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  1. TOKENOMICS

Activity Rewards (Under Development)

PreviousDistribution & VestingNextStaker Benefits

Last updated 1 year ago

For each epoch (4 weeks), there will be a pool alloted for rewards, R, to be split between all Curators, Collectors and Creators. Each indibidual in the pool will receive an individual attention score, w, that will be used to determine the reward, r, for a specific individual. The individual score is determined by the formula w=f1α×f21−αw = f^α_1 \times f_2^{1-\alpha}w=f1α​×f21−α​ where f1f_1f1​ is a quantifiable good behaviour factor and f2f_2f2​ is the second good behaviour factor for this individual category over that period.

Alpha (α) is a constant that allows increased or decreased weighting on either on either f1f_1f1​ or f2f_2f2​ and this is demonstrated through the "Rewards of f1f_1f1​ and f2f_2f2​" plots at the end of this section. Changing α\alphaα over a period of time allows TokenTraxx to manage the goals of the platform through the incentive mechanism for users.

For example, let's say in the beginnning of protocol, we want to focus on "Democratisation over revenue generation".

Using the f1f_1f1​ and f2f_2f2​ for Creators in the table below, we can initially set α=0.9\alpha = 0.9α=0.9 to reward Creators to increase "# of listeners/epoch" when they launch a campaign. We can then gradually decrease α\alphaα to 0.1 in the future epochs, which will then reward Creators who have generated the highest revenue for the protocol, thus incentivising the highest monetary value generator Creators with the best music.

Individual Score Formula

w=f1α×f21−αw = f^α_1 \times f_2^{1-\alpha}w=f1α​×f21−α​

Individual Reward Formula

r=R×w∑nkwn,n=1,2...kr = R \times \cfrac{w}{{\displaystyle\sum_{n}^k}w_n} , n = 1,2... kr=R×n∑k​wn​w​,n=1,2...k

Variable
Definition

Individual Score

Good Behaviour Factor #1

Good Behaviour Factor #2

Reward for individual

R

Total reward pool for epoch

Sum of scores for everyone within a specific category (Creator/Curator/Collector)

Examples of Good Behaviour Factors

Creators
Curators
Collectors

High # of listeners/epoch

High # of curated playlists

High Avg. Listens/Day

Revenue generated for the protocol

High total subscribed collectors

High Token spend on artist

Constant, determines weighting of vs Initial Value = 0.9, see reward plots

Rewards of f1f_1f1​ and f2f_2f2​ for α=0.9,0.5∗,0.1∗\alpha=0.9,0.5^*,0.1^*α=0.9,0.5∗,0.1∗ *other values of α\alphaα shown to display weight effect of f1f_1f1​ vs f2f_2f2​

⚙️
www
f1f_1f1​
f2f_2f2​
α\alphaα
f1f_1f1​
f2f_2f2​
↓α⇒↑f2↓f1\downarrow\alpha\rArr \uparrow f_2 \downarrow f_1↓α⇒↑f2​↓f1​
↑α⇒↓f2↑f1\uparrow\alpha\rArr\downarrow f_2 \uparrow f_1 ↑α⇒↓f2​↑f1​
rrr
∑nkwn{{\displaystyle\sum_{n}^k}w_n}n∑k​wn​
f1f_1f1​
f2f_2f2​