# BGC X IBLOOMING TOKEN FLOW DRAFT

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title: "iBLOOMING × BGC — TOKENFLOW v1 (AS-IS → TO-BE)"\
version: "v1.0.0-draft"\
date: "2025-10-28"\
language: "EN"\
ties\_to:

* [WHITEPAPER Doc (draft)](https://baca.endhonesa.com/all-notas-markdowns/~gitbook/pdf?page=307NXv8YeYMxsWTZaV5z\&only=yes\&limit=100) (Outline)
* [UNDERSTANDING Doc](https://baca.endhonesa.com/all-notas-markdowns/~gitbook/pdf?page=4Eh8GomcmSGx85uX6sBg\&only=yes\&limit=100) (PC/SP definitions)
* [LIVING Doc](https://baca.endhonesa.com/all-notas-markdowns/~gitbook/pdf?page=ijQlNvGkp9UTE2LR2Tjm\&only=yes\&limit=100) (Strategic Objectives)

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## 0. Glossary (aligned with UNDERSTANDING)

* **PC** — 100 PC = 1 USD (primary utility: BGC physical products).
* **SP** — meter of reward rights; basis for periodic USD payout.
* **ALPHA** — *settlement layer* converting PC/SP → rights; **ERC-20 interface, non-transferable; mint/burn only via AlphaController** (pre-iBC/iBTC).
* **iBC / iBTC** — on-chain tokens activated post simulation/validation.
* **AA (Smart Account)** — account abstraction wallet mapped via Wallet Registry (post Web3 Login).

## 1. AS-IS (brief)

### 1.1 BGC On-Ramp & PC

* Fiat in → PC increases → spend on physical products → PC decreases.\
  \&#xNAN;*Pain points:* idle PC; limited utility.

### 1.2 BGC SP & Payout

* SP accrues from activities (LTS/RR/GR/…) → periodic USD payout.\
  \&#xNAN;*Pain points:* value leaks out of ecosystem; admin dependency.

### 1.3 iBLOOMING Revenue & Rewards

* Periodic fiat intake & distribution; limited real-time transparency.

## 2. TO-BE (conversion via ALPHA)

### 2.1 Unified Conversion (v1 Pilot)

* **PC→ALPHA:** 100 PC : 1 ALPHA; fee **0**; cooldown **0**.
* **SP→ALPHA:** $1 : 1 ALPHA; fee **0**; cooldown **0**.
* **Default:** ALPHA is used to **spend / access / stake** (internal).
* **USD payout** for specific BGC components remains **AS-IS** (see UNDERSTANDING Doc).

#### 2.1.1 Cash-Out Windows (v1 Pilot)

* **Frequency:** 4× per year (quarterly).
* **Window length:** 7 days per window.
* **Minimum payout:** $50.
* **Payout fee:** 100 bps (1%).
* **KYC required.**
* **Note:** secondary, scheduled path for value to exit the ecosystem.

### 2.2 Partner Loop (phased)

Curated/limited external spending access → keeps value circulating within network.

### 2.3 Demand Engine (iBLOOMING)

Sinks & multipliers (classes, premium features, boosts) to absorb value on-platform.

## 3. Event Model (auditability)

**Event list (minimal final):**\
`JoinAffiliate`, `MintPC`, `SpendPC`, `EarnSP/AccrueLTS`, `CPContribution`, `PoolAccrual`, `ConvertToALPHA`, `Spend/Stake/Access`, `CashoutWindowOpened/Closed`, `PayoutUSD`.

**Minimal columns per event (schema):**

* `actor_id` (string) — internal user/entity id
* `what` (enum) — event type (as above)
* `amount` (decimal) — numeric value of the event
* `unit` (string) — PC | SP | ALPHA | USD | count
* `timestamp` (iso8601) — event time UTC
* `ref_id` (string) — invoice/receipt/reference id
* `channel` (string) — web/app/partner (optional)
* `data_hash` (hex) — hash anchoring off-chain proof (file/url payload)

> *Append-only*: events are never edited/removed; corrections are appended as new events with `ref_id` linkage.

