This article was first published on OntologyNetwork - Medium
Dear community members,
In December 2018, we launched the Ontology dApp developer incentive schemes. In January, the OEP-39 proposal submitted by the community was approved, which marked the beginning of the incentive schemes.
According to the “Worker Ant Scheme”, if the number of qualified dApps is under 20, the top 5 will share a prize pool of 20,000 USD in ONG each week.
The incentive schemes were originally aimed to
- Provide financial support for dApp developers and encourage them to improve their dApps;
- Reward active dApp users.
Since the schemes were launched more than six months ago, we have discovered some problems: first, some dApp developers manipulated their dApp data in order to win the incentives, which is completely against our principles of openness and fairness and the blockchain spirit. Moreover, dApp users have not been able to receive their fair share of the rewards.
After careful review and discussion, the Ontology team decided to make the following changes to the incentive schemes:
50% of the weekly $20,000 prize pool in ONG will be given to dApp developers who can use the incentives to reward their users; the remaining 50% will be given to users who use ONT ID on ONTO to access the dApps. The prize pool will be accumulated starting this week and will be distributed 4 weeks later. Detailed rules will be released soon.
Note: Users who download ONTO, create their ONT ID and use it to log into the dApps will be eligible for the 50% weekly prize pool.
As the number of users increases, so does the 50% weekly prize pool; dApps with good user reviews will also be able to win extra incentives.
The incentive rules for dApp developers will be released later, please follow our official announcements for updates.
To keep reading, please go to the original article at:
OntologyNetwork - Medium