The PAID Reputation Lottery

Introducing the PAID Reputation Lottery

In the last few weeks, you may have noticed an additional feature went live in the PAID Network Telegram community — we’re talking about the new reputation mechanic.

If you’ve seen our trusty un-PAID bot say something like “Rhyan increased Kyle reputation to 10 point(s) and rank Rocket Engineer”, then you’ve seen the new reputation system in action. Users are now able to earn reputation points and climb the ranks by contributing to the community in various ways (more on this later).

Until now, we haven’t gone into detail about exactly what the reputation system is, or how it plays into the broader picture for our community. But today’s the day we spill the beans!

In short, the reputation system is a way to recognize the efforts of the PAID Network community, and provide users with an opportunity to win a prize — starting with 1x Galaxy Golden Ticket!

Here’s how it works:

For every reputation point you earn, you’ll gain 1 ticket into a weekly lottery (held each Friday). Whoever wins the lottery will land themselves a Galaxy Golden Ticket into an IDO the following week. To start with, only admins will be able to give out reputation, but once users reach a certain reputation level, they will also gain the ability to assign reputation points too.

Eventually, we hope to democratize access to the reputation system, so that trusted users can dish out reputation to deserved members, helping to further strengthen our already close-knit community.

As for how you can earn rep. Well, there are no set rules. Generally, anything that an admin believes contributes to the community — whether that be helping new users, posting memes/gifs related to Ignition, creating content, or anything else — can be eligible for rep.

Beyond this, we will also have bonus rep rounds for specific activities, like posting to Reddit, sharing tweets, and otherwise engaging with PAID Network — giving you more ways to climb the ranks.

As we touched on, the prize is currently 1x Galaxy Golden Ticket per week, but we plan to grow the range of available prizes as the reputation system becomes more popular.

Note that the reputation lottery is completely separate from the Ignition whitelist lottery. You can only participate in the reputation lottery by gaining reputation points. With that said, you will still need a minimum of 1,000 $PAID to whitelist and participate in the IDO that you win via the Golden Ticket.

Ready to rock? Join the PAID Telegram Community and let’s see all the creative ways you can earn rep!

About PAID

PAID Network seeks to redefine the current business contract, litigation, and settlement processes by providing a simple, attorney-free, and cost-friendly DApp for users and businesses to ensure they #GetPAID wherever they are in the world.

PAID technology leverages Plasm to operate on both Ethereum and Polkadot ecosystems. PAID makes businesses exponentially more efficient by building SMART Agreements through smart contracts in order to execute DeFi transactions and business agreements seamlessly.

PAID streamlines backend legal operations with SMART Agreements, so that projects can focus on making their brand bigger and better.

For any questions for the PAID network, please feel free to reach out to us on:

Website: https://paidnetwork.com/

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