Credit System
Credits serve as a reputation and trust score within the Monadata ecosystem. They are awarded based on consistent contributions, quality of work, and active participation in the platform.
Credit Accumulation:
Consistency: Credits are awarded for regular contributions to the platform, such as daily submissions, annotations, or reviews.
Quality: High-quality work, as recognized by peer reviews or automated checks, results in higher credit scores.
Community Engagement: Active participation in platform activities, such as helping others, providing feedback, or contributing to discussions, can earn additional credits.
Credit Impact:
Higher Earnings: Participants with higher credits receive a multiplier on their $DATA rewards.
Tiered Rewards: Participants are placed in different tiers based on their total credits, unlocking various benefits such as $DATA bonuses, access to exclusive tasks, governance rights, and profit-sharing.
Component
Description
Formula
Base Credit
Credits awarded for completing a task
10 Credits / Tasks
Consistency Bonus
Bonus for regular contributions
Base Credit * 0.1 per consecutive week
Community Engagement
Credits for active participation (e.g., mentoring, feedback, social interactions)
5 Credits / Activities
Penalty Deduction
Credits deducted for poor quality or missed deadlines
Base Credit * Penalty Factor (e.g: 0.2)
Total Credits
Sum of all the above components
Base Credit + Consistency Bonus + Community Engagement - Penalty Deduction
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