🎳Criteria
Criteria: Upholding Trustworthiness in Social Mining DAOs through Token Management
1. Introduction:
Cryptocurrency incentives can be compelling for project members, but they come with responsibilities linked to the member's trustworthiness in the community.
2. Token Management and Trust:
Holding Onto Tokens: Maintaining tokens in the wallet, especially during a project's early phases, is paramount. Premature selling can dent a member's trust score.
Encouragement to Hold: Maximizing benefits is achieved by retaining rewarded tokens for extended periods.
3. System Features:
Wallet Review: The system monitors the wallets of rewarded individuals, ensuring adherence to token retention guidelines.
Trust Score and Token Retention: Holding onto assets boosts a member's trust score. The longer the retention, the higher the trustworthiness, and potential profit.
4. Benefits of Elevated Trust Score:
Voting Influence: A higher trust score offers greater voting power within the DAO.
Enhanced Allowances: Trustworthy members enjoy increased rewards and benefits.
5. Potential Concerns:
Score Manipulation: Some might focus only on activities to boost scores without genuine contributions.
Power Concentration: High trust scores lead to more power in the voting mechanism in our DAO to avoid the risk of centralized decision-making.
Trust scores and associated criteria form the backbone of social mining DAOs, instilling a sense of trust, transparency, and responsibility. While they incentivize members to participate genuinely, caution is advised to ensure balanced influence and avoid pitfalls that may arise from an overly simplistic reliance on trust scores. Retaining awarded assets and genuine participation ensures both personal benefits and a robust community built on shared values and goals.
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