Week in a Nutshell & Smart Contract
This week we brought on board one new startup, Oporty, a decentralized, self-regulated knowledge-sharing community platform and service marketplace with an Escrow system and blockchain-powered contracts. We also completed a referral system that will be imbedded for users to refer friends to sign up, in return to earn bonus Yupies that will support and increase our user growth. This will be pushed on CH soon as we are testing it on our test server first.
Blockchain Hub Event
Yesterday, we had a successful blockchain meet up organized by us and ITT out of our work space, Blockchain Hub. We had 50+ international people join the event with interesting presentations regarding different startups within the scene and including a workshop on how to be responsible with using and holding crypto. At CH it is important we give back to the community by educating and promoting blockchain and crypto. It’s important to promote locally in Prague and encourage the local community to support our projects. We will be having monthly meet ups to share what we’ve learned throughout this year. If you are ever in Prague, come join us. Keep up to date with our upcoming events by liking our Facebook page. Soon we will be sharing the recorded video from the event on our Youtube channel.
Smart Contract Distribution
We apologize for the delay regarding the timeframe of the Smart Contract, but it’s important we make sure the Smart contract is secure thus the auditing process should not be rushed. Right now we are presenting you with the distribution amounts that will be sent once the distribution will be initiated. For more info about the process you can read from our previous article here.
As you see from the chart. We are showing you an example of two investors that put in the same amount, 10 ETH. One in Pre-ICO and the other in ICO at specific dates to represent time bonus. Both include amount bonus of 10%. With a total supply of 445 million and the crowdsale representing 200,250,000 Yupies (45%), the multiplier for your new Yupies (including bonuses) from the Old Yupie’s amount is 49.65.
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The way you earn rewards has changed!
The task has changed to a new rewarding structure. Please read the following rules:
Voters get 35% of the reward
Commenters still receive the majority of 65% of the reward weight, while voters 35%.
You receive only 12 upvotes and must vote what you think are the best answers
You now have a limited amount of upvotes. You won’t see the other user votes until the task expires. If you vote the top half comments you will receive a portion of the 35%.
Top 50% upvoted comments get bigger share
Our algorithm gives top 50% upvoted comments more rewards than the bottom 50% comments.
Give me an example with numbers
Upvoters get 35 % of the reward.
65 % goes to the commentors.
Half of the reward is gained from bottom 1/2.
Upvoters get nothing
1/2 of the reward pool for this segmentis distributed among top 1/2
There is a task with 1000 Reward.
Let’s assume Top 1/2 recevies 70% of all upvotes.
Bottom gets 30 %. But because half of the reward goes to Top 1/2 that makes the final numbers more like Top 1/2 gets 85% (55.25% for commentors, 29,75% for upvoters) and bottom gets 15 % of the final reward.
If there’s 100 upvotes:
1 upvote that upvotes a comment in Top is worth around 12 Yups (circa 8 goes to commentor, 4 goes to upvoter)
1 upvote that upvotes a comment in Bottom is worth 5 (All goes to commentor).
Reminder about our Moderation
If you upvote a comment that’s reported as Spam or comment that should not be rewarded (eg. “Good job” comments) you will lose your right to be rewarded for this task.
We hope you like this new system and it brings you lots of fruitful discussions and reward you fairly.
Do you still have questions? Read more detailed explanation at our helpdesk
All the best,
Your Crowdholding Team