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Within the BlablaBlock ecosystem, there are multiple roles, each having correspondence responsibilities and benefits. 🔽
In the BlablaBlock ecosystem, Validators play a crucial role. Every $BLA token holder can be a Validator, and Validators assess and verify the performance of trading managers listed on the BlablaBlock platform.
In the ever-changing cryptocurrency market, there are different optimal investment strategies for each phase. Validators rely on their own experience, observations, and data from trading managers on the BlablaBlock platform to make decisions. BlablaBlock's validation mechanism based on collective-wisdom helps the public find effective reference points when facing opaque and chaotic cryptocurrency investments.
Trading managers are traders and asset managers who showcase their trading strategies on BlablaBlock. Once managers join BlablaBlock, their trading data will be collected in real-time and displayed on the website. Ultimately, validators will vote to select ideal trading managers to manage the treasury assets.
The treasury funds will follow the strategies of the selected managers through API connections and distribute corresponding rewards to managers based on performance. After each round of voting (with each round lasting two weeks), the size of assets managed by each selected manager will be adjusted based on the voting rate and risk. For example, managers with a trading volatility exceeding 30% over the past 60 days will have their asset management size reduced through risk control adjustments to ensure the long-term stability of the $BLA treasury.
The treasury committee is selected every three months, and it is organized based on the amount of $BLA tokens held, starting from the address with the most $BLA tokens and filling down until the total token count of the committee members exceeds 50%. Treasury committee members are provided with a read-only API to monitor the current state of the treasury in real-time and review information disclosed by BlablaBlock publicly.
Every two weeks, $BLA tokens are minted and distributed to validators, managers, and the BlablaBlock team. The treasury committee oversees the quantity and process of token minting carried out by BlablaBlock.
Centralized exchanges are currently the venues where BlablaBlock's treasury and transaction managers execute their trading strategies. In the future, BlablaBlock will collaborate with centralized exchange partners in the copy-trading section, providing validation marks. Traders who have undergone decentralized validation mechanisms will have unique identification, bringing new guidance and direction to exchange users.