Elumicate University
  • Network Overview
    • ๐Ÿ“œAbstract
    • ๐Ÿ‘‹Introduction
    • ๐Ÿš€Solution Overview
    • ๐Ÿ’ฐRelevant Markets
    • ๐ŸŽฏEvents Tracked
    • โ˜‘๏ธTechnical Features
    • ๐Ÿ›ฃ๏ธRoadmap
  • Blockchain
    • ๐Ÿ”—IoTeX Overview
    • ๐ŸคElumicate & IoTex
      • ๐ŸŒOverview
      • ๐Ÿ“–Architectural Diagrams
  • Tokenomics
    • ๐Ÿช™The ELUM Token
    • ๐Ÿ“ŠInitial Supply and Distribution
    • ๐Ÿ…Mining Rewards
      • โ›๏ธMining Reward Distributions
      • ๐Ÿ‘ซWorker Rewards
    • โ™ป๏ธToken Recycling
    • ๐Ÿ›๏ธGovernance & Staking
  • NFT
  • ๐ŸŽ‰NFT Role
  • workers
  • โ“What's a worker
  • ๐ŸŽ†Worker Rewards
  • referral system
    • ๐Ÿค—Refer a Friend
  • User Experience
    • ๐ŸงชCurrent Status - Explainer
    • ๐Ÿ‘๏ธSmart Vision App
    • ๐ŸŽฆAdding a Camera
      • ๐Ÿ™๏ธCamera Placement
      • ๐Ÿ“ฑMobile Device Camera
      • ๐Ÿ“ท3rd Party Cameras
        • โœ…Tested Cameras
          • ๐Ÿ“ธTP-Link Onboarding
          • ๐Ÿ“ธReolink Onboarding
        • ๐Ÿ“บFinding video access link (url)
        • ๐Ÿ”Port forwarding Router / Firewall
        • ๐Ÿš๏ธFind your Public IP address
      • ๐ŸŽ†Camera onboarding Steps in App
      • ๐Ÿ‡Add a Camera using a Raspberry Pi
      • ๐Ÿ›๏ธCamera stream Disclaimer
    • โญPotential Risks
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  1. Tokenomics

Token Recycling

In order to gain access to accumulated data, ELUM tokens must first be surrendered in exchange for data credits, which are pegged to the USD in value.

ELUM tokens that are used to acquire data credits are transferred back into the mining pool and will be redistributed to workers as required according to the mining reward distribution rules.

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Last updated 2 years ago

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