This RFC introduces the Community Content Rewards Program, an initiative that aims to attract new active participants in the Reserve ecosystem (RToken deployers, RSR governors and/or RToken holders) by incentivizing content creators to spread the word about the Reserve project (Twitter threads, articles, videos, etc).
Excited to hear the community’s thoughts and suggestions on this proposed program!
Please note that the details of this program are experimental and could be subject to change after future evaluation.
The aim of the Community Content Rewards Program is to reward those that actively spread awareness about the Reserve project, with the intention of attracting the kind of community members that the project benefits from most (active RSR governors, RToken deployers, RToken holders, DeFi brainstorming fanatics, etc).
Each month, anyone will be able to submit a Reserve-related piece of content (Twitter thread, blog post, video, etc) via a Google Form to be eligible for a reward from a 1,000,000 RSR prize pool. At the end of each month, the Reserve core team will choose the most valuable pieces of content, highlight them across various community channels, and reward the winners with RSR tokens from the prize pool.
Awareness for DeFi protocols these days is mostly gained through social media channels such as Crypto Twitter, and we believe a content rewards program like this will incentivize the content creators on those platforms to research and spread the word about Reserve, resulting in a new inflow of contributors that are aligned with Reserve’s goals.
At the end of each month, all submissions from that month will be reviewed by several members of the Reserve core team. The submissions that add the most value to the Reserve ecosystem will receive a reward from a monthly 1,000,000 RSR reward pool (the size of individual rewards will be at the discretion of the core team).
The specific reward each submitter receives can vary month by month, depending on the amount and quality of submissions for that month. That being said, the core team intends to pick at least 5 monthly winners that will win a share of the 1,000,000 RSR reward pool.
The deadline for submitting content via the Google Form will be the 20th of each month. All content submitted between the 20th and the last day of the month will only be eligible for the following month’s rewards.
Each month’s judging period starts on the 20th, and winners will be announced on Twitter (@reserveprotocol) by the last day of the month.
Payments will be disbursed as soon as possible after winners of the monthly rewards have completed the required tax form (see the section below for more information).
In order for the Community Content Rewards Program to work as intended and be in full compliance with regulatory requirements, certain limitations have to be applied. The limitations that would be applicable to the program are as follows:
- A maximum of 1 piece of content per person will be eligible for rewards each month
- RSR price content of any kind will be disqualified
- Low-effort recycling of earlier content (e.g. basic explanations) will be disqualified
- Podcasts/keynotes/community calls where Reserve is the guest will be disqualified
- Winners of any of the monthly rewards will need to complete the required tax form before being able to receive their reward (W-9 for US citizen/resident W-8BEN for non-US person)