With DropDeck, our goal has been to create an incentive ecosystem, based around doing the best possible to help each other and, thus, helping ourselves. Users whose interests aren’t similarly aligned aren’t punished, but their lack of incentive will mean that they simply loses attachment to the system as a whole.
But how does it work?
Today, we’ll be taking a closer look at the DDD token as a reward, voting, and the benefit ideology that drives DropDeck as a platform.
Ready to learn a little bit about what’s behind the curtain?
Let’s get started!
The Process
Our methodology for creating and laying out the plan for our ecosystem was simple.
We simply identified the people using our system as potential benefactors, and asked ourselves two questions: who can support them, and what do they need?
Once you have the who and the what of it all, making the leap to the how is easy.
We identified the need for data and physical operations in order to best service our clients’ needs, and we sought those out. Design followed suite, and as the platform grew around these principals, we were able to link inputs and outputs to each other as well.
Users became incentivized to invest their time and their money in each other, and support staff like evaluators and hunters became incentivized to provide the best possible service.
And how, exactly, did we incentivize all these people to behave so altruistically?
Through the DDD token, of course.
How We Use DDD As a Reward
With the advent of cryptocurrency, a lot of companies have had to ask themselves “What does being aligned with my business mean?” This makes sense – as customers purchase and use tokens associated with specific platforms, they invest further and further into the functionality of that platform, needing it, more and more, to be better.
With DropDeck’s DDD tokens, we understood this need, and went the extra mile towards making our currency worth the investment.
And it makes sense that we would. Tokens are a way of creating a network for clients to work within – a money chain that links them all together with services.
The more services a client can receive, the more they’ll want.
The better the quality of their user experience with the platform, the more chance of them bringing in other clients and recommending the system outside of their circle.
As clients use the DDD token more and more, their intrinsic user experience will promote the token’s growth as a result of them getting what they want. They have a need for services. We have a need for growth. These needs are synergistic.
DDD beats out fiat currency, hands down, being both extremely liquid, and a valuable resource for instantly reflecting the user’s contribution to our internal ecosystem. But it’s more than that – DDD tokens allow users to participate in voting, which we will get to in just a moment.
It also wins out against other cryptocurrencies, designed to perform similar tasks.
Backed by the powerful Ethereum blockchain, this is a currency with a strong foundation and a lot of reach. To complement that, it also features DApps, built in, making it extremely versatile for the people using it.
Voting: A Better Way to Verify
Voting is one of the central functions of the DropDeck system, putting groups of randomly chosen people in the driver’s seat of various processes associated with the platform. These cover a range of scenarios:
- Verifying ownership of a company by the alleged founders, as according to their profile
- By association, verifying any evidence of funding
- Verifying the installment conditions of a payment plan, before the plan begins
- Taking a closer look at repayment amounts from contributes for verification
- Approving changes to the funding deadline made by the deck’s founders (this can be an extremely delicate process, depending on the contributees and what promises have been made)
- Approving user reports
- Voting for or against new features
- Voting to remove Hunters, for any specified reason
But how does it work?
In order perform random selections to create a voting pool, the smart contract uses a function to label random users, designated by DropDeck for possible selection. Each user’s address, and block number is listed and included in their selection.
The smart contract then uses these marked selections to extract a number, chosen at random, from 0 to 1. The random number, in turn, is then scaled down or up by the number of possible voters in the pool, before, finally, the random number are compared to the user’s DDD share.
If the randomly-created number is less than their DDD share, then the user is chosen as a voter.
This is our way of using random numbers to create an objective voting pool, while still giving the pools a certain amount of weight, so that decisions can be made fairly.
DDD: Decentralized, Autonomous Incentives
And there you have it.
DDD tokens – a better way to incentivize, and the focal point around which our voting system moves,
If you’re interested in learning more about the DDD system, feel free to get in touch with us, ad we’d be happy to discuss it further with you.