💰Reward Mechanisms

Introduction to the Bitmon Points System

The Bitmon platform incentivizes active user participation and content curation through a structured points system. This system is crafted to reward contributions and interactions within the community, aligning incentives with the overall quality and engagement of content.

Base Points Allocation

Submissions:

• Regular Submissions: Users earn 10 points for each AI-approved submission, with no daily limit on the number of submissions. However, to maintain content quality and deter spam and bots, a fee is required for each submission. This fee structure ensures fairness and encourages thoughtful, high-quality contributions to the platform.

Voting:

• Content Voting: Users earn 1 point for each successful vote on content. To encourage active and thoughtful participation, users are allowed to vote on an unlimited number of pieces of content, with no daily limit on votes.

Multiplier Impact Based on Feedback

Daily Leaderboard Rankings:

• Top 500 ranked: Users ranked in the top 500 on the daily leaderboard receive an additional 50 points.

• Top 300 ranked: Users ranked in the top 300 earn an additional 100 points.

• Top 100 ranked: Users ranked in the top 100 receive an additional 200 points.

Daily Reward Pool Distribution

Daily Rewards:

• Instead of seasonal rewards, Bitmon distributes a daily reward pool.

• Total Daily Pool: #BITS 5000 are available each day, fostering daily competition and participation.

• Dynamic Allocation: From the daily pool, 3000 #BITS are distributed based on the daily points leaderboard. This allocation varies daily, reflecting the day’s engagement and contribution levels, and rewards the top participants.

Special Rewards for Selected News Submissions

Selected News Submissions:

• For submissions that stand out as particularly noteworthy, a total of 2000 #BITS is distributed among the top 20 submissions. This reward structure recognizes and incentivizes the highest quality contributions, ensuring fair distribution among those who have significantly enhanced the platform's content value.