➡️Prize Pool
Last updated
Last updated
This page provides a brief overview of the prize pool. For a more detailed analysis of the economic mechanisms, please refer to Economy.
Te pool is at the heart of Ta-da. It is a community pot distributed to users once a week, growing with the activity on the platform. Every time a client's task is validated, tokens are added to the pool. These tokens come from our clients as payment for completed tasks. This means that users can earn TADA as well as various other tokens. Additionally, the prize pool is funded by other revenue sources, including in-app purchases and slashed deposits from users.
New jobs are customers' money distributed to the community, it is one of the most important sources of income into the prize pool. Thanks to our gamification system, a second source comes from in-app purchases. Users are encouraged to buy items to be able to work more and therefore earn more. Lost deposits are also partially reinjected. It means that users' lost tokens thus partially return to users. Finally, we also have the possibility of boosting the price pool thanks to our treasury during special events.
By completing tasks and contributing to the platform’s economy, users earn XP, which is used to rank them. The Prize Pool is composed of $TADA and Gems. Gems are distributed for every user who completed at least 10 tasks. Gems can then be used to buy items in the shop, which will help users rank better in the next Prize Pools! $TADA tokens are shared amongst the best performing users. The portion which will get this part of the rewards is a percentage from the top of the leaderboard. This percentage will be determined before the prizepool launch, and will ensure competition and a strong momentum. To define it, different criterias and indicators are used. It may vary from one prizepool to another. A part of this distribution is based on the famous math theory “Game Theory”, to incentivize the best performing users, and for others, less competitive, to farm gems and go all-in in the next prize pool to rank in the top leaderboard.
