After a Hub’s lifecycle concludes, the TOKEN distribution process is a critical phase where the rewards are fairly allocated among the participants based on their engagement. Here is a step-by-step guide and explanation of the post-poll TOKEN distribution process on trendhub:
Understanding TOKEN Distribution #
TOKEN distribution is the mechanism through which rewards in the form of TOKENs are disseminated among the users who participated in a Hub. This process is automated and follows the rules set by the Hub creator at the outset.
End of Poll #
At the end of a Hub’s active timeframe, the voting is closed, and the system tallies the likes or votes each item within the Hub has received.
Determining Winners #
Winners are determined based on the items that received more than 50% of the total votes within the Hub. Each winning item’s voters are eligible for a share of the Hub’s TOKEN rewards.
Distribution Key #
The rewards are distributed according to a predefined key that ensures a fair allocation. This key is akin to a horse betting system where the odds of winning adjust the payout.
Steps in TOKEN Distribution: #
- Tally Votes: The total number of votes for each item is calculated.
- Calculate Proportions: The proportion of votes each item has received is determined relative to the total votes cast.
- Allocate TOKENs: The Hub Balance is consulted, and TOKENs are allocated to items based on the distribution key. Items with higher votes receive a proportionally larger share of the TOKENs.
- Reward Participants: Participants who voted for winning items receive their share of TOKENs directly into their trendhub account. The share each participant receives is proportional to the total votes their chosen item received.
- Notification of Rewards: Users are notified of their winnings through their trendhub account, where they can see a detailed breakdown of their rewards.
- Withdraw or Reinvest: Users can choose to withdraw their TOKENs or reinvest them in other Hubs, continuing the engagement cycle.
Transparency and Fairness #
The distribution process is transparent, with all participants having access to view the final vote tallies and TOKEN allocations. This openness promotes fairness and trust in the system.
Reward for Trendhub #
A predefined percentage of the TOKENs is retained by trendhub as part of the platform’s revenue model, ensuring the sustainability of the service.
Conclusion #
The post-poll TOKEN distribution is a pivotal feature that not only rewards active community participation but also serves as a fundamental aspect of the gamification within trendhub. It encourages users to engage with content thoughtfully, knowing that their interactions have tangible outcomes. This feature underscores trendhub’s commitment to creating an equitable and dynamic platform for user engagement.