Decentralized Peer Review Incentives and Bounties System
Introduction
Tgether has pioneered the first-ever free-market-driven decentralized peer review system, allowing communities to incentivize high-quality content reviews and active participation. This groundbreaking model enables the creation of dynamic bounties and incentive structures for reviewing posts, ensuring a fair and transparent review process, while also allowing participants to be compensated for their efforts in accordance with community-defined rules.
How it Works
Incentive Structures
The Tgether Incentives Contract offers two primary incentive structures for peer reviews, allowing communities to choose how rewards are distributed among their members:
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Equal Incentives: Every reviewer, regardless of their consensus position (whether they agreed with the majority or not), receives an equal reward.
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Consensus-Aligned Incentives: Only those reviewers whose opinions align with the majority consensus receive the reward.
Communities can choose between these structures when setting up their peer review parameters.
Note only reviews that contribute to final consensus will recieve payouts. It is up to a communites to set their consensus parameters for their members to avoid spam or missuse
Community Customization
Each community can define its own incentive structure through the contract, by setting parameters such as:
- Community Fee: The portion of the total bounty to be allocated to the community.
- Contract Receive Address: The address where community fees will be sent.
These parameters are set during the initial setup by the community owner or through a proposal.
The Incentive Proposal Process
Bounties
Once Incentive Parameters are set Anyone can create a bounty on post submission to a community. When a post is process and a consensus has been found we can then use Chainlink Log Automation to become notified, total all bounties and split them amongst deserving parties. If not enough reviews were submitted to a post submission bounties are refunded to their creators.