[HGP-32] Community Incentives 2023

Summary

A new proposal to allocate 2,000,000 HBOT tokens to fund the Community Incentives for community members to help one another in answering questions, and to encourage sharing of knowledge, skills, & experiences.

Incentives to Answer Questions & Resolve Issues

This proposal builds upon the previously approved HGP-27, which was implemented as a 7-week trial. We are pleased with the level of engagement and support shown by community members during the trial period. It is encouraging to see the dedication and commitment demonstrated by some members.

We believed that encouraging community members to assist one another would increase community engagement and encourage more members to openly share their knowledge, skills, and experiences.

The Foundation Team, on the other hand, can concentrate on other priorities such as documentation, improving processes and governance activities, sharing blog posts, codebase improvements, providing mini-lessons, and hosting Hummingbot botcamps.

HGP-27 Snapshot Proposal Link: https://snapshot.org/#/hbot-ip.eth/proposal/0x588779179d0229db7de2de9e231f3baafb1fcdbde16bcc93bf34b65280e36a1a

Participation Rules

1. Each participant will need to register by submitting a completed AML Policy Form.
2. Participants will gain points by answering queries, & resolving issues of other members.
3. Point System: a. 1 point for simple answer with short explanation b. 2 points for answer with link to documentation & with short explanation c. 3 points for answer with expanded, useful discussion
4. The weekly reward pool will be distributed proportionally to the participants’ points. a. Each participant can gain up to 15% of weekly reward pool.
5. The Foundation Team will give the points to each participants. a. Time delay & by batches in giving points. b. Not every answer will be given points. c. Point can be given to timely and/or well-explained answer. d. Give warning for suspicious activities, & can disqualify participants for abuse.

Reward Distribution

HBOT rewards will be sent by the Hummingbot Foundation Team to the registered ETH wallet address provided by participants via the AML Policy Form. The rewards will be distributed weekly from Friday to Tuesday after each weekly cycle.

Budget Allocation

Total Allocation of 2,000,000 HBOT to reward the community members who officially registered, and have helped answer questions and resolved issues of fellow community members.

The HBOT rewards will be distributed on a weekly cycle from 31 January 2023 to 31 January 2024. So, there will be 80,000 HBOT on weekly reward pool to be distributed over 12 months.