This article aims to provide a detailed understanding of the BEAMS Distribution mechanism for allocating daily rewards to track owners and node player operators during the calibration period on the Gala Music platform.
This article assumes the reader understands the information in the following articles:
Overview of BEAMS Distribution
The BEAMS Distribution is how daily rewards are allocated to track owners and node player operators on the Gala Music platform during the calibration period. The total daily reward pool consists of 250,000 BEAMS. This is a temporary number of BEAMS distributed until the conclusion of the calibration period. The new system will eventually turn into a bonding curve, where these daily rewards will be transitioned to the official Gala Music Token.
Calculating Rewards Based on Popularity Rank
To calculate the daily rewards allocated to a song, the platform uses the song's popularity rank, following a beta distribution. The pre-normalized distribution ratio (r_raw) is determined and then divided by the sum of r_raws for all tracks to obtain the normalized distribution ratio.
The normalized distribution ratio is then multiplied by the total daily reward (250,000 BEAMS) to determine the total BEAMS assigned for a specific track.
Reward Allocation to Track Owners and Node Player Operators
Once the total BEAMS assigned to a specific track has been determined, the platform divides the allocation by the number of NFTs paired to the nodes meeting the uptime requirement. The uptime requirement changed over time, starting at 0 hours in the earlier week, increasing to 12 hours in the recent week, and finally reaching 20 hours in the current week.
The per-track allocation is split evenly (50:50) between the track owner and the node player operator.
Factors Influencing Token Distribution
A song's daily token distribution depends on two main factors:
The song's popularity rank: Higher-ranked tracks with more listens will receive more tokens.
The number of eligible tracks (NFTs) paired with nodes: If a specific song has fewer tracks paired with eligible nodes on a given day, the per-track distribution tends to be higher, as there are fewer tracks sharing the total allocation.