We believe that early-stage projects are willing to allocate project tokens to reward new users for learning about them. Being incentivized to learn about the project will also increase the likelihood of new users actually trying the product and converting to active users. A good example is already used in Coinbase for mature projects. We believe early-stage projects could benefit even more because getting community and engagement is crucial for their success.
The Learn2Earn platform on Shine could be offered to our incubated projects so that we can distribute tokens to the wider community, increase the no. of token holders, maximize engagement, and convert them to active users. We imagine this feature being offered to external projects as well for a flat fee of 5% tokens distributed through the platform. (Additional services from contributors could be offered: quiz design, video animation, quiz promotion, etc.)
- User opens the quiz
- User connects their MetaMask
- User gets recourses to learn about the project
- User submits the answers
- User harvests the reward (if the answers are correct)
What are your thoughts? Would you be willing to read, watch videos and answer questions to earn token rewards? Do you think external projects would be willing to use this feature?