Proof of Contribution System

Proof of Contribution System in Monadata combines a robust token reward mechanism with a tiered credit system to ensure that all participants are fairly rewarded for their contributions. By incentivizing high-quality work and long-term engagement, this system fosters a thriving, collaborative environment where participants are motivated to consistently contribute to the platform’s success.

Proof of Contribution System Workflow

• Task Completion: Participants complete their assigned tasks (data submission, annotation and review)

• Quality Assessment: Work is evaluated for quality, either by peers or automated systems

• Credit Update: Based on performance, participants’ credit scores are updated

• Tier Placement: Participants are placed in a tier based on their accumulated credits

• $DATA Distribution: $DATA is distributed based on the base contribution, quality bonus, credit multiplier, and tier bonus

• Ongoing Participation: Participants continue to contribute, earning more credits and $DATA, which reinforce their standing within the platform

Transparency and Accountability

• Transparency: All contributions, quality assessments, and credit scores are recorded on blockchain, ensuring accountability.

• Smart Contracts: $DATA distribution and credit updates are governed by smart contracts, ensuring fairness and automation.

Incentivizing Long Term Engagement:

• Tiered Rewards: Participants are motivated to climb the tiers for better rewards, ensuring long-term engagement and consistent high-quality contributions.

• Stakeholder Participation: High-credit participants can become stakeholders in the platform, earning dividends or governance tokens.