## 4. Policy & Parameters

**Principle:** behavior-based, non-speculative; policy changes are versioned.

### 4.1 Pilot v1 Values (synced with WHITEPAPER)

**Sponsor Gas & Caps (v1)**

* `sponsor_gas.enabled = true`
* `actions_covered = [onboarding, convert_to_alpha, spend/access]`
* `daily_cap_per_user ≈ $0.10`
* `global_daily_budget ≈ $20`
* `throttle_global = true` ; `pausable = true`

**Anti-Abuse & Sybil (v1)**

* `referral_cooldown_days = 1` ; `max_tier1_joins_per_actor_per_day = 10`
* `require_unique_device = true` ; `duplicate_device_limit = 2`
* `audit_sample_rate_pct = 5`
* `wash_trade_zeroing = true` ; `penalty_cooling_off_days = 7`

**Settlement Rhythm (v1)**

* `accrual_frequency = daily` ; `points_settlement_frequency = weekly`
* `pool_distribution = { GPS: semiannual, WEC: quarterly, MC: monthly, GMP: monthly, GEC: monthly }`

### 4.2 Placeholders to be tuned by Tokenomics

* PC/SP→ALPHA adjustment rules (post-pilot), weekly quotas, extended cooling-off.
* Anti-wash/self-dealing refinements; limited dispute & rollback policy.

## 5. Compliance & Communications Guardrails

* **ALPHA = loyalty/rights**, **non-transferable**; free transfer disabled (controller-governed only).
* **USD payout (AS-IS)** for specific BGC components continues unchanged.
* **Cash-out windows = secondary & scheduled; KYC mandatory.**
* **Legal sign-off is a hard gate** before any public **iBC/iBTC** phase.
* Public messaging avoids investment language; disclose risks & usage boundaries.

## 6. Alignment Table (Solution ↔ GAP ↔ Objective ↔ KPI)

| Solution/Policy                | GAP Closed | Objective                 | Primary KPI                 | Notes            |
| ------------------------------ | ---------- | ------------------------- | --------------------------- | ---------------- |
| PC/SP→ALPHA bridge             | Gap-1      | Revenue↑, Active users↑   | ARPU, MAU/WAU               | (for simulation) |
| Scheduled cash-out windows     | Gap-2      | Cost↓, Tax↓               | Cost/tx, Tax incidents      | (for simulation) |
| Append-only ledger (events)    | Gap-4      | Cost↓                     | Ops MTTR, Error rate        | (for simulation) |
| Rate-limit + anti-abuse        | Gap-3      | Cost↓, Affiliate↑         | Ops cost, Retention         | (for simulation) |
| Sinks (classes/features/boost) | Gap-6      | Revenue↑                  | On-platform GMV             | (for simulation) |
| **Fairness metric**            | Ops-gap    | Affiliate↑, Active users↑ | **Reward Gini Coefficient** | (for simulation) |

## 7. Decision Log — v1 (Pilot)

* **Conversion:** `100 PC → 1 ALPHA` ; `$1 SP → 1 ALPHA` ; fee `0` ; cooldown `0`.
* **Cash-Out Windows:** `4×/year` ; `7 days` ; `min $50` ; `fee 1%` ; `KYC = true`.
* **Sponsor Gas Caps:** `≈$0.10 / user / day` ; `≈$20 / global / day` ; throttle/pause enabled.
* **Anti-Abuse:** referral cooldown `1 day` ; `10` tier-1 joins/actor/day ; device rules ; sampling `5%` ; `zeroing + 7-day cooldown`.
* **Settlement Rhythm:** accrual `daily` ; points settlement `weekly` ; pools as listed in §4.1.

## 8. Open Questions

* Cash-out thresholds/frequency for post-pilot; Q1/Q2 sink priorities; initial/adjusted rate-limit parameters; partner loop expansion gates.

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