A Novel Framework for Reputation-Based Systems

One idea is to treat the token as reputation, and distribute them using rules one would use for distributing reputation: e.g. if a member did something that helped the organization, give them more tokens, and if someone did a horrible thing then strip away some of their tokens. Ideally, this would result in an organization ruled by those with the m... See more

Reputation tokens on digital platforms typically serve two purposes: * To identify and reward the users who have contributed value to the platform—a form of signaling, which those users can parlay into public reputation. * To provide a form of compensation that enables contributors to liquefy some of the value they have created into an exchangeable... See more

Additionally, there’s a whole class of applications based around the use of reputation to incentivize new forms of creation or contribution. Currently, it is difficult to decipher who is a subject-matter expert and to recognize and reward them. With decentralized identities that track contributions across the internet, we will be better able to gau... See more

Big trend emerging around fans holding tokens to get access to different experiences and that raising network value of token. If the team is holding its own treasury of the tokens and token value is increasing, could team start earning from the treasury? An example is WHALE community where moderators earn tokens. How you distribute tokens, to whom,... See more

So armed with this understanding, how do we design a mechanism in which participants of a network can stake tokens to each other to signal a person’s value to the network? At a high-level, we can think of this behavior as a natural evolution of “following” someone. But now, the action of “following” is no longer binary; it’s a gradient. If you thin... See more