Human Listening

The wealth in Celody Life is powered by listening to music streams. If you listen to a celody stream (including FORREV streams) for a certain time period, you will automatically generate tokens for a digital person. In other words, humans listening to music is what powers the wealth of Celody Life. The minting process of tokens comes through people wanting to listen to music. Stop listening and you stop wealth.

Listening

Tokens to Digital People

A Celody stream gets virtually assigned to digital people in Life. This assignment is split between many digital people on a percentage basis. So when a human listens to a stream, one of those digital people is picked and then allocated wealth. You can view a digital person's wealth (and their assigned streams) when you inhabit them in Life. Wealth is just one feature of a digital person.

Digital People

Token Economics

The tokens are allocated in a simple manner that encourages humans to just listen to the music they like (while also discouraging bad actors). There is a maximum number of tokens that get dispersed in a given time interval. So the more streams that are being listened to creates less tokens given per stream. The more people listening also lengthens the required listening period before tokens are allocated. Finally, Celody uses randomization in allocating the tokens to digital people to further discourage bad actors.

Token Economics

Using Tokens in Life

The tokens within Life are used as much as possible when you inhabit a digital person. Many of the actions in Life require a certain amount tokens to be spent. For example, tokens are required to mate and have kids in Life. And tokens are required to chat or change personalities. When tokens are used, Celody then triggers a random process for redistributing the spent wealth.

Spending Tokens
Next: Forrev Streams