Contribution Point NFT
DAPPs grow with the active contributions of early contributors, and it is very important to transparently manage and reward them accordingly.
Contributors contribute to the growth of the service in various ways, such as promoting the service, finding bugs hidden in various parts of the service, or directly helping to develop the service's features. One of the biggest differences between web2 services and DAPPs is that DAPPs are not created by a specific entity alone, but that anyone can freely contribute and help them grow.
However, the records of these contributions are often not managed transparently. Many services use Google Spreadsheets to record and manage past participants' activities. This opaque contribution management and reward system reduces the incentives for contributors to participate, and may even adversely affect the reliability of the service itself.
To solve this problem, services such as poap.xyz were created on the Ethereum mainnet. Using POAP, the protocol issues proof of contribution through on-chain to contributors who have contributed to the growth of the protocol, and rewards contributors according to the on-chain data. Similarly, contributors can check on-chain data to see if their contributions are being recorded correctly.
The Pangea Swap team designed the Contribution Point NFT to transparently manage the details of the Pangea Swap contributors by referring to the structure of POAP and SBT (Soul Bound Token).
Contribution Point (CP) NFT has the following characteristics.
CP NFTs can be earned by contributing to the growth of Pangea Swap.
CP NFTs can be obtained through various methods such as event participation and community activities.
One wallet can only own one CP NFT, and is non-transferable.
A CP NFT is minted and given at the time of the first contribution by each wallet address, and CP is added to the CP NFT held when additional contributions are made thereafter.
Even if you list it on Opensea, it is not possible to actually sell it.
Through on-chain data, you can transparently check how much CP was obtained through which contribution.
Anyone who does not know Smart Contract can easily check it at the following OpenSea Collection: https://opensea.io/collection/pangeaswap-cp
The CP obtained through contribution can be used to obtain STONE rewards when the Pangea Swap governance token STONE is launched.
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