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  • Overview
  • Features
  • Setting up Cura
  • Simplify Channel Management
    • Approve Membership Requests
    • Auto-invite and Auto-approve
    • Discover New Users
  • Reward Quality Contributions
    • Channel Leaderboards
    • Distribute Rewards According to Channel Leaderboard
  • Channel Wallet and Tokens
    • Unlocking a Channel Economy
    • Earning and Claiming Tokens
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  • How does the Ownership and Economics Work
  • Channel Wallet
  • Reward Pool: reputation based rewards using OpenRank
  • Channel Member Earnings and Ownership
  • Channel Tokens
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  1. Channel Wallet and Tokens

Unlocking a Channel Economy

PreviousChannel Wallet and TokensNextEarning and Claiming Tokens

Last updated 2 months ago

How does the Ownership and Economics Work

Economics

  • Fixed supply for each channel token (1 billion tokens)

  • Tokens are allocated between channel rewards pool and launch liquidity (moderator decides)

  • Channel rewards pool allows X% initial airdrop to users based on retroactive contribution, and rest of the tokens in the channel rewards pool are earned by users weekly based on channel leaderboard over a timeline chosen by the moderator (eg: 24 months)

  • The Launch liquidity tokens are deployed to a single-sided Uniswap v3 pool with 1% fee tier, enabling immediate trading.

  • The Channel wallet earns 95% of the swap fees from the uniswap v3 pool, 5% goes to Cura.

Here is an example of the parameters for /cryptosapiens channel

Channel Wallet

Cura automatically deploys a channel smart contract wallet which:

  • Requests Cura to deploy the channel token

  • Collects and redistributes swap fees from Uniswap

  • Holds the Reward Pool and facilitates weekly rewards distribution to channel members based on Leaderboard.

Reward Pool: reputation based rewards using OpenRank

  • Tokens are distributed using channel-specific OpenRank scores, rewarding quality engagement over spam/farming.

  • OpenRank scores are updated daily based on casts and engagement.

Channel Member Earnings and Ownership

Cura allows channel members to earn tokens based on positive contribution. For the community rewards tokens, moderator can automate the following distribution:

  • Initial Airdrop: X% of the community earnings pool is distributed as an initial airdrop to channel members based on their contributions over the past 60 days.

  • Daily Rewards: X% of the community earnings pool is used for daily rewards distribution. Tokens are earned by channel members based on daily engagement and reputation metrics calculated using OpenRank. Moderators can choose the daily distribution over 0-72 months timeline.

  • Cura charges a 2% fees on token distribution.

Channel Tokens

Channels and Moderators have control over driving usage or utility of the channel tokens, for example:

  • Hold channel tokens to become a member

  • Purchase Channel membership by paying tokens to channel wallet

  • Pay channel tokens to Pin Casts for 24 hours, use Openrank scores as reputation criteria

  • Mint premium or limited edition NFTs through Channel tokens

  • Burning tokens to enable anonymous posts

  • Create Surveys on Ponder using Channel tokens