This post will outline some reasons for allocating based on community engagement in Discord Discourse (this forum) & Github via sourcecred.
I will continue to add some stuff here over coming days to make this into a proper complete proposal…
NDX Token Distribution
NDX is the governance token for Indexed. The initial supply of 10,000,000 NDX will be distributed as follows:
- 20% will go to the founders, investors and future team members, subject to vesting periods.
- 5% will be used to reward keepers who update the Uniswap oracle and trigger periodic updates on the pool controller.
*** 25% will be available for liquidity mining beginning in late December 2020.**
- 20% will be distributed to DeFi users after January 22, 2021.
- 30% will be made available to the NDX treasury over the course of 9 months, beginning March 1, 2021.
So we would have 20% of x NDX available - with potentially more that can be minted every 90 days (subject to vote etc).
sourcecred ( https://sourcecred.io/ ) is a tool for communities to measure and reward value creation.
It us currently used by the likes of MakerDAO & MetaGame.
You end up with something like this: GitHub - Adept-Camp/cred: See whats up with Adept Camps cred that can be used to split rewards prorata as well as for everyone to check to make sure there is no gaming or as a starting point to show what you have done.
We could create a plan to use x% of the 20% as a way to encourage contributions on the 3 platforms mentioned according to some guidlines. There are several communites already using this system so we would save time on creating a way to organise the community to allow recognition of contributions in a permission-less and verifiably fair manner.
Some things that can be incentivised in this way are:
Informal / community audits
Being helpful and answering questions in discord
Creating tutorials, shilling videos, etc
Index suggestions and discussion, design, strategy (this is really important! A higher % of total “cred” could be allocated here!)
Bridgebuilding - integrations legwork etc
Mechanism design feedback