Tokenomics ​

This topic provides a summary of the key financial concepts that are operational on the platform.

Subscription types ​

FIB provides its users with the following two types of subscription:

Freemium ​

Pay-per-use model that allows its users to earn and spend internal digital credits, called tokens.

Tokens can be earned by uploading fraud events and spent on downloading fraud events.

Freemium subscription is available for all registered FIB users and applies all of the rules described in this documentation.

Premium ​

Paid model that allows its users to have unlimited access to the fraud data stored on the network.

Base price of a Premium subscription is 1,000 USD per month. However, if you require exclusive features and benefits, these can be discussed individually and may affect the base price of the subscription.

To apply for a Premium subscription, please contact us at support@fraudintelligencelimited.com.

Uploading fraud events ​

In order to incentivize the registered peers and their users to submit the fraud events that they have encountered, credits are rewarded for every submitted contribution.

See the following related tutorials:

• Tutorials: Web App > Uploading fraud data
• Tutorials: API > Submitting a contribution

Downloading fraud events ​

The earned tokens 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:

• Tutorials: Web App > Downloading fraud data
• Tutorials: API > Retrieving contributions

Token balance ​

The number of digital credits that a user has on their account, and that can be used to pay for downloading of fraud event data.

Users registered under the same peer share the same token balance.

A user can check their current token balance in any of the following two ways:

• By calling the Retrieving token balance endpoint as an authorized user.
• By checking the Balance section of the Profile screen as an account signed in to the Web App.

Current conversion rate ​

• Uploading fraud events: 10 tokens per id fraud identifier.
• Downloading fraud events: 1 token per id fraud identifier.

Welcome bonus ​

Every new user that has successfully registered with FIB, automatically receives a 1,000 tokens bonus.

Monthly reward limit ​

The monthly reward limit is currently 1,000,000,000 tokens per peer.

A user can check their current limit status in any of the following two ways:

• By calling the Retrieving peer limit state endpoint as an authorized user.
• By checking the Balance section of the Profile screen as an account logged in to the Web App.

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, users download fraud event data in accordance with the current conversion rate. However, when retrieving contributions (see the confidence-score parameter) a user 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 might rise above the current conversion rate.

Reward split ​

Token rewards for uploading contributions can be split between the original source of the fraud data and the actual uploader of that data. This allows for a more equitable distribution of rewards, acknowledging the value of both the original data source and the uploader's efforts.

Contribution records include the optional sourcePeerId field, and upon contribution upload, the system now checks if a sourcePeerId value is specified. If it is, the reward is split in a 1:9 ratio if favor of the source. If it is not, the reward is allocated to the single uploader in full.