Hi! This is John Heeter, CEO and Founder at Boid.com
When I founded Boid, I did so with a few core ideas:
- Blockchains empower communities to quantify latent value.
- The value of any network comes from the community of participants who utilize it.
- Focusing on accessibility will bridge the gap between ideology and action.
The outpouring of support we have seen from the EOS community has been staggering and has proven my initial assumptions to be valid. Boid is a direct extension of my own personal worldview, and I’m honored to share it with you.
We like to call Boid a meta-platform. As a user, you only need to interact with one simple application in your browser or installed on your devices, and our system automatically connects you to a myriad of underlying protocols across multiple blockchains and other distributed networks. The overarching mission of Boid is to unlock the power of these incredible networks for a mainstream audience. With this post, we want to share information about our platform growth and hint at a few developments on the horizon. Let’s get started!
- Boid Alpha went live on August 3rd.
- Within the first 7 days, 675 user accounts were created on the platform. Today we have over 5k
- The BOID token airdrop started on August 15th.
- We started onboarding the first Boid teams on August 28th. Today we have eight Boid teams with more in the pipeline.
- On September 7th the Boid.com account broke the #10 global position for daily BOINC contributions to World Community Grid.
- On September 10th we enabled users to link their EOS account to their Boid account.
- On October 6th we kicked off BOID token integration with daily payouts to users on the blockchain.
Boid Team Highlights
- eosDAC joined on August 28th as our first Boid Team. Read the eosDAC team + airdrop announcement here.
- On September 4th, Trybe.one launched a team and quickly grew to over 800 team members. Check out their announcement here.
- EOS New York and EOS Detroit launched teams the week of Sept. 10th. The dedicated EOS NY Boid Channel has been fun.
- Boid has a solid Korean community on Telegram, so we made a dedicated Boid Korea team which now has over 220 members.
We are proud to announce that Boid users have contributed over 248 years of CPU time towards cancer research. 2,116 Work Units are completed each day, with an average runtime of 4 hours per unit. Each of these completed Work Units aids efforts to detect cancer earlier and design more effective cancer treatments.
Currently, Boid users contribute their computing power towards the Mapping Cancer Markers project. Recently we added the Smashing Childhood Cancer project to the rotation, which will increase the available work for devices to process. Boid.com is currently ranked globally at #9 for daily points generated and still climbing the BOINC leaderboards.
On August 15th, we deployed the BOID token contract at boidcomtoken and started to airdrop the tokens to the EOS community. All genesis accounts with an EOS balance between 250 and 100k EOS received tokens at a 5:1 ratio. Other account holders can manually whitelist their account by linking their genesis EOS account to their Boid account. Users who run the Boid software are able to mine for the BOIDs using their computing resources. Currently over 1000 users are receiving BOID tokens daily to their EOS account, minted by their computing power contributions.
Q: How does Boid work behind the scenes today and in the future?
A: Today: The Boid team runs a backend server that talks to multiple networks to gather the device contribution statistics of devices running the Boid application. After gathering the device performance stats, a Boid Power rating is calculated on a per-device basis. Boid Power determines the ranking of individuals in the leaderboards as well as profitability.
Future: All functionality currently running on our server will operate as a set of autonomous smart-contracts on the Boid sidechain. These contracts will be governed by a set of specialized supernodes operated by the community. Each team will operate at least one supernode, and together these nodes will reach BFT consensus around the state of device contributions and the validity of returned computational results.
Q: What protocols does Boid support today and in the future?
A: Today the Boid platform connects users with three different underlying networks.
- Gridcoin: Proof-of-Research blockchain that rewards volunteer distributed computing contributions across many popular BOINC projects.
- Byteball: Innovative DAG network with easy to use smart-contracts. The Byteball community funds a WCG Distribution smart contract.
- Monero: Proof-of-Work blockchain based on the CryptoNote codebase with ring signature tech for advanced privacy.
Our next large protocol update will introduce GPU PoW functionality. This update will enable users with Graphics Processing Units, to contribute Proof of Work to help secure various blockchains alongside the existing distributed CPU projects that we support today.
- Ravencoin: Innovative UTXO based chain for digital asset issuance.
- Ethereum Classic: The original immutable “Code is law” chain of Ethereum.
We are currently exploring additional protocols for integration in Q1 2019 which will tap into available storage space and network bandwidth, including support for stake mining promising coins. Additionally, you can expect to see redundant protocol integrations with automated profitability arbitrage between similar networks. Due to the modular nature of the desktop app, hundreds of protocols can be implemented as plugins inside the Boid app without disrupting the simple user experience.
Q: What happens to the coins that are generated from the underlying blockchains of Boid?
A: During the alpha, users can only receive BOID tokens. In the near future, users will be able to receive other currencies just as easily. Underlying coins which are not claimed directly by those who generated them(they opted to receive BOIDs instead) will enter into a platform profitability pool which provides capital for BOID token staking profitability, DAC worker funds, and other platform functions. When the staking contract is finalized, we will release more information specifically detailing these mechanics. For transparency, you can see the Boid platform token addresses here:
Q: How does Boid Power work?
A: The Boid Power rating is a summary of recent contributions of computing resources (CPU, GPU, HDD, NET) by specific devices running the Boid software. Each user account receives a power rating which is the sum of the power ratings of attached devices. Each contribution by a device has a “weight” which acts as a multiplier for the Boid Power generated by that contribution. The weight of the contribution is reduced over time. When a device makes contributions reliably, the device will eventually reach a plateau, as it maxes out the Boid Power timeframe where contributions are accounted for. When a device is no longer making resource contributions, the Boid Power rating will trail down to zero as historical contributions loose “weight”.
When rewards are distributed to Boid participants, the total Boid Power on the platform is accounted for and each user represents a share of the total. That share of the total power is then applied to each payout/minting cycle, and user payouts are placed in Boid wallets.
Q: What are the different teams and why would I want to be on one team rather than another?
A: While blockchain networks are traditionally great at providing monetary incentives to network participants, they often lack an accessible viral social element. Boid teams constitute a part of what we call “Social Incentives” which, when combined with monetary incentives, creates a strong engagement loop which is unique to the Boid platform. By tapping into the innate tribalism of online communities, we hope to create a more engaging and rewarding experience for all participants.
Today, teams are a very basic concept on the platform, but later this year, we will start implementing the ability for team leaders to dictate custom reward structures for their communities. For example, a team could pay 80% of the bonus token pool with a contribution share-based payout and the other 20% could be randomly drawn to 3 lucky winners. Additionally, the platform will allow team leaders to issue unique blockchain assets and physical rewards, which are only obtainable by reaching certain contribution milestones inside specific teams.
Q: When is the Boid Whitepaper going to be released?
A: Before EOY. Our philosophy is “show; don’t tell”. As the Boid platform evolves based on real-world usage and feedback from our active community, we will solidify lessons learned and future goals.
The amount of content created by the community is already outstanding, from quick summaries to in-depth interviews, you can deep dive on Boid to your heart’s desire.
Interview with Dappcast
Interview with Costa Crypto
Crypto Money Life Boid Walkthrough
EOS Is Very Cool Interview
Cypherglass Airdrop spotlight
Exploring EOS Interview
Interview with Bitboy at Blockworld
EOS Ignite Presentation
Boid encounter of the first kind
The value of Boid
Things you don’t know about Boid
Boid mass adoption
The first mineable EOS token
Boid is awesome
Why Boid has chosen EOS