Introduction #
The rewards distribution on trendhub is designed to incentivize community participation and engagement. This guide explains how rewards are allocated at the end of a Hub’s lifecycle and how you can manage this process effectively.
Understanding the Hub Balance #
Before initiating a Hub, creators can load the Hub Balance with funds. These funds are used to distribute rewards to participants who engage with the Hub’s content.
Loading Funds #
- Navigate to your Hub’s settings.
- Select the ‘Hub Balance’ option.
- Input the amount you wish to load and complete the transaction.
Voting and Tokens #
Each vote in a Hub represents a stake in the potential rewards. When users like an item, they allocate a portion of their tokens to that item.
Voting Process #
- Users select the item they wish to support.
- Confirm the amount of tokens to stake.
- Tokens are transferred to the Hub account.
Reward Distribution Key #
At the conclusion of the Hub, the total tokens are distributed to the winners based on a predetermined distribution key.
Calculating Rewards #
- Total votes are tallied, and items with more than 50% support are identified as winners.
- The distribution key is applied to allocate rewards fairly among winning items.
- Users who supported winning items receive their share of the Hub Balance.
Fair Distribution System #
The system ensures that rewards are spread out to prevent any single user from dominating the winnings, promoting a fair and exciting experience for all participants.
Distribution Scenarios #
- Majority Wins: If one item receives the majority of votes, its supporters are rewarded accordingly.
- Split Pot: In a more diverse voting scenario, the pot is split among several items, with the distribution reflecting the proportion of votes each item received.
Step-by-Step Distribution #
At the end of the Hub, follow these steps to distribute rewards:
- Review the Results: Check the final tally of votes for each item.
- Determine Winners: Identify items with more than 50% support.
- Calculate Shares: Apply the distribution key to calculate the share of rewards for each winning item.
- Distribute Rewards: Allocate the tokens from the Hub Balance to the winners’ accounts.
- Notify Participants: Communicate the outcome to all participants and distribute any physical or digital rewards if applicable.
Transparency and Trust #
Maintaining transparency throughout the rewards process is crucial for building trust within the community.
Best Practices #
- Clear Communication: Always inform participants about the reward distribution key ahead of time.
- Visibility: Make the distribution results visible to all users to ensure transparency.
- Support: Provide a support channel for any inquiries or disputes regarding the distribution of rewards.
Conclusion #
By following this guide, Hub creators can ensure a transparent, fair, and rewarding experience for their community on trendhub. With the right planning and communication, the rewards distribution can become a powerful tool for community engagement and growth.