TCPR Incentives, Transactions & Rewards
All incentives, transactions and rewards are performed in WWIRE (Wrapped Wire).
Free Swap WIRE <> WWIRE available.
Incentives
50M of WIRE tokens are reserved for incentives for the first 1M of registered products (validated applications and updates).
Distribution of incentives in WWIRE:
- 0 to 1,000 registries, applicant winner receives 500 WWIRE (500.000 tokens reserved)
- 1,000 to 10,000 registries, applicant winner receives 100 WWIRE (900.000 tokens reserved)
- 10,000 to 50,000 registries, applicant winner receives 30 WWIRE (1.200.000 tokens reserved)
- 50,000 to 100,000 registries, applicant winner receives 10 WWIRE (500.000 tokens reserved)
- 100,000 to 250,000 registries, applicant winner receives 6 WWIRE (900.000 tokens reserved)
- 250,000 to 500,000 registries, applicant winner receives 2 WWIRE (500.000 tokens reserved)
- 500,000 to 1,000,000 registries, applicant winner receives 1 WWIRE (500.000 tokens reserved)
Transactions
Product Registry Application
- Minimum deposit amount for registration of 10 WWIRE for Contributor
- Minimum deposit of 10x the Minimum deposit amount for registration for Brand
- Deposit amount determines application/update weight
Curatorship
- Minimum deposit in WWIRE of the Minimum deposit amount for registration divided by 10
- Deposit amount determines voting weight
Brand Domain Verification Request
- Cost 10x Minimum deposit amount for registration (goes to Wireshape DAO treasury)
Rewards
Applicants, voters and brands are rewarded when a WWIRE prize pool is formed in their interactions.
Below is a list of cases that may occur and how users will be affected in cases of a product registration application winning or losing.
Case 1: Contributor-made product registration application wins:
- The product is registered
- Deposit from voters against goes to the prize pool
- Contributor applicant receives 100% deposit back + 45% of prize pool
- Contributor applicant receives incentive in tokens (if up to 1M products registered)
- Voters for get 100% deposit back + 45% of prize pool (divided by number of votes for)
- Wireshape DAO Treasure receives 10% of prize pool
Case 2: Contributor-made product registration application loses:
- The product is not registered
- Deposit from voters for goes to the prize pool
- Contributor applicant deposit goes to prize pool
- Contributor applicant does not receive incentive
- Voters against get 100% deposit back + 90% of the prize pool (divided by the number of votes against )
- Wireshape DAO Treasure receives 10% of prize pool
Case 3: Product application made by contributor or brand does not receive votes:
- The product is not registered
- Contributor applicant receives 100% deposit back
Case 4: Brand-made product registration application wins:
- The product is registered
- Deposit from voters against goes to the prize pool
- Brand applicant receives incentive in tokens (if up to 1M products registered)
- Voters for get 100% deposit back + 75% brand applicant deposit + 90% of prize pool (divided by number of votes for)
- Wireshape DAO Treasure receives 10% of prize pool + 25% brand applicant deposit
Case 5: Brand-made product registration application loses:
- The product is not registered
- Deposit from voters for goes to the prize pool
- Brand applicant does not receive incentive
- Voters against get 100% deposit back + 75% brand applicant deposit + 90% of the prize pool (divided by the number of votes against)
- Wireshape DAO Treasure receives 10% of prize pool + 25% brand applicant deposit
Project Monetization
Rewards that revert to the project treasury
- 100% Brand Domain Verification Request
- 10% from prize pools
- 25% brand applicant deposit