weRate
  • Welcome to weRate
    • weRate Mission
    • Introducing weRate
  • The Broken Review Economy
    • Rapidly growing industry
    • Fake reviews
    • Review bias
    • No engagement. No Value
    • Terrible search experience
    • Undervalued & massive opportunity
  • Authentic reviews
    • The opportunity
    • Proof-of-Authenticity system
    • Storing Proof-of-Review onchain
    • Benefits for users
    • Benefits for businesses
  • Using the application
    • Getting started
    • Checking in
    • Giving a review
    • The map
    • Unrivaled search
    • Crypto events
  • Bohemians
    • Rarity Tiers
    • Attribute Point Allocation
    • Bohemian Attributes
    • Levelling Up
    • Bohemian Properties
    • Bohemian Specialities
    • Owning Several Bohemians
  • GameFi and SocialFi
    • Earnings & Rewards
    • Leaderboards
    • Bonus Points Multipliers
    • Ratings
    • Energy
    • Wisdom
    • Marketplace
    • Upvoting and ⚠️ Reporting
    • A community owned review platform
  • Tokenomics
    • $RATE
    • Reward Pool
    • Token distribution
    • Token release schedule
    • Ecosystem value flow
  • Revenue model
    • User-Generated Revenue
    • Business-Generated Revenue
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  1. Tokenomics

Reward Pool

Previous$RATENextToken distribution

Last updated 3 months ago

At the Token Generation Event (TGE), 30% of all tokens (300,000,000 $RATE) are allocated to the Reward Pool. The majority of the platform’s revenue is designed to flow back into this pool, ensuring a sustainable and continuously replenished rewards system.

Reward Allocation

At the end of every month, 2.5% of the total reward pool will be allocated to next months public rewards. The reward allocation from the monthly reward pool is distributed across three timeframes—weekly, monthly, and quarterly—to ensure a balanced and engaging reward system:

  • Weekly Rewards (20%)

    • Only the general leaderboard is rewarded during the weekly period.

    • On average, 4.62% of the monthly pool is distributed per week.

  • Monthly Rewards (60%)

    • Rewards are split across multiple leaderboard categories to promote diversity:

      • General leaderboard: 35%

      • Rarity leaderboard: 5%

      • Category leaderboard: 15%

      • Country leaderboard: 5%

  • Quarterly Rewards (20%)

    • Rewards are accrued over three months and distributed as follows:

      • Rarity leaderboard: 5%

      • Category leaderboard: 10%

      • Country leaderboard: 5%

Important. The 2.5% allocation is calculated based on a pool of 50,000 Bohemian users. The monthly allocation will follow a linear distribution, starting at 0.1% and increasing with the user base until it reaches the desired allocation velocity of 2.5%.

Adjustments can be made in consensus with the Foundation.

A "Bohemian user" is defined as user that owns at least a Common or rarer Bohemian NFT. Users that use Basic Bohemians will not be eligible for the $RATE Reward Pool.

leaderboard