Blockchain Units

CYBEX separates responsibilities and incentives activities that are beneficial to the network, thus acknowledging different skill sets and interested community members to have incentives to contribute in the most appropriate way.

• Shareholders are people holding CYB.
• Committee members are unpaid volunteers that organize the community and propose changes to the network.
• Witnesses are paid for maintaining the back-bone of the network.
• Workers are paid for whatever they propose and do.
• Marketers are paid in referral fees.

Shareholders

Every entity holds the core token (CYB) is considered a shareholder of the CYBEX decentralized company. Furthermore, each CYB can be used to cast a vote for Witnesses， Committee Members and can thus participate in the corporate governance.

Committee

The CYBEX blockchain has a set of parameters available that are subject of shareholder approval. The CYBEX committee consists of several active committee members which is responsible for defining the parameters.

Shareholders can define their preferred set of parameters and thereby create a so-called committee member. All committee members are sorted according to their approval rate. The first 21 members will become active.

The following blockchain parameters can be set:

• block interval: i.e. block interval, max size of block/transaction
• witness parameters: i.e. maximum amount of witnesses (block producers)
• fee structure: fess that have to be paid by customers for individual transactions
• witness pay: payment for each witness per signed block
• worker budget: available budget available for budget items

Witnesses

The witnesses' job is to collect transactions, bundle them into a block, sign the block and broadcast it to the network. They essentially are the block producers for the underlying consensus mechanism.

For each successfully constructed block, a witness is paid in shares that are taken from the limited reserves pool at a rate that is defined by the shareholders by means of approval voting.

Workers/Budget Items

Thanks to the funds stored in the reserve pool, CYBEX can offer to not only pay for its own development and protocol improvement but also support and encourage growth of an ecosystem. Every shareholder can apply for budget items.

In order to be get paid by CYBEX, a proposal containing

• the date of work begins,
• the date of work end,
• a daily pay (denoted in CYB),
• the worker's name, and
• an internet addresses.

has to be publish on the blockchain and approved by shareholders.

A blockchain parameter (defined by shareholders through the committee) defines the daily available budget. No more than that can be paid at any time to all workers combined.

The daily budget is distributed as follows:

• The available budget is taken out of reserves pool.
• The budget items are sorted according to their approval rate (Pro - Con) in a descending order.
• Starting at the worker with the highest approval rate, the requested daily pay is payed until the daily budget is depleted.
• The worker with the least approval rate that was paid may receive less than the requested pay

Since the payments for workers from the non-liquid reserve pool result in an increased supply of CYB, these payments are vesting over a period of time defined by shareholders.

Two types of pseudo workers exist that are not primarily used to for salary.

• Refund Worker

This worker is used to set an approval limit for worker proposals and their payment by simply refunding his payment/salary to the reserve pool. If its amount of daily pay is as large as the daily available funds, and the worker has highest approval among all worker proposals, all funds will be returned to the reserves and no one will be paid. If, however, other workers proposal has more votes than the refund worker, the proposal gets paid its salary, and the rest is return.

• Burn Worker

This type of worker is similar to the Refund Worker above but burns his pay.

Marketer

CYBEX is seeking the partners who also looks to improve liquidity of crypto assets that's more transparent and secure than the centralized counterparts currently in the market today. The ecosystem will be built and operated by a network of likeminded partners across the globe in a decentralized network.

All the partners are marketers of CYBEX ecosystem whatever they are individuals or business companies. The marketers are able to run their own referral program after upgrading to lifetime membership and invite their customers to CYBEX network as well.