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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