Summary #
The reward distribution mechanism on trendhub is a fundamental feature designed to incentivize community engagement. This section provides a comprehensive guide on how the rewards are allocated to users based on their participation in a Hub.
Understanding the Reward System #
trendhub’s reward system is akin to a betting system where the placement of likes or votes by users on different items within a Hub impacts the distribution of rewards. Here’s how it works:
- Allocation of Tokens: Users vote for an item by allocating tokens from their account to the item of their choice within a Hub. This process is the equivalent of placing a bet on a particular outcome.
- Hub Balance Contribution: When a user votes, the tokens are transferred to the Hub’s account, contributing to the overall Hub Balance.
- Conclusion of the Hub: At the end of the Hub’s active period, the total accumulated Hub Balance is distributed among the winning items — those that garnered more than 50% of the total votes.
- Fair Distribution Key: The distribution of rewards is conducted according to a pre-defined fair distribution key. This ensures an equitable allocation of rewards to the participants based on the votes each item received.
Detailed Distribution Process #
- Winning Threshold: An item must receive more than 50% of the total votes to be considered a winning item.
- Equitable Share: Rewards are split equitably among the users who voted for the winning items. The more votes an item has, the larger the share of the Hub Balance it represents.
- Reward Calculation: The reward for each winning item is calculated as a percentage of the total Hub Balance, proportional to the number of tokens it received from the voting process.
- User Rewards: Individual users receive a portion of the item’s total reward based on the number of tokens they had placed on the winning item.
- Transparency: After the Hub concludes, a detailed breakdown of the votes and the corresponding rewards distribution is provided. This transparency ensures trust and continuous engagement from the community.
- Reward Claiming: Users can claim their rewards, which may be in the form of tokens, monetary compensation, or physical and digital gifts, depending on the Hub’s setup.
- Next Hub Link: Some Hubs offer the added incentive of a link to the next Hub, granting exclusive access or advantages in future participation.
Best Practices for Hub Creators #
- Clear Communication: Clearly communicate the rules and distribution mechanism to all participants to ensure understanding and fairness.
- Balance Loading: Consider loading the Hub Balance with an attractive sum to incentivize participation and engagement.
- Engagement Encouragement: Encourage participants to engage with the content and vote by highlighting the potential rewards.
- Feedback Incorporation: Use participant feedback to refine the reward distribution mechanism, ensuring it remains fair and appealing to the community.
By following these guidelines, trendhub creators can effectively manage the reward distribution mechanism, fostering a vibrant community and rewarding engagement in a fair and transparent manner.