Reputation and reward system
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Every user’s Reputation Score starts at a value of 1.0x
Reputation can be as low as 0.1x and as high as 3.0x
Rewards are given to those who have voted in the majority.
Rewards consist of Reputation, BMIs, and USDTs
Voters voting in the minority suffer Reputation loss.
Voting in the extreme minority - 10%, will result in stkBMI penalty
Voters can vote on different claims with different stkBMI amounts (by increasing their total staked stkBMI amount).
Rewards are distributed based on the number of stkBMI used by the user in specific claims and their Reputation Score (Voting power).
Rewards, penalties, and reputation are calculated for each claim separately and are based on the stkBMI amount used at the moment of voting.
Voter_x - Voter for which the current calculation is done​ Rep_x - Voter_x reputation before the calculation Rep_x_n - Voter_x reputation after the calculation V_MIN% - % of voters voting in the minority V_MAJ% - % of voters voting in the majority
If the user has voted in the majority:
If the user has voted in the minority:
Voter_x - Voter for which the current calculation is done​ Share_x - % of the Voter_x participation in the rewards distribution Voting Power (VP) = Reputation Score * stkBMI of the Voter_x that has been used in voting