Incentive to contribution
The PLEXUS protocol is constantly searching for ways to create a motivational environment where protocol contributors can work at their optimal levels to complete missions. PLEXUS protocol provide protocol contributors both monetary and non-monetary incentives.
Monetary Incentive
PLEXUS rewards protocol contributors PLX tokens.
Mission Rewards Each mission has different difficulty/complexity thus, different allotted PLX rewards. A protocol contributor will be rewarded PLX tokens and points on each mission he/she completes.
Points & Level Rewards(Monthly Rewards) PLEXUS protocol has a points & level system. When a protocol contributor completes a mission, he/she gets contribution points as well as the PLX token rewards. As the protocol contributors complete more missions and get more points, their contribution level goes up which will decide how much PLX rewards they get each month.
| Level | Contribution Points | PLX Reward |
|---|---|---|
Level 1 | 1~2999 | $50 |
Level 2 | 3000~6999 | $150 |
Level 3 | 7000~13999 | $500 |
Level 4 | 14000~27999 | $1,200 |
Level 5 | 28000~59999 | $3,000 |
Level 6 | 60000~149999 | $9,000 |
Level 7 | 150000 | $20,000 |
*Points depreciate over time so workers should keep contributing to the protocol to maintain or increase their points.
Non-monetary Incentive
1. Governance Power Incentive
Depending on the level, protocol contributors gets incentive in weight for the Governance PLX (gPLX), which allows them to influence more in protocol decision making.
For documentation on gPLX, please see : PLX Staking / gPLX
| Level | Weight | gPLX |
|---|---|---|
Level 1 | 1.1 | 1 PLX = 1.1 gPLX |
Level 2 | 1.2 | 1 PLX = 1.2 gPLX |
Level 3 | 1.3 | 1 PLX = 1.3 gPLX |
Level 4 | 1.4 | 1 PLX = 1.4 gPLX |
Level 5 | 1.5 | 1 PLX = 1.5 gPLX |
Level 6 | 1.7 | 1 PLX = 1.7 gPLX |
Level 7 | 2 | 1 PLX = 2 gPLX |
2. PLEXUS SBT(Soulbound Token)
The PLEXUS protocol issues SBTs to certify
one's contribution of their labor, work or knowledge to the protocol(Proof of Contribution)
one's attendance in PLEXUS events either virtual or in-person(Proof of Attendance)
1. POC(Proof of Contribution) SBT
The PLEXUS protocol issues POC(Proof of Contribution) SBT that certifies one's contribution to the protocol. Different SBTs will be issued for each missions.
POC SBT Issuance Process:
PLEXUS gives out list of missions
People who would like to complete the missions should write applications.
PLEXUS team reviews the applications and decides who will complete the mission
Notify the designated workers and the workers should complete the mission in a timeframe
PLEXUS team will review when the work is done.
PLEXUS protocol issues SBTs and contribution points to certify contribution.
The missions given by PLEXUS will be related to the followings.
Developer
Find solutions to security threats, viruses, or errors that might hinder the performance of applications.
Carry out regular security and performance checks
Remain current on technology trends to keep our software as innovative as possible
Stay on track of the application lifecycle to ensure necessary updates are completed on time
Marketer
monitor market trends
create advertising campaigns
develop targeting strategies
develop more awareness of what PLEXUS offers
promote brands, products and services to maximize profits of the protocol
Designer
aware of the industry trends to keep ahead of competitors.
Produce excellent visual work.
Apply updates to designs based on stakeholder feedback and opinion.
Examine final designs to ensure there are no errors before publishing.
Community Moderator
Profile check - reviews users for compliance with PLEXUS community rules.
Detection - Identify users who violates PLEXUS community rules.
Community Environment - maintain an environment where community members share and exchange ideas, questions, and concerns and contribute resources.
Planner
create a broad vision for the community.
research and find a way to develop protocol.
manage and educate the governance members
POA(Proof of Attendance) SBT
The PLEXUS protocol issues a POA SBT that certifies one's attendance in PLEXUS events either virtual or in-person. Different SBTs will be issued for each events.
POA SBT Issuance Process:
PLEXUS event is announced.
People participate in the events either virtual or in-person.
Prove/verify the attendance as instructed.
PLEXUS protocol issues SBTs and contribution points to certify attendance.
The PLEXUS events examples:
Public sale
First trading
Wait list
Events attendance
more will be added later
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