Tezos Baking Economics - Model

	B	C	D	G	H	I	J
1	Instructions
2	This model was created to help people in the community quickly assess returns from baking and delegating with Tezos.
3	The model is kept simple intentially for it to be more usable.
4	For a more detailed list of caveats and assumptions, please visit: https://medium.com/@grahamsmith1/tezos-baking-economics-guide-5d4a2bc2a9d3
5	Feedback and suggestions for changes/corrections welcome.
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7	Inputs			Outputs
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9	Tezos Supply			Tezos Supply
10	Total Tezos Supply	763,306,930	ꜩ	Rolls in Total Tezos Supply	76,330	rolls
11	Average Time between Blocks	63.87	seconds	Rolls Actively Staking/Baking	33,584	rolls
12				% Tezos Actively Staking/Baking	44%
13	Rolls Held (Owned, Delegation)			Average Time between Cycles	3.03	days
14	Initial Tezzies Owned	60,000	ꜩ	Days	3	days
15	Max Tezzies from Delegators	667,946	ꜩ	Hours	0	hours
16				Minutes	40	minutes
17	Delegator Share of Rewards			Ratio of 60 seconds to Average Time between Blocks	0.94
18	Delegator Share (of Delegator Rewards Pool)	85.00%	of reward	Estimated Blocks Per Year	493,753
19				Annual Non-Dilutionary Inflation (Target)	5.51%
20	Price			Annual Non-Dilutionary Inflation (Operational)	5.17%
21	Tezzies Price	$1.50
22				Rolls Held (Owned, Delegation)
23				Number of Rolls Owned	6	rolls
24				Number of Rolls from Delegators	66	rolls
25	Created By:
26	Graham Smith			Security Deposits	Amount	Unit
27	Figment Capital \| Figment Networks			Total Tezos in Security Deposit	8.24%
28				Security Deposit Duration	18.17	days
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30				Cost Summary
31				Total Monthly Recurring Costs	$1,400.00
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33				Year One Summary	Day 0	End of Year 1	Change
34				Tezzies Owned	60,000	71,133	11,133
35				Value of Tezzies Holding (current price)	$90,000.00	$106,699.21	$16,699.21
36				Total Cost of Operations	$0.00	$17,097.60
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41	Glossary
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43	Tezos Total Supply: The total amount of Tezzies.
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45	Average Time between Blocks: Target is 60 seconds. Reality is 60+ seconds. The historical time between blocks [Tab: Avg Time Between Blocks] is used.
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47	Initial Tezzies Owned: Change this to the amount of Tezos you own. Start and End Date: [Tabs: 12 Month Model, Summary] Adjust the start and end dates for Tezos holding accordingly. Any annual or period aggregation will need to be adjusted accordingly. Current start and end dates are Oct 2018 to Oct 2019.
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49	Max Tezzies from Delegators: Dependent on the security deposit required which is based on Tezos Owned, % Security Deposit, and Staking %. Delegated Stake to Baker: [Tabs: 12 Month Model] This should be the actual amount of delegation capped at Max Tezos from Delegators.
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51	Delegator Share: This is the % of rewards that delegators will receive after fees to the baker to cover baking costs and risks.
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53	Tezzies Price: The current price of Tezzies used to value Tezzies holding in USD.
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