Contribution rewards system

Thought it would be great to add this as a separate post with dedicated title that could be featured/pinned to ensure it is seen properly just incase anyone missed it in the comments…. It’s z1oHa79x3H6vxv9hfW8bHczPmwHKfAaRRmSs words in a reply to a post by z1dTAX6BubAxmhXGP8zMVAZAFwizvbv8gnB regarding the community contribution rewards system, certainly worth a read!

Original thread:

  Arcblock proof of contribution reward system question

Robert’s Comment:

“We will gradually make this reward system comprehensive and fair, and with the support and help from our community.  We will present proposals and conduct votes for the majority of those rewards to guarantee fairness and transparency.

(Disclaimer: This is just an idea dump in public, we could improve of change later) 

Reward Pools

We will establish various reward pools periodically and for different purposes.

In essence, any action that has a positive impact on our community will be rewarded. It is crucial to note that these rewards can be received repeatedly for the same contributions made in the past, as this is the inherent nature of the reward pool system. 

Various contributions may carry different weight in different reward pools. For example, in a reward pool dedicated to builders, contributions related to marketing or promotion may carry less weight, whereas in a reward pool for opinion leaders, the same contributions could hold significant weight.

The reward pools will expire, and any unclaimed rewards will either be returned to the community reward fund or rolled over to the next pool, in accordance with the rules of the reward pool. However, as the rewards are distributed periodically, even if some contributors may have missed out on a reward pool, they still have opportunities to partake in future rewards and their efforts will not be overlooked.

Reward Pools are NOT airdrops 

Unlike the airdrop events of many crypto projects, reward pools are not distributed automatically. All rewards must be claimed by the recipients, as ABT operates within a circulating economic system. This approach ensures that the ABT token is utilized efficiently and circulated within the community, without being sent to inactive accounts, regardless of their contributions.

We will utilize algorithm and AI assistance to filter out negative behaviors in order to guarantee that only genuine community members receive rewards, excluding any "e-beggers," spammers, or Sybil attacks. 

DID/Verifiable Credentials will be used for Proof of Contribution 

We already possess highly advanced and refined technology for "Proof of Contribution", namely Decentralized Identifiers (DID) and Verifiable Credentials. 

Many actions have already been recorded on the blockchain, whether in the transactions themselves or in the VC/NFTs you possess. Rest assured, even if you have already traded the NFTs, the blockchain retains all information regarding their original ownership.

For off-chain activities, such as contributing on social media, creating tutorials, assisting us with social media marketing, generating content, reporting issues, etc., we will employ a variable verification method and issue Verifiable Credentials upon completion of said verification.

All reward pool claims will be solely based on on-chain transactions or verifiable credentials.

What are considers as contributions ?

There are many things that we will consider as contributions. If you believe we have overlooked something, you can always suggest additions.