🏅Post Rewards

Overview

Post rewards are designed to incentivize user engagement and content creation on our platform. The reward amount is calculated daily based on transaction fees, and distributed to posts that receive the most upvotes from other users. Here's how it works:

Reward Calculation

1. Daily Calculation:

   • Each day, the total reward amount is calculated based on the transaction fees incurred from buy/sell transactions.

   • Every buy/sell transaction on the platform incurs a 7% tax fee.

2. Fee Distribution:

   • 50% of the total transaction fees collected each day is allocated to community post rewards.

   • For example, if the total transaction fees collected on a particular day is $10,000, then $5,000 (50% of $10,000) will be distributed as community post rewards.

Reward Distribution

1. Post Creation Date:

   • The total community reward for a day is distributed to posts created on that same day.

   • For instance, if $5,000 is available for rewards on July 4th, it will be distributed among the posts created on July 4th.

2. Based on Points:

   • Rewards are distributed based on the number of points a post receives from other users.

   • Posts with more points will receive a higher share of the total rewards for that day.

   • Example: If three posts are created on July 4th with 10, 20, and 70 points respectively, the rewards might be distributed as follows:

     • Post 1: 10% of $5,000 = $500

     • Post 2: 20% of $5,000 = $1,000

     • Post 3: 70% of $5,000 = $3,500

3. Distribution Timing:

   • Rewards are distributed after a 7-day period. This allows enough time for posts to accumulate upvotes and for the platform to process the reward allocation.

   • For example, rewards for posts created on July 4th will be distributed on July 12th.

   • You will receive a notification after the rewards are distributed, and you can view the list of your rewards on the Profile Rewards page.