organizations to remain vigilant and prevent fraudulent activities from occurring within their own system.
See the following related tutorials:
Credit balance
The number of digital credits that a peer has on their account, and that can be used to pay for downloading of fraud event data.
A peer can check their current credit balance by going to the Tokens page of the FIB Web UI or by calling the following API endpoint: Retrieving credit balance.
Confidence index
All of the contributions submitted to the blockchain are automatically evaluated and assigned a score—confidence index—which is a numeric representation of the level of certainty that a contribution is fraudulent.
When assigning a contribution with a confidence index value, FIB considers many crucial factors, such as the presence of CLI manipulation, origination from a known hotspot of fraudulent activity, attack patterns, event confirmation by multiple peers, etc.
The confidence index value inherently affects the price of downloading the fraud event data. By default, peers download fraud event data in accordance with the default conversion rate. However, when retrieving contributions (see the confidence-score
parameter) a peer can specify whether they want the price of the retrieved contributions to be calculated in accordance with the confidence index. If enabled, the price of any given contribution is expected to rise above the default conversion rate.
Info
As new fraud event data is uploaded to the blockchain, the confidence index value for any given contribution is constantly updated.
Current default conversion rate
- Uploading fraud events:
10
credits perid
fraud identifier. - Downloading fraud events:
1
credit perid
fraud identifier.
Welcome bonus
Every new peer that has successfully registered with FIB, automatically receives a 1,000
credits bonus.
Premium subscription
Our premium subscription offers custom paid conditions for users seeking to gain access to exclusive features and benefits, tailored to their individual needs.
To apply for a premium subscription and discuss the conditions, go to the Profile page of the FIB Web UI and select Request on the Subscription tab.
Alternatively, you may contact us at support@fraudintelligencelimited.com.
Monthly reward limit
The monthly reward limit is currently 1,000,000,000
rewards per peer.
A peer can check their current limit status by calling the following API endpoint: Retrieving peer limit status.
Info
Fraud Intelligence Limited may from time to time, by an in-advance written email notice to you, adjust the reward limit, in accordance with the Fraud Intelligence Blockchain Terms & Conditions document.