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The Monetization of Reddit Karma and Why it is a Massive Deal : ethereum

by Crypto Heard
September 7, 2022
in Ethereum
Reading Time: 2 mins read
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If you need it to work, it’s good to present that token as a solution to mannequin an really scarce useful resource.

And right here, the scarce useful resource you would mannequin is about put up place in a put up ordering record. As such, once you put up, you may both do it freely and be final in that record or spend tokens to return increased. Then, you will be given tokens by individuals relying on the relevance of your put up. As such, you may pay for the commercial of being first within the record, to make sure extra individuals view your put up, since you consider a lot of individuals will discover it helpful sufficient to inform it as related and provides tokens to you.

However by posting wherever besides on the final place, you push some individuals away from the place they have been. So, you would deal with that by really staking tokens somewhat than spending them. After which, staked tokens are often spent relying on how excessive the put up is within the record. Till it is spent an excessive amount of and turns into less expensive to outcompete them with one other put up.

That is the spending a part of the tokenomics, revolving round a scarce useful resource.

Then, you may mannequin the issuance half. Effectively, the issuance could possibly be carried out by one other token or the identical token being staked to generate extra tokens or something to supply extra tokens over time to individuals offering a service. Now as to what service to supply, that may be a good query. Ideally, nothing tied to Karma, because of its very straightforward manipulation. Simply being a Reddit viewer, as some type of shopper? Greater than that? It is the half I am scuffling with.

Curiously sufficient, this at the very least means it may be both dealt with by Reddit or any entrance finish parsing Reddit posts and exhibiting them in any order. So, technically, being a viewer commercials (if there’s nothing else that may be carried out to monetize it) is a service offered to the entrance finish and that might guarantee there is a service and there are tokens customers might earn, on the very least.



